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BOSICOR PAKISTAN LIMITED versus

Sections 208, 476 and 492 invest in related companies / businesses, not in accordance with the resolution approved by the shareholders, regarding the implementation of a penalty investment, though on the basis of special resolutions resolved at the Company's unusual general meeting. But the contracts were not approved by the shareholders of the said company in order to detect the extent of the infringement by the company and the loss resulting from such investment. Necessary action was initiated under section 208 of the Companies Ordinance for, 1984 showcase notice issued The company and its directors had violated the provisions of the Companies Ordinance 1984 588 and changed the nature and conditions of the funds, completely disregarding the approval of the shareholders so as to meet the interests. can go. Directors, not shareholders, who lacked rationality nor were ACs, were found to have violated Section 208 of the Companies Ordinance, 1984, and were told that all directors were responsible for this violation. Were responsible. However, according to the Companies Ordinance, Section 208 of 1984 Section 208, instead of imposing a maximum fine of Rs 10,000,000 (Rs one lakh) on each PF Directors, a small scenario is by default. Was taken and fined. 500,000 per Director, Chairman and Vice Chairman famous lower court advocate from Shahdad Pur lawyer