NAJEEB ULLAH GHAURI versus EXECUTIVE DIRECTOR (SMD)
Sections 224 and 484 Companies (General Provisions and Forms) Rules, 1985, R 16 Directive to the Company Director through trading through the Director of the Company, with the purchase of certain amount of shares of the applicant was purchased and sold. Its director said that as a result of the transaction, the Companies (General Supplies and Forms) Rules were taken advantage of in the prescribed manner in R6 of 1986, the Executive Director of the Commission directed the applicants to receive the amount received in favor of the Commission. The tender was not a legal mistake Applicants were referred to the applicants The applicants accepted the Commission's finding of the Executive Director on the issue of bonus shares, however, the applicants requested that an applicant be Be allowed to tender the money received in favor of the other. ) The Executive Director of the Commission, rather than the Commission, correctly guessed that the Companies Ordinance after a fixed period of time, under Section 224 of 1984, benefited the beneficial owner instead of the Commission. Cannot allow payment. And even the Commission had no authority under the Companies Ordinance, 1984, to waive the statutory restriction and requirement that the applicants had neither raised any legal jurisdiction in their review request nor Representatives requested to amend the appeal. There was a profitable profit, which was not given to the issuer within the stipulated period. The issuer acknowledged that the amount of money received within the period set forth in section 224 (2) of the ordinance of this company
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