SHABBIR GHANI, CHIEF EXECUTIVE OFFICER versus COMMISSIONER (CLD), SECP, ISLAMABAD
Failure to hold the Annual General Meeting Company, under the provisions of Sections 158 (1), 170, 171, 476 and 477 Companies Ordinance, 1984, makes its annual general meeting mandatory for the relevant year. Fixed term, but it failed to comply with the law of the Securities and Exchange Commission of Pakistan in relation to the holding of the Annual General Meeting and no appointment was allowed to hold the Annual General Meeting. Expired. The basic requirements of the Companies Ordinance, 1984, because the absence of a meeting has serious consequences for investors and the closure of office and staff disqualification, any justification under the law of holding the company's annual general meeting act was not. Deliberately, the fine was properly imposed on the company, in the circumstances
Related judgments — Securities and Exchange Commission of Pakistan, 2013
