Section 224 Companies (General Provisions and Forms) Rules, 1985, R 16 Failure to recover the director of the trading company by directors, officers and principal shareholders, the director of the company issuing the purchase and sale transaction of the company director. In less than six months. Account: For the above transaction, the Director earns Rs. 15,584,690 in the default manner of the Companies (General Provisions and Forms) Rules 1985, through which the Director said that the Transaction Report has to be prepared and tendered. Have to tender. The company must also report such acquisition amounts, as well as the Companies Ordinance, 1984 to the Registrar of Companies and Commission Section 224 if the director fails or tender is ignored or the company recovers. Fails to do Such benefit will be paid to the Commission and unless such benefit is credited to the designated account, the Commission may direct its recovery. As a matter of land revenue, neither the acquisition nor the tendering or recovery was reported by the director in acquisition of part D of the proposed profitable property filed by the commission. The commission was given under section 224. () The Companies Ordinance, of 1984, of, the Director was informed that in his written statement the Director of the Commission stated that the Director was entitled to retain the sale of bonus shares and should be excluded. The Director further stated that in the scope of section 224 of the Ordinance of Companies, 1984, there is a matter of purchase and sale and sale and sale under which 12
Related judgments — Securities and Exchange Commission of Pakistan, 2010