Sections 208 and 476 relating to unauthorized investment in the relevant company for a number of years, imposing penalties on the company's annual audited accounts, revealed that the company had made progress to its affiliates. Ordinance of 207 of the Ordinance of Ordinary Trading Credits and Companies, as amended in Advance 1984 Advance, without the prior approval of the shareholders through a special resolution and without the return on such credit given Was a violation of. The Ordinance of Companies, 1984, the Chief Executive of Section 208 and the Directors of the Company did not take proper care, stating that the related company was given credit to default and the relevant amount had already been recovered, the company representatives also It was assured that the company would ensure strict compliance with the provisions of the Companies Ordinance, instead of imposing a penalty of more than Rs 10,000 in accordance with Section 208 (3) of the Companies Ordinance 1984 in the future, in view of the default. Keeping in mind, the company's chief executive has been charged a token fine of Rs 200,000
Related judgments — Securities and Exchange Commission of Pakistan, 2010
