02-17-2009, 10:15 PM
Dear All;
If a company does not register itself as per Companies Ordinance 1984 but it writes at the end of its name Limited or (G) Limited, then as per C.O. 1984 a fine of Rs. 200,000 will be imposed on that company. I personally know about a company which writes at the end of its name "Limited" but no record of this company is available at SECP site and registrar office.
No penalty has been imposed on this company till now for this misconduct. Moreover this company is in existence before the Ordinance of 1984.
What are the provisions regarding this matter in C.O. 1984?
Status of this company as per NTN is AOP but this company has members much more than 20.
Please tell me whether this company is required to be registered and whether this company will be required to pay fine of Rs. 200,000.
Thanks
If a company does not register itself as per Companies Ordinance 1984 but it writes at the end of its name Limited or (G) Limited, then as per C.O. 1984 a fine of Rs. 200,000 will be imposed on that company. I personally know about a company which writes at the end of its name "Limited" but no record of this company is available at SECP site and registrar office.
No penalty has been imposed on this company till now for this misconduct. Moreover this company is in existence before the Ordinance of 1984.
What are the provisions regarding this matter in C.O. 1984?
Status of this company as per NTN is AOP but this company has members much more than 20.
Please tell me whether this company is required to be registered and whether this company will be required to pay fine of Rs. 200,000.
Thanks
