Failure to hold Section 158 Annual General Meeting Effect Company, which was required to hold its Annual General Meeting for the year ended June 30, 2009, extends its meeting on or before October 31, 2009 to the Company also Was unable to hold such a meeting. The notice cited a large-scale accident in the main production area of a factory damaging the factory and other production areas, including machinery, and other material companies complying with the requirements of section 158 of the Companies Ordinance 1984. Have expressed humility over the years. The / or shareholder companies' ordinance was one of the main objectives of 1984 and provides investors / shareholders with a badge to invest. And their interest was protected by the delivery of timely, reasonable and meaningful information, especially in the event of an accident with their Company / Factory Annual and Interim Accounts, Company Annual General Meeting Provides information to investors about matters. There was a forum where investors could freely discuss, talk and vote on important issues related to account approval, appointment of auditors, selection of directors, etc. Company directors failed to comply with the requirements of the law. However, the Company is required to impose fines under Section 158 (4), keeping in view the constraints the Company faces in collecting and retrieving relevant information / records, and the fact that the Company has held a delayed annual general meeting. Instead, the task was gently taken. Ordinance, 1984, to the Company and its Directors
Related judgments — Securities and Exchange Commission of Pakistan, 2010
