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Mian WAQAR UD DIN vs UNITED INDUSTRIES LIMITED Ss — 2026 PLD 226 LAHORE-HIGH-COURT-LAHORE

Case information

Citation
2026 PLD 226 LAHORE-HIGH-COURT-LAHORE
Court
Lahore High Court
Year
2026
Reporter
PLD
Parties
Mian WAQAR UD DIN vs UNITED INDUSTRIES LIMITED Ss
Subject matter
Criminal

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

Mian WAQAR UD DIN VS UNITED INDUSTRIES LIMITED Ss.131, 132 & 204---Breach of duty by a director, ratification of---Mode of ratification---Special resolution, holding of---In case the company considers that a director is in breach of his duties in contravention of the articles of the company or any of its policy or decision of a board, it may proceed to convene an EGM for the purpose of ratification of the act of a director and for which aspecial resolution would be required---Thus, the company has firstly to form an opinion that any of its directors has committed abreach of duty or is in default of its policies or decision of the board and thereafter it may further decide to ratify that act by a special resolution---That opinion can only be formed by the Board of Directors of a company and none else.

Other judgments reported in 2026 PLD

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