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HASEEB WAQAS SUGAR MILLS LIMITED versus

Investing in Sections 208 and 476 related companies and underwriting without permitting shareholders without violating Section 208 of the Companies Ordinance, 1984, the Company's director made shareholders without violating Section 208 of the Company Ordinance Without permission, all the directors were responsible for funding. The aforementioned breach directors are responsible for the responsibilities of their company and its shareholders directors must fulfill their legal obligation with good faith and honestly the director failed to exercise reasonable caution that the required terms of the law Is being violated and has not been respected. The shareholder directors' mandate violated the obligations of the terms and conditions holders company, in fact financing the company's relevant concerns to meet its financial needs at the expense of the breach. Was doing Section 208 Companies Ordinance, 1984 was established and all directors were held responsible for the aforesaid violations. However, instead of imposing a maximum penalty of Rs one lakh on each director, section 208 of section 208 of the Companies Ordinance, a director was fined Rs 500,000, which deviates from the policies. And the company's procedures online advocate from Kohat lawyer