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PAK. STATE OIL CO. LTD. versus PAK. O.P. LTD.


Sections 309 and 290 Section 290 Purpose, Scope, Applicable and Importing, Ordinance of Companies, 1984 Appealing to Company Grounds for any Member having no less than twenty percent of the issued share capital of a company That the matter is being held by the company or is being presented illegally or fraudulently or in a manner which is not supplied to him in the memorandum, if the court is satisfied that the allegations are true And upon termination of orders, members or lenders will behave unfairly, in the future to manage company affairs or other matters. The lambs or company can give orders to purchase shares of a member. In the event of the purchase of shares on behalf of the Company, the court may order a further deduction of capital or otherwise where, however, a group of shareholders had obtained full control over the Company's affairs and the applicant (shareholder) Had acted ruthlessly against the interests of, ch action

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