Sections 196, 208, 473 and 476 illegally and violating the law Investing in the relevant company The company contracted with the private company The board of directors of the company did not allow the company to contract the sale Resolution not approved The board of directors of the relevant private company was obliged to pass the resolution in accordance with section 196 of the Companies Ordinance 1984, while the relevant private company transferred more than ten million machinery to the company. Calling a privately held company on the one hand, and on the other hand, without the return on such investment, contrary to the requirements of section 208 of the Ordinance of 1984, said that such arrangements benefited the affiliated private company which called Received Compensation Assets. Interest and depreciation expense was according to the Associate Private Company Common Directors of the private company affiliated with acquiring the business without fear of future competition, said that the final beneficiaries of the transaction were and the company's shareholders were such They were on the verge of not losing their return on investment, insisting that the company received numerous benefits from the transfer of such machinery to the company, section 208 of the ordinance, section 196 of section 1984 and section 208 of the company ordinance 1984. Will not help in obtaining the necessary shareholder resolution, the directors of the company's directors Was violated. According to the company which violated the provisions of the law, the directors were fined Rs. 3,200,000. \ R \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2009
