TRI STAR POWER LTD. versus EXECUTIVE DIRECTOR (C.L)
Sections 305 and 309 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Appellate Bench shall seek the Commission's approval under clause (b) of section 309 of the Ordinance 1984 of the Company's Appeal Companies. Approval of the termination of the company was sought on the basis that the appellant company had suspended its business from 2001, which violates Article 305 of the Companies Ordinance (C), the 1984 executive director exercising his powers. I was granted under clause (b) of the Companies Ordinance, Section 309 of 1984, the Registrar was empowered to file a summit petition in the High Court and the appellant filed an appeal against the order that the appellant company Annual accounts filed by had proven that the appellant's business was suspended. End of counsel for the year 2000 Appellant that the company operates and that he never suspended the bus was against the position stated in the audited accounts of the appellant for the year ended 30 6 2007 In 2001, the yearly audit accounts available to the Department clearly showed that the Appellant Company's business had been suspended since 2000 when Appellant was involved. It is up to the management to comply with the legal requirements set forth in the Companies Ordinance. The appellant had consistently failed to enter the required account and failed to hold such an annual general meeting, completely ignoring the 1984 requirements. Cannot be tolerated by a listed company No ground was created to interfere with the impugned order, it was retained
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