By violating the Section 224 Companies (General Provisions and Forms) Rules, 1985, R16 law, directors trade with the company less than ten percent of the company issuing the purchase and sale transaction in less than six months. Told more shareholders. The transaction, the company took advantage of Rs 3,136,980 and stated that the profit amount was fixed in the manner prescribed in section R4 of 1985 of section 224 of the Companies Ordinance, 1984. In less than six months, ten percent of the shareholders of Equity Securities will benefit from the purchase and sale of such securities, such a person was required to report to the company and pay the money received. And, at the same time, report it to the Registrar of Companies and to the Commission Section 224 further provided that if such person does not comply with the provisions of this section, the benefit accrued in this transaction I will be present because in the present case neither the beneficiary nor its tender or the matter of recovery was conveyed to the Commission, a notice under section 224 (2) of the Companies Ordinance, 1984, was presented in response to the company which I was told that the notice was not satisfactory, the request was denied to the requesting representatives to withdraw the notice and the company demanded It was directed that the Securities and Exchange Commission obtain the Securities and Exchange Commission provided under Section 224 (2) of the Companies Ordinance, 1984, to tender the amount of RSication3,136,980.
Related judgments — Securities and Exchange Commission of Pakistan, 2010
