State Bank Of Pakistan

The directors of a company by resolution passed by not less than three-fourths of the total number of directors may remove a chief executive before the expiration of his term of office. Reinsurance premia on policies issued and reinsured on or after 25th May, 1973 for sums over Rs. 3.5 lacs in respect of death risk only. Exchange facilities for reinsurance will be given only to branches or offices of insurance companies in Pakistan doing business on their own account. Such facilities will not be given to agents of non-resident companies who book business on account of the non-resident companies. Claims arising under the policies covering exports from Pakistan are payable to the shippers in cases where the proceeds have not been realised from the overseas importers. Where the payments have been received by the shippers, the claim can be paid to the overseas importers.

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Moreover, the continuing directors are required to take immediate step to hold the election of directors and in case of any impediment report the circumstances of the case to the registrar within fifteen days of the expiry of the term laid down in section 180. National Insurance Company Limited is authorised to issue foreign currency policies against imports financed by P.I.C.I.C./I.D.B.P. The Exchange regulations governing insurance business entered into in Pakistan are set out in this chapter. Branches and agencies in Pakistan of insurance companies whose head offices are situated abroad are, for Exchange purposes, subject to the same regulations as insurance companies registered in Pakistan. Passed courses totalling at least 130 credit hours, including all those courses which have been specified as Core courses.

Adviser For Commerce, Textile, Industry & Production And Investment

The directors of every company are required to lay before the company in annual general meeting audited balance sheet and profit and loss account etc. The directors shall from time to time determine whether and to what extent and at what time and places and under what conditions or regulations the accounts and books or papers of the company or any of them shall be open to the inspection of members. The directors can decide to maintain books of accounts at a place other than the registered office of the company.

The company runs all of its affairs from United Kingdom and is officially registered in London. Find the list of Top Best General Business Companies in Pakistan on our business directory.

At least five certified copies of the statutory report are also to be delivered to the registrar for registration. Any director may apply to the Court for a declaration that any shares have been allotted for inadequate consideration. The Directors of the company have the right to obtain loan from the company subject to fulfillment of certain requirements. We deliver lectures on tyre care to drivers and service people.

The Directorate General of Trade Organizations is located at State Life Building No 7 , Blue Area, China Chowk , Islamabad. The directors shall approve, and the Chief Executive and at least one director shall sign, the balance sheet and profit and loss account or income and expenditure account of the company. The directors of a company are required to fix the number of elected directors of the company not later than thirty-five days before the convening of the general meeting at which directors are to be elected.