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BANKERS EQUITY LTD. versus GENERAL PUBLIC


Ordinance 1984 Sections 96, 97 and 160 (b) of the Companies Reduction of Subscribed and Paid Investment of the Company The request for verification of the scheme authority was granted to the Company under paragraph 11 (iv) of the Articles Association and This was the use of force. Through the resolution approved by the majority shareholders of this company, under which a statement made by Section 160 (Section B) of the Companies Ordinance, 1984, informs the material facts regarding the reduction in capital. It was held that public shareholders were not barred from converting their shares into investments. In the long-term finance certificate because it was in the resolution that he chose to go for such a conversion, he would be given first priority. Due to the implementation of the proposed scheme, the return on paid-up capital is likely to improve overall. And altering the capital structure framework would prove to be beneficial to the company and its shareholders, as the company's capital shortfall was found to be quite viable, fair and appropriate.

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