Failure to furnish a profit and loss account under section 45 profit, the Companies Ordinance section 1984 1984 requires the implementation of a fine company, production and transfer of members under section 454545 of 1984 and simultaneously with the Registrar and Commission The quarterly account is to be filed for the corresponding year. Failure to comply with the aforesaid requirements, the company will need to take action against responsible directors of the company, in which case the company failed to comply with its obligations, the protection of the investors / shareholders of the Companies Ordinance The goal was. , 1984 Since it was a shareholder who provided a badge for the formation of a company's capital, it would have invested more money if the interests of investors were protected, in return they should be provided with appropriate and meaningful information annually and interim. Accounts Provide Information to Company Investors The Company Directors h failed to comply with the requirements of the advertising law and did not distribute quarterly calculations to shareholders: in this case the Company's The past record was also unsatisfactory in preparing quarterly accounts with company directors / The director of the company did not have any responsibility for the rotation. And they had to take appropriate action at the appropriate time, the plaintiffs reiterated, clearly that the company was not making any serious effort to comply with the provisions of the law of default, the company was responsible for paying fines, However, after taking the plunge, every director of the company was fined Rs 10,000 instead of imposing a maximum penalty.
Related judgments — Securities and Exchange Commission of Pakistan, 2009
