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JDW SUGAR MILLS LIMITED versus

Sections 208, 476 and 492 Requirements for approval of the Company's Board of Directors Shares without the approval of the shareholders without advance approval of the subsidiary. Apply the fine of the company to the subsidiary without obtaining approval of the shareholders. Were fully aware of Holders, however, required the Company Ordinance, Section 208 of the 1984 Ordinance, Section 208 of the Company's Ordinance, to invest in the relevant companies in connection with the renewal / approval of the Short Term Working Capital Advance. Was a necessity. Investments should be made only in the affiliated / subsidiary company, with the permission of the shareholders, but the company has stated that due to the requisite requirements the management of the company exercised its legitimate right to decide the shareholders to invest in the subsidiary company. Have been deprived of The Company was responsible for its obligations and served its shareholders; they must discharge its legal obligations with good faith, honesty and integrity, provided for section 208 of the Company Ordinance, 1984 The infringement was instituted, because the approval of the shareholders in the company's funds was completely ignored. For this company, which received substantial markup on the loan offered by the company and subsequently complied with Section 208 of the Companies Ordinance 1984 with its related commitments, a maximum of 1 million per director Instead of imposing a fine of Rs. According to Section 208 (3) of the Companies Ordinance 1984, the company which has been proposed, the chief executive of the company was fined only Rs. attorney vs advocate vs counsel from Shahdad Pur lawyer