FAWAD AHMAD MUKHTAR, CHIEF EXECUTIVE versus DIRECTOR (ENFORCEMENT) SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Sections 208 and 473 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 related companies' annual audit of unauthorized companies for the respective year of investment and companies, revealed that the company had provided various affiliates. Provided free loan and advance. Companies without prior authorization by the shareholders of the Company, which had previously been promoted by the Company to the relevant companies, could not be considered in advance by the Company's sponsors, were contrary to the Companies Act, and Nevertheless, the competent representative expressing the Company's failure to comply with the provisions of Article 208 of the Ordinance 1984, inadvertently, accepted the default view of the Company Commission, saying that on an unspecified order 10,000 was fined. Direct the company directors, and companies under section 473 of the Ordinance 1, 984 to regulate the transaction by presenting the case to the company's shareholders; and obtain approval by a special resolution under which, by nature, the terms Include terms and conditions that will help relevant companies make loans and advances. shall be
Related judgments — Securities and Exchange Commission of Pakistan, 2013
