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Karachi, December 12, 2012 (PPI-OT): This refers to our dated November 19, 2012.
As required, we are enclosing herewith a copy of Securities and Exchange Commission of Pakistan’s letter No. EMD/233/271/2002-684-691 dated November 26, 2012 containing approval of Securities and Exchange Commission of Pakistan allowing extension in time upto December 31, 2012 for holding the subject Annual General Meeting of the company.
Enforcement Department Company Law Division
| S. No | Name | Address |
| 1. | Mr. Muhammad Farooq Sumar, Chairperson | |
| 2. | Ms. Sabhia Sumar, Chief Executive | |
| 3. | Mr. Muhammad Mukhtar Sumar, Director | Mohammad Farooq Textile Mills Limited |
| 4. | Mrs. Naheed Mukhtar Sumar, Director | Plot 6 and 7, Sector 21, Korangi Industrial |
| 5. | Mrs. Faiza Imran Ahmed, Director | Area, Karachi. |
| 6. | Mr. Shahbaz Sumar, Director | |
| 7. | Mr. Muhammad Selman Hussain Chawla, Director | |
| 8. | Mr. Mohammad Farooq Textile Mills Limited |
Direction under Section 170 of the Companies Ordinance, 1984
Please refer to the application dated November 14, 2012 of Mohammad Farooq Textile Mills Limited, (the “Company”), in terms whereof the Company has sought direction of the Commission under the provisions of Section 170 of the Companies Ordinance, 1984, (the “Ordinance”). for holding of its overdue Annual General Meeting (“AGM”) for the year ended on June 30, 2012.
2. In connection with this, I hereby direct you, In terms of Section 170 of the Ordinance, to convene the overdue Annual General Meeting (“AGM”) of the Company for the year ended June 30, 2012 latest by December 31, 2012 and to lay therein the annual audited accounts for the year then ended for consideration and approval by the shareholders.
Please note that it is the responsibility of the Company’s management to comply with all the legal requirements regarding holding of AGM including but not limited to publishing and circulation of notice and annual audited accounts not later than twenty one days before the date of the AGM.
The Company is further advised to file the printed annual report for the year ended June 30, 2012 and also submit, within thirty days from the date of the AGM, a compliance report along with certified true copies of the minutes of the AGM.
3. It may also be noted that the direction is being given without prejudice to the proceedings that may be initiated as a consequence of the default committed by the Company and its management in complying with the provisions of Sections 158 and 233 of the Ordinance.
For more Information, contact:
Ali Azeem Ikram
Director (Enforcement)
Mohammad Farooq Textile Mills Limited
Plot 6 and 7, Sector 21,
Korangi Industrial Area, Karachi
P.O. Box: 4628
Tel: (021) 5011571-5, 5023006-8,
Fax: (021) 5011607, 5015498,
E-mail: mftml@cyber.net.pk
Web: www.mohammadfarooq.com.pk