Sections 174, 186, 187 (h), 188, 189 and 209 (2) Appointment of Directors of a Company Each private company shall have, under the provisions of section 11 provisions, no less than two directors, and each public company shall have seven directors Will not be less. Under the Ordinance of Companies, 1984, under the provisions of section 209 (2) of the Companies Ordinance, 1984, each director shall keep the amount of the qualifying shares not exceeding the nominal value of the qualification shares, i.e. Rs. 5000, But no director company had such shares with the directors of the company, in the event that it failed to comply with the provisions of Sections 111, 187 (h), 188 and 209 (2), not being a member of the company , Will cease to assume the office of Director. Under the Companies Ordinance, 1984, the Ordinance Commission was obliged to impose fines under Sections 186, 189, 209 (2), instead of imposing fines, adopted a small theory, and this company and its cause Condolences to the company. Profit had no intention of violating the provisions of the law, and the effect of each violation did not substantially harm the interests of the Company's shareholders. \ r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2015
