Private Limited Company

Ordinary meaning of private limited company is ownership of a company by its share-holders whose (company's) share are not offered to public, hence remain within share-holders

Any person claiming to be share holder is always supposed and believed to act and omit for benefit of company as individuals may join to form a private limited company but continuity thereof is subject to act for object thereof which may be as defined and agreed by such joined individuals but could not permit an act or omission of share-holder to harm the company.

Private limited company -Articles of Association requiring extraordinary general meting to be called by Directors or Director of company-Company comprising two Directors, J & D only, both at loggerheads with each other-J, holding majority of shares but residing out of Pakistan, desirous of calling extraordinary general meeting for purpose of removing D from office of Director

D unwilling to call such meeting-Court, in circumstances, justified in terms of S. 79(3) to call extra-ordinary general meeting on application of J-Expression "the Court may . . . . order a meeting of company to be called, held and conducted in such m inner as the Court thinks fit" has a wider scope-Court may modify Articles of Association, as to quorum or voting by proxy in regard to such meeting-Court whether In exercise of powers wader S 79(3) could modify or supplement Articles of Association and thus prescribe and settle the mode in which proxies, could be used in proposed meeting.