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MRS. BUSHRA EHSAN versus REGISTRAR OF COMPANIES


Sections 79, 198, 261 and 468 of the Securities and Exchange Commission of Pakistan Act (XLII of 1997), section 33 illegally exchanged the shares of the deceased chief executive of the company against the appellant bench of the complainant, Who was the daughter of the chief executive. The company claims that at the time of his death his deceased father had shares in the company and was a minor at the time of his father's death. The daughter alleged that her mother was abusive with her sons / appellants in communion. To transfer the shares of the complainant's father to their own names. And that he was deprived of his right to inherit and was mistakenly excluded from the company's affairs because in response to this cause notice, the applicant had failed to provide the required information. That the appellant had forfeited after the transfer and forfeiture of the forfeited shares. In order to deprive the complainant's father of inheritance, his death benefited the appellant company from excluding other legal heirs and denied the complainant his legal right to the property and the appellant's behalf. Was pressured. Its order was retained to the extent of registering non-deferred order form parties approved by the registrar to relinquish its share of the property to the Registrar of Companies, but may be referred to the civil court for declaration of accuracy. Or otherwise in accordance with the Transfer Works and Agreement Order. \ R \ n

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