NATIONAL INVESTMENT TRUST LTD. versus CRESCENT TEXTILES MILLS LTD.
Sections 2 (1) (21), 148 and 28 notifications section R865 (I) / 2000, dated 6 12 2000 invalidating the extraordinary general meeting proceedings beneficial shareholder Locus Standish Petitioner was a trustee and alleged that non. The proceedings of the Minor General Meeting were illegal and had no legal effect as the petitioner raised by the applicant company that the applicants were not members and had no locus standi for locating such declaration. , The accuracy applicant was a trust and the respondent was not a shareholder or member of the company although the beneficial property as a business practice It was treated as shareholders. Nevertheless, the beneficial shareholders were not technically the names of the shareholders as their names could not be entered in the records of the company as the members or shareholders petitioners were a trustee and the companies were named under section 148 of the Ordinance 1984. Could not be done Regarding the terms of section 160 (a) of the Members Registration, read with section 2 (1) (21) of the Companies Ordinance, 1984, the Petitoo Member Benchmark under section 160 (a) of the Companies Ordinance 1984 The petition was not filed for retention, demanding that the application should be filed by members with no less than 1 percent of the voting power of the company. Applicants may be granted only if there was a material defect in the notice under section 28 of the Companies Ordinance, 1984, or at a meeting held as a result of the notice, the Companies Ordinance had no right to exercise jurisdiction under section 160 The defect was also not presented, the applicant was required to disclose
Related judgments — Lahore High Court Lahore, 2010
