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SHAHEED ZULFIKAR ALI BHUTTO FOUNDATION vs The DIRECTOR (CLD-CCD), SECP S — 2021 CLD 682 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation
2021 CLD 682 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year
2021
Reporter
CLD
Parties
SHAHEED ZULFIKAR ALI BHUTTO FOUNDATION vs The DIRECTOR (CLD-CCD), SECP S
Provisions referred to
S. 42---P

Fields are extracted from the reported citation and judgment text. Where a detail is not stated in the record, it is not shown.

Judgment text as reported

SHAHEED ZULFIKAR ALI BHUTTO FOUNDATION VS The DIRECTOR (CLD-CCD), SECP S. 42---Power to dispense with "Limited" in the name of charitable and other companies---Scope---Appellant assailed an order passed by Director (CLD-CCD) whereby competent authority had, on failure of appellant to apply for renewal of licence, revoked appellant's licence---Validity---Appellant, for the last twenty five years, had failed to file audited annual financial statements and statutory returns---Appellate Bench, in the interest of appellant to revive its licence and the Director's inclination to provide said privilege, directed the appellant to file past twenty five years audited financial statements, annual statutory returns, forms related to directors' election and other required forms and documents with the Commission within a period of six months---Appellant was further directed to pay late/delayed filing fees to rectify its previous non-compliances---Director was directed to consider appellant's restoration/renewal application in accordance with law, if previous defaults were removed within allowed time---Appeal was disposed of accordingly.

Other judgments reported in 2021 CLD

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