AGRITECH LIMITED vs SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss — 2025 CLD 1236 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN

Case information

Citation: 2025 CLD 1236 SECURITIES-AND-EXCHANGE-COMMISSION-OF-PAKISTAN
Year: 2025
Reporter: CLD
Parties: AGRITECH LIMITED vs SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss
Subject matter: Criminal
Provisions referred to: S. 237; S. 147; S. 223; Companies Act

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

AGRITECH LIMITED VS SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN Ss. 132, 147, 223 & 237---Provisions /requirements under S. 237 of the Companies Act, 2017---Scope---Default by company---Effect---Extension under S. 147 of the Companies Act, 2017---Scope---Company was penalized for contravention of S. 237 of the Companies Act, 2017---Plea of the appellant / company was that extension was given to it on its application under S. 147 of the Companies Act, 2017---Validity---Section 237 the Companies Act, 2017, empowers the Commission to grant, upon an application by a company, extension in period of filing in case of accounts of first quarter for a period not exceeding thirty days provided company is allowed extension in terms of S. 223 of the Companies Act, 2017---In the present case, the Commission did grant an extension for filing accounts of first quarter, however, the same was not complied with within the stipulated time---Non-compliance on the part of appellant / company was apparent, requiring no interference with the impugned order by the Appellate Bench---Appeal was dismissed, in circumstances.

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