MUHAMMAD OMAR AMIN BAWANY versus EXECUTIVE DIRECTOR (ENFORCEMENT)
Sections 208, 196 and 476 Securities and Exchange Commission of Pakistan Act (XLII of 1997), Section 33 Investing in related company and contracting without special resolution Fines from Appellate Bench Company in terms of section 208 (1) of the Companies Ordinance. Appeal was required to pass a special resolution in 1984 before investing in a related company, but in the present case, for the purposes of section 208 of the Company Ordinance, 1984, the company did not pass any such resolution. GO, which includes the term "investment \ include" loan term. , \ Advance \, \ equity whatever the name is called, or from any money which was not in the nature of ordinary commercial credit, the business credit given by the company to the relevant company is not called \ ordinary trade credit. The company may have admitted that it had given the relevant company a credit period of up to 95 days, the unusual trade credit given to the affiliated company had damaged the company as it could sell the product i. n On an open market advance basis, the Company had failed to pass a special resolution in terms of section 208 (1) of the Companies Ordinance 1984 before investing in the relevant company, the company was properly fined \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2010
