GHULAM MUHAMMAD MALKANI versus DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Section 195, 196 (3) (b) and 473 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 amounts to granting the powers of the directors of the company or extending the time to pay the outstanding debt of the company. The Appellant / Chief Executive's spouse, 33, could be charged Rs 33,67464,564 00 00 00 Rs. Rs. He traded in shares through his equity trading account which was held by the company, A notice of notice was issued to the appellant under section 666 ()) (b). The Ordinance of Companies, 1984, which allows the directors of a public company to remit, remit or extend payment of any debt owed to its spouse and minor children, without the consent of the shareholders of a partner company Options were limited. The General Meeting Appellant provided an agreement to the Commission from the appellant's spouse regarding payment of the outstanding amount of Rs 1 lakh in the minimum monthly installment but was told that the work would not be terminated. And the consent of the shareholders in the general meeting, even after the penalty imposed on the appellant / chief executive officer, could not be remedied, he r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2013
