FIVE STAR INTERNATIONAL (PVT.) LTD. versus REGISTRAR OF COMPANIES
Sections 96, 97, & 98 & 101, along with the company company name, as well as the reduction of share capital of the company's power company and the lesser petitioner, sought to reduce its share capital by way of its directors. Approved by special resolution. The company said that the reduction in share capital would not affect shareholders' ownership or voting rights, and would not be detrimental to any company director or shareholder. And also that nothing was due to any lender, that a special contract with the Securities and Exchange Commission of Pakistan under Form 26 was filed in the document and no lender was present at that time and Also, shareholders will not be discriminated against due to a reduction in share capital. Approved the application for a reduction in share capital and directed that the applicant company receive an exemption from writing the word and that it was reduced as part of the company's name on the reduction of its capital.
Related judgments — Lahore High Court Lahore, 2014
