| Citation(s) |
|---|
| 2004 SLG 645 2004 SLD 645 2004 CLD 1109 |
Sindh High Court
J. Miscellaneous Application No.55 of 2003, decision dated: 21st May, 2004, hearing DATE : 12-05-2004
MUHAMMAD MOOSA K. LEGHARI, JUSTICE
S. M. Aamir Naqvi for Petitioner. Jhamat Jethanand for
Respondent.
J. Miscellaneous Application No.55 of 2003, decision dated: 21st May, 2004, hearing DATE : 12-05-2004
MUHAMMAD MOOSA K. LEGHARI, JUSTICE
S. M. Aamir Naqvi for Petitioner. Jhamat Jethanand for
Respondent.
ADDITIONAL REGISTRAR OF COMPANIES SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN, COMPANY REGISTRATION OFFICE, KARACHI
VS
MESSRS NORRIE TEXTILE MILLS LIMITED
Law: Companies Ordinance, 1984
Section: 305
(a) Companies Ordinance (XLVII of 1984)---Ss. 305 & 309---Petition for winding up of Company--Requirements---Registrar was not entitled to present a petition for winding up of the company unless prior sanction of the Authority had been obtained in that behalf---No such sanction would be given by the Authority unless the company had first been afforded an opportunity of making a representation and being heard---Where it could not be said with certainty that the statutory show-cause notice issued by the Authority was actually served upon the company, in view of such lack of proof it could riot be concluded that the company was afforded a meaningful opportunity of being heard or to move a representation before necessary sanction was granted to the Registrar---Service of show-cause notice could not be ignored in the circumstances, where it attracted penal consequences on the analogy of the principle that penal provisions were to be construed strictly--Authority vested with quasi judicial powers connected with adjudication or determination of entitlement of rights of citizens must be vigilant and conscious while exercising its powers--Authority, in. the present case, seemed to have passed the order without ascertaining the fact of service of show-cause notice upon the company, order of Authority whereby sanction was accorded to the Registrar for filing petition for winding up of the company was therefore, void ab initio and a nullity---Petition for winding up as prayed thus could not be granted in view of said inherent infirmity. Obedulah and 2 others v. Inspector General Frontier Crops, Quetta 1997 SCMR 1833 fol. (b) Administration of justice--- ---- Authority vested with quasi judicial powers connected with adjudication or determination of entitlement of rights of citizens must be vigilant and conscious while exercising its powers. Obedulah and 2 others v. Inspector General Frontier Crops, Quetta 1997 SCMR 1833 fol. (c) Companies Ordinance (XLVII of 1984)--- ----Ss. 305 & 309---Petition for winding up of Company---Service of show-cause notice on the company---Purpose--- Company having participated in the proceedings before the company Judge, the acts of…
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