2008 PLP 487 (CLD)
INVEST CAPITAL INVESTMENT BANK LTD. — Petitioner Versus SECP — Respondent
| Citation | 2008 PLP 487 (CLD) |
| Forum / Court | Islamabad |
| Bench Members | N/A |
| Parties | INVEST CAPITAL INVESTMENT BANK LTD. — Petitioner Versus SECP — Respondent |
| Primary Law | Companies Ordinance (XLVII of 1984) |
Q1: What are the key laws and sections cited in 2008 PLP 487 (CLD)?
This judgment primarily cites: Companies Ordinance (XLVII of 1984) as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 2008 PLP 487 (CLD)?
The case was heard and decided by the Islamabad bench comprising: N/A.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 2008 PLP 487 (CLD) (INVEST CAPITAL INVESTMENT BANK LTD. — Petitioner Versus SECP — Respondent). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Headnotes / Summary
Ss.96, 97 & 98
Constitution of Pakistan (1973), Art.199
Constitutional petition
Share capital was sought to be reduced under S.96(1)(ii) of the Companies Ordinance, 1984, being capital not represented by available assets of the company
Such reduction was permissible by Articles of Association of the company
Reduction of capital did not involve the diminution of any liability in respect of unpaid share capital over payment to any shareholder of any paid-up share capital
Representative of Security Exchange Commission of Pakistan stated that they had no objection to the petition and for the reduction of share capital under S.97 of the Companies Ordinance, 1984--All steps and procedures having been complied with under Ss.96, 97 & 98 of Companies Ordinance, 1984, petition for reduction of share capital was accepted and High Court allowed the reduction of the share capital as prayed for by the petitioner.