Sections 158 and 245 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Failure of Annual General Meetings of the Company and Failure to Prepare and Move its Members, etc., such as its Quarterly Profit and Loss Accounts and Balance Implementation of the Sheets Fine Appeal Company. The Company Ordinance, 1984, failed to hold the annual general meetings within a fixed time under section 158 (1) of the Company, which was also prepared and transferred under clause (a) of section 245 (1) of the Company Ordinance, 1984 Was necessary. Its members and the respective stock exchange registrars and commissions failed to comply with the mandatory provisions of the Balance Sheet, Ordinance for its quarterly profit and loss accounts and related constitutions under which section 245 ( 3) requires action under. Companies Ordinance, 1984 A fine of Rs 50,000 has been imposed on each Director of the Company to withhold the annual meeting of the Annual General Meetings, in violation of Section 158 (4) of the Companies Ordinance 1984 at all times and every quarter. For each director a fine of Rs 100,000 which was not required to be submitted to the quarterly accounts under clause (a) of section 245 (1) of the Companies Ordinance, on the directors of the company under his personal qualification. 1984 validity penalties were imposed, they were required to pay fines from their sources that the company's bank account was frozen, appeal financed. To was not available, you have to take those appeals without merit spending to appeal from its own resources. No basis for contempt of delay in filing appeal, appeal filed by appeals
Related judgments — Securities and Exchange Commission of Pakistan, 2009
