Legal advisors cornelius lane mufti nawa e waqt

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Legal Advisors: Cornelius, Lane & Mufti, Nawa-e-Waqt Building, Shahrah-e-Fatima Jinnah, Lahore. Bankers: United Bank Limited. MCB Bank Limited. National Bank of Pakistan. The Bank of Khyber. Bank Al-Habib. Habib Bank Limited. Bank Alfalah Limited.
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4 The 50 th Annual General Meeting of the Company will be held on 29 October 2013 at 11.00 am at Avari Hotel, 87-Shahrah-e-Quaid- e-Azam, Lahore, to transact the following business: - Ordinary Business: 1. To confirm the minutes of Annual General Meeting held on 30 October 2012. 2. To receive and adopt the Audited Financial Statements of the Company for the year ended 30 June 2013 together with the Directors’ and Auditors’ Report thereon. 3. To consider and, if thought fit, approve the cash dividend @ Rs. 10/- per share, i.e., 100 % and bonus shares @ 10% i.e. one ordinary share for every ten shares held by the existing shareholders, as recommended by the Board of Directors for the year ended 30 June 2013. 4. To appoint External Auditors of the Company for the year 2013-14 and to fix their remuneration. 5. To transact any other business with the permission of the Chair. Special Business: 6. To give effect to the issue of bonus shares, as recommended by the Board of Directors, consider and, if thought fit, pass, with or without modification, the following resolution as an ordinary resolution: “Resolved that a sum of Rs. 6,600,000/- be capitalized out of the free reserves of the Company and applied towards issue of 660,000 ordinary shares of Rs. 10/- each as fully paid bonus shares, ranking pari passu with the existing shares, in the proportion of one (01) ordinary share for every ten (10) ordinary shares held by the members whose names appear in the Members Register at the close of the business on 21 October 2013. Further resolved that the Chief Executive and/or Company Secretary be and is/are hereby authorized to give effect to the resolution and to do and cause to be done all acts, deeds and things that may be necessary or required for issue and distribution of the said bonus shares.” A statement under section 160(1)(b) of the Companies Ordinance, 1984 pertaining to the Special Business referred to above, is given in this Notice of Meeting. By Order of the Board Lahore: Faisal Ahmad Nisar 25 September 2013. Company Secretary Notice of Meeting Notes: 1. The share transfer books of the Company will be closed from 22 October 2013 to 29 October 2013 (both days inclusive), for determining the entitlement of dividend. 2. A member entitled to attend and vote at the Annual General Meeting is entitled to appoint a proxy to attend and vote on his/her behalf. Form of proxies, in order to be valid, must be received at the Registered Office of the Company not less than 48 hours before the meeting. 3. No person shall act as proxy unless he/she is a member of the Company, except that a corporation may appoint a person who is not a Member.
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