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(COLONY) THAL TEXTILE MILLS LTD. versus


Sections 160, 196 and 484 Review Request A review petition was filed against the order under which section 160 (1) of the Companies Ordinance imposed a fine of Rs 10,000 on the company's chief executive, the company's chief The executive had urged the commission to initiate proceedings against him because the proposed asset settlement settlement was not a major part of the company's total assets, the chief executive was told by the company's auditors Provide a list of certified scraped items that are certified by company auditors. To be disposed of with the progress report on surplus land and disposal of the company, provide the necessary information to the Commission's law as legal auditors of the company have confirmed that the proposed property will cost Rs 662,824. The provisions of section 196, as well as section (3), did not constitute a substantial part of the Company's assets. Under the Ordinance of Companies, 160 of 1984, the Ordinance was not attracted to the penalties imposed under section (8) of section 160 of 1984, with no action taken.

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