Sections 86, 492 and 498 Companies (Release of Capital) Rules; 1996, R 8 Without the issuance of rights shares and the accumulation of any capital other than cash, the Company's Prima fee of fine accumulated additional capital of Rs. 35 lakhs. What, with no shares and no cash company's prima facie fax, cash payments based on the annual accounts, legal returns and other documents provided by the company during the inspection under Section 231 of the Companies Ordinance, deliberately printed Share, by the way, the fact of issuing more share capital through another route, 1984 and section 85 and 492 of the Companies Ordinance Thus, in view of the facts of the case under the RK6 (Capital Issuance) Rules 1996, the company's chief executive and directors held themselves responsible. In the exercise of the powers conferred under Section 498 of the Companies Ordinance 1984, a fine of Rs 1 lakh is imposed on the Chief Executive and the Directors of the Company individually. Each director, including the chief executive, was fined Rs 50,000 for fixing the section 492 of the Companies Ordinance, 1984, for violating the R8 of the companies (capital count), 1996, a fine of Rs 1, each 000 was imposed on the director and the chief executive of the company
Related judgments — Securities and Exchange Commission of Pakistan, 2009
