RAZI KULI KHAN KHATTAK versus EXECUTIVE DIRECTOR (ENFORCEMENT)
Sections 96 and 208 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 invested in related companies and the enforcement of a penalty appeal against the management of the appellant company illegally, made it one of the affiliated companies. Had purchased and considered the right shares. Passing the special resolution according to the requirements of section 208 of the Companies Ordinance, 1984, after subscribing to the right of the respective company, the appellant company disposed of the shares to another related company, before the company the shares of the relevant company were transferred to another company. Sell to At this time, the Director of the Market Price Pricing Commission, after taking into account the due notice issued to him, collected a fine of Rs 500,000 on the appellant's arguments and additional documents filed by the appellant. Inappropriate order order was approved. Appellant Company's Directors' Company Ordinance, 1984 and the Company's Ordinance of 1984, a direct penalty of Rs. 1,000, on the Directors for violation of section 208 of the Companies Ordinance, 1984, to allow Appellant's companies to collect. Intermittently failed to show that there was not much more to it than the other customers, as stated in the director of the defective order. The Commission rightly acted against the appellants by imposing fines under Section 196 (4) of the Companies Ordinance, 1984, the preferential treatment given to the respective companies was not a matter of modest business reputation and that of section 208 (1). The definition came under the definition of investment. ) Against the Companies Ordinance, 1984 Director, Commission Ordinance, Section 208 of 1984
Related judgments — Securities and Exchange Commission of Pakistan, 2010
