Pakistan's Security and Exchange Commission (SECP), approved by the federal government, notified the rules for corporate restructuring companies in 2019. The enactment of the rules provided institutional preparation and legal procedures for the revival and rehabilitation of potentially viable companies.
Corporate Restructuring Company
This rule was notified in accordance with Article 15 of the Corporate Restructuring Company Act of 2016. Previously, the law was passed by Congress to stipulate the establishment, licensing and regulation of corporate restructuring companies, and the way they conduct business. The new law introduced is recognized as an innovative step in the acquisition, management, restructuring and resolution of bad assets of financial institutions.
In addition to the restructuring, revival and liquidation of financially struggling companies and businesses. Typically, corporate restructuring occurs when a company's organization encounters serious problems that put it at financial risk. The provisions of Article 4 of this Act prohibit the establishment or conduct of business of a corporate restructuring company, unless it is licensed by the Commission and registered as a public limited company.
Corporate restructuring companies are responsible for acquiring, managing and restructuring or disposing of the companies they are concerned with, their business and property. The restructuring company must also fund and foster afflicted company business and its property for rehabilitation, restructuring, reorganization or liquidation.
All illnesses can relieve defendants
In the light of the observations of the vertex court, he said, "Not all illnesses can relieve defendants who can be released from prison." Rapid trial on suspects suffering from hemorrhoid problems and recently released on bail for medical reasons. The Narcotic Antinarcotics Agency (ANF) Rawalpindi arrested Sid Paras Ali last December 4th. The ANF filed Callan on charges of prosecution in the Drug Administration Law Court in Islamabad.
The defendant filed the defendant's bail for court in January of this year, but the application was denied. In February, the Islamabad High Court rejected his bail request and the Supreme Court refused to grant him bail. Apex Court previously said that 'not all diseases have been charged with bail. The defendant filed a petition before the Islamabad High Court demanded bail for medical reasons.
His lawyer Chaudhry Mushtaq Ahmed insisted in front of the court that his client is suffering from hemorrhoids and his condition is getting worse every day. A lawyer told the court because his client was recently shot and a bullet was stuck in his abdomen.
After treating his bullet-related injury, his client developed a hemorrhoid problem. However, the prosecution ruled that the accused had been properly treated in the hospital and that included medication for the injury.
The prosecution also argued that
The medical committee assessed the defendant's condition and was in the opinion that he was not in a critical or serious condition. The cleavage bench of the court heard the opinions of both sides and the defendant said, “Because the gun injury in the lower abdomen was not able to manage daily work… He suffered from bleeding at work and found that his weight dropped dramatically.
In this situation, the proposed treatment seems impossible at the prison. Thus, on August 8, the court was charged with giving a total of 200,000 rupees of bail. ANF objected to this verdict before the Supreme Court.
In this situation, the proposed treatment seems impossible at the prison. Thus, on August 8, the court was charged with giving a total of 200,000 rupees of bail. ANF objected to this verdict before the Supreme Court.
The Supreme Court's three-person bench, which consists of Supreme Court Manzoor Ahmed Malik, Sajjad Ali Shah and Qazi Mohammad Amin Ahmed, was ruled on October 17, and the suspect was found to have attempted to secure bail and bail in the past. The court gave him one.
Bench reviewed his medical report
Hemorrhoids suggest a serious health disorder other than hemorrhoids or do not require treatment that is impossible at a prison hospital. We do not offer any special procedures to respondents. However, the Supreme Court did not agree with the reasoning for granting bail after his initial bail application was dismissed.However, the court pointed out that it is not appropriate to recall bail because the trial has begun and soon the conclusions can be made and the concessions have not been abused.
The federal government on Sunday
On Sunday, the federal government welcomed the decision by Jana-F (Jamiat Ulema-i-Islam-F) Chief Maulana Fazlur Rehman not to march to D-Chowk around the sensitive Red Zone or Prime Minister, except for the resignation of PM. Opposition parties oppose through dialogue for national improvement. Prime Minister Lee Min-khan repeatedly said he would not make concessions similar to the National Reconciliation Ordinance to leaders of opposition parties facing corruption earlier this day.
We are ready to save the face of Maura Nasahib," a special adviser to Prime Minister Ashikh Awan, a late-informed news minister at the late-night press conference with Religious Minister Haak Cad Lee, who is detained by the government governor. The government clearly adopted a policy of carrots and sticks.
Dr. Awan, on the other hand, praised JUI-F governor's decision, but on the other hand, about challenging the country's territory and religious cards, and expelling the country's moderate and progressive face against seminary students. Criticized him. government. The prime minister decided to meet the democratic demands of the opposition parties through a dialogue process, she added.
Khan added Monday that he will preside at the National Assembly of Pakistan's Governor General PTI. To determine what concessions can be made to the opposition. PM's aide welcomes Fazl's decision to avoid marching to D-Chowk
We welcome Maulana sahib to withdraw from the ultimatum and advance to D-Chowk. Sit with us if you want election and parliamentary reform. But we will never let the state become hostage, ”she said.
Earlier, the Prime Minister tweeted
The opposition wants to hear only three letters from the NRO." But adding relief to the opposition would add up to betrayal with Pakistan. He vowed never to speak as these three letters correspond to "conversation with the state." He said that "corrupted" opposition leaders cannot advance the state unless they take responsibility.
But Dr. Awan praised him for not sitting in the seat of two major opposition parties, the Pakistan Muslim League-N (PML-N) and the Pakistan People's Party (PPP), JUI-F. Despite political differences, both sides set benchmarks by rejecting Maulana's story.
She said
JUI-F's Azadi march damaged the cause of Kashmir and the gentle image of emerging Pakistan at the international level. She also criticized the JUI-F director for personal attacks on PM Khan. She regretted that Maulana called PM “the agent of Israel” and used a religious card to meet his Maulana design.Religious Minister Norul Haq Qadri also condemned the accusation against Prime Minister A Mahdi's community patrons, and said that his love for the Prophet Muhammad (PBUH) always supported PM Khan. We are ready to meet the true needs of Maulana sahib, but not the illogical needs.
The minister said
He is hosting an international conference on the Prophet Muhammad (PBUH) and will invite the JUI-F director. Dr. Awan urged Maulana to switch the JUI-F sitin to the Mehfil-i-Milad. "[Maulana] will be applauded by people by doing this," she said. Earlier, in addition to placing barricades and large containers on other roads, authorities blocked the Red Zone of Islamabad, which has important state buildings and the Supreme Court.
More than 2,000 police, rangers and FC agents have been deployed in the Red Zone and Vanilla areas, and Mr. Khan lives in his private home. In addition, about 3,000 police officers from Lahore and Khyber Pakhtunkhwa increased their security with investigations and armored vehicles. In recent years, the number of additional police officers in the federal capital has soared to 10,000.
They are equipped with 10 armored vehicles, 10 police prisons and 3 water cannons. Islamabad police and Pakistan Rangers had a flag march in the capital. Sources said the police had a four-story security plan to stop the police when trying to move to the sealed Red Zone.
They are equipped with 10 armored vehicles, 10 police prisons and 3 water cannons. Islamabad police and Pakistan Rangers had a flag march in the capital. Sources said the police had a four-story security plan to stop the police when trying to move to the sealed Red Zone.
Mountain Range-Hideree Conference
Meanwhile, Senator Sadik San Jarani met with JUI-F leader Abdul Gapoer Hyderi to discuss how the issue between the opposition and the government could be solved. Parliament Chairman Asad Qaiser and Defense Minister Pervez Khattak were also reportedly in contact with opposition leaders in this regard.
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