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" THE CORPORATE SUSTENANCE THE CORPORATE SUSTENANCE By Syeed Hasnain Haider Attorney-at-law   One may argue for hours in favour or against indicators of corporate progressions being upward or downward, but what is somehow worth noticing was a report in a daily 'Dawn' published on 9th April, 2014 that, as many as 420 new limited liability companies were registered by Securities only in the month of March 2014 by Securities and Exchange Commission 'of Pakistan (SECP) raising total number of companies to 63,236 companies (http://www.dawn.com/news/1098599) which is encouraging as it leads to obvious conclusion that, by more and more corporate entities being incorporated, business sector will flourish and more jobs will be available in diverse areas of commerce, trade, production, services and many others within which sector those concerns propose to conduct their respective businesses. Further, another positive statistical data presented by the then Acting Chairman, Securities and Exchange Commission of Pakistan to the Finance Minister as also reported in Business Observer on 16th December 2013 highlighting that, there has been an increase of 17% in the incorporation of new companies since 1st July 2013 as compared to the same period, preceding year (link:http://businessobserver.pk/registration-of-companiesincreases-by-17-2000-dormant companies-revived/). In addition to that it was also reported that, nearly 2000 companies which were dormant since many years have recently regularized themselves by filing overdue returns that, to a greater interest of corporate structure, indicates positive trend in business and economy. Now, just hold there and take a look back; 2000 dormant companies revitalized themselves, meaning thereby that 2000 companies either did not start…