Find a Lawyer

SALEEM SUGAR MILLS LIMITED versus

Sections 305 and 309 Provision of Companies Ordinance for the Termination of the Company, Section 305 of 1984 provided that if the Company had not commenced its business within one year or had suspended its business, A company may be injured by a court. For a whole year; and if the company is run and operated by individuals who fail to maintain the right and proper account, or if fraud, misconduct or corruption in connection with the company results in the current business of the company Was suspended since 1995 and the company's auditors had to do so. An qualifying opinion was given regarding annual accounts for the years ended September 30, 2004, 2005 and 2006, indicating that the Company failed to start or establish a business, That the administration has no intention of running this task. Its business / function was necessary to end such company so that the available assets of the company could be divided into shareholders before such company became vacant in the hands of inappropriate and illicit management under the facts and circumstances. , It would be appropriate to start the Additional Registrar was granted the option to file a wind under section 309 of the Companies Ordinance 1984 wind r \ nApplication in the High Court for winding up the company. advocates from Chak Jamal lawyer