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HAMID TEXTILE MILLS LTD versus


Penalties for sections 492, 476 and 158 misrepresentation, a company incorporated as a public limited company, applied for a commission in October 2008, which extended the time for the annual general meeting under section 158 of the Companies Ordinance, 1984 One person was signed for. The man told the commission in his letter of November 27, 2008 that he had resigned from the company on April 30, 2008. And that it had not signed a document after April 30, 2008 but in view of the information provided by the person allegedly signing the petition, the company had already lied about the company secretary in the application Statements were made, in addition, that the person's signature was also fake. The chief executive, who appeared on behalf of all the directors of the company, acknowledged the default and applied for a soft ideological company by making a false statement about the company secretary in the application, violating the provisions of section 492 of the company ordinance. The 1984 default was set. However, instead of imposing a maximum fine of Rs 500,000 per director on the issue, the company's chief executive was fined Rs 200,000, Other directors were also warned to be cautious in the future.

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