Sections 160, 208, 476 and 506 of the law violate the annual audited accounts of the company for the year related to the purchase of the related company's shares, revealing that the company related without the approval of the shareholders 15,193 shares of the company were bought. The company also presented a sum of Rs 209 million, according to which the relevant company had obtained approval from the shareholders against the issuance of the right shares, which had been sanctioned that section 208 of the Advance Company Ordinance 1984 was violated. In which case it was necessary to invest in the company concerned. Be made under the special resolution authority, but no copy of the special resolution was entered. It is disputed that the purchase of shares of a small affiliated company would not attract the provisions of section 208 of the Companies Ordinance, 1984, which the law did not allow. Investment in any subsidiary may be prohibited, irrespective of this, but should be made with the approval of the shareholders under section 208 of the Companies Ordinance, under section 208 of the 1984 Companies Ordinance. , Provisions of 160 and 506 were violated. However, considering the amount of equity investment and the fact that the Companies Ordinance had already been issued shares against advances, rather than imposing a maximum penalty under Section 208 of 1984, each director and chief had 20 shares. A fine of Rs., 000 will be imposed. The executive of the company was implemented and the average weight of the company is not less than the average cost to collect advance interest of Rs 209 million \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2009
