Find a Lawyer

JAVED KHAN versus STATE BANK OF PAKISTAN THROUGH GOVERNOR, STATE BANK

Section AAA Rules and Regulations for B Category Exchange Companies, Constitution of Pakistan (CL) & 36 & 37 37 (1973), Article 199 B Category Exchange Company License, by a group of five persons Establishment of such Company as a Director (Cancellation) On the request of the State Bank of the Company's three directors, the directors of the applicants holding 60% of the shareholders, including its chairman (defendants), request that their license be revoked. Prior to doing so, the State Bank did not provide them with a hearing or inform them of the process. Cancellation Accuracy The State Bank had informed the Plaintiff Chairman that all the directors of the Company would consider their request after obtaining written consent, but the applicants were not notified of such application by an applicant. The Secretary was the State Bank was obliged to initiate any action against him. The Company had all correspondence and discussions through its Secretary State Bank with the Chairman, who had begun the cancellation process, the State Bank issued a notice in writing to the Company explaining its position. The applicants were seriously condemned, the State Bank has been directed to approve the new order in accordance with the law at the appointed time. lawer from fb area from Patika lawyer