ABRAR HASAN DIRECTOR OF NATIONAL FOODS LIMITED versus
Failure to file Sections 222 (2) (C) and 224 (4), return of a change to a beneficial ownership company, which was a publicly listed company, within the period set out under section 222, a change in beneficial ownership on Form 32 Was required to file a return. The Companies Ordinance, 1984, but failed to deny that it attracted the promotional provisions contained in section 224 (4) of the Company Ordinance, 1984, because of the delay in filing the return of beneficial ownership. This argument was accepted deliberately and not intentionally, and the company assured of timely filing of a return of beneficial ownership in the future. And requested to waive the default record in the record in question that the company had already filed a return of beneficial ownership in a timely and regular way. The current changes in beneficial ownership have already been reported to the Registration Office of the relevant company, considering the submissions made by the company, it was a dispute, agreeing to have a careful view of the matter, to allow the company to operate in the future. Strict warranties were given to ensure timely compliance with Section 222 of the K Ordinance, 1984.
Related judgments — Securities and Exchange Commission of Pakistan, 2013
