Section 234A Securities and Exchange Commission of Pakistan Act (XLII of 1997), Appeals to the Commission's Respondents for the Order of Special Audit by Appointment of Section 33 Auditors, who jointly own 49% of the Company's total shares , Filed under. Section 234A of the Companies Ordinance, 1984, to order special audits by the appointment of auditors to investigate the affairs of the company against the respondents against the appellants who owned a 51% stake in the companies jointly. Some charges were made. The company's affairs were issued a showcase notice to the appellants and then the executive director (registration) was held to conduct the proceedings, after the consideration of the showcase notice and the hearing of the parties, to conduct a special audit and detailed investigation. Auditor assigned to. Companies' affairs under Section 234A of the Companies Ordinance, 1984 Appellant's aggression was appealed because of an unwritten order in which the executive director's jurisdiction specifically objected. As a result of the hearing before the Executive Director, who was assigned the powers to hear matters relating to Section 234A of the Companies Ordinance, 1984, in accordance with notification No. 839 (I) / 2008, in exercising its lawful powers, According to Executive Director 118 2008, a petition filed under section 234A of the Companies Ordinance was heard; the 1984 Executive Director of the Commission was, in the circumstances, capable of hearing the request for special audit and the appellants were not subject to any injustice. Or was not intended to cause prejudice. Companies Ordinance, 1984 Securities & A
Related judgments — Securities and Exchange Commission of Pakistan, 2009
