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PART
XV
REGISTRATION OFFICES AND FEES
466 Registration
officers:-
(1) For the purposes
of the registration of companies and other work under this Ordinance,
there shall be offices at such places as the Federal Government thinks
fit, and no company shall be registered except at an office within
the Province or Territory in which, by the memorandum, the registered
office of the company is declared to be established
(2) The Federal Government
may appoint registrars, additional, joint registrars, deputy registrars
and assistant registrars as it thinks necessary for the registration
of companies and performing other duties under this Ordinance, and
may make regulations with respect to their duties
(3) All assistant
registrars, deputy registrars, joint registrars and additional registrars
shall observe and follow the orders and instructions of the registrar
who is head of the organization for the registration of companies
in Pakistan
(4) The salaries and
other terms and conditions of service of the persons appointed under
this section shall be fixed by the Federal Government
(5) The Federal Government
may direct a seal or seals to be prepared for the authentication of
documents required for or connected with the registration of companies
(6) Any person may
inspect the documents kept by the registrar and any person may require
a certificate of incorporation or a certificate of commencement of
business of any company, or a copy or extract of any other document
or register or any part of any other document on register to be certified
by the registrar on payment of the fees specified in the Sixth Schedule
(7) Wherever any act
is by this Ordinance directed to be done to or by the registrar it
shall, until the Federal Government otherwise directs, be done to
or by the existing registrar of joint stock companies or in his absence
to or by such person as the Federal Government may for the time being
authorise; but, in the event of the Federal Government altering the
constitution of the existing registration offices or any of them,
any such act shall be done to or by such officer and at such place
with reference to the local situation of the registered offices of
the companies to be registered as the Federal Government may appoint
467 Production
of documents kept by registrar, etc:-
(1) No process for
compelling the production of any document or register kept by the
registrar shall issue from any Court except with the special leave
of that Court for reasons to be recorded; and any such process, if
issued, shall bear thereon a statement that it is issued with the
special leave of the Court so granted and state the reasons for grant
of such leave
(2) A copy of, or
extract from, any document or register kept and registered at any
of the offices for the registration of companies under this Ordinance,
certified to be a true copy under the hand of the registrar (whose
official position it shall not be necessary to prove) shall, in all
legal proceedings, be admissible in evidence as of equal validity
with the original document
(3) Notwithstanding
anything contained in any other law, no one shall, without the permission
of the Authority in writing, take over or remove any original document
or register from the custody of the registrar
468 Registrar
not to accept defective documents:-
(1) Where, in the
opinion of the registrar, any document required or authorized by or
under this Ordinance to be filed or registered with the registrar:-
(a) contains any matter
contrary to law, or does not otherwise comply with the requirement
of law;
(b) is not complete
owing to any defect, error or omission;
(c) is insufficiently
legible or is written upon paper which is not durable; or
(d) is not properly
authenticated;
the registrar may
either require the company to file a revised document in the form
and within the period to be specified by him or refuse to accept or
register the same
(2) Subject to the
provisions of sub-sections (3) and (4), if the registrar refuses to
accept any document for any of the reasons aforesaid, the same shall
not be deemed to have been delivered to him in accordance with the
provisions of this Ordinance unless a revised document in the form
acceptable to the registrar is duly delivered within such time, or
such extended time, as the registrar may specify in this behalf
(3) The registrar
shall, if he refuses to accept any document as aforesaid, communicate
his decision in writing to the company
(4) If registration
of any document is refused, the company may either supply the deficiency
and remove the defect pointed out or, within thirty days of the order
of refusal, prefer an appeal:-
(a) where the order
of refusal has been passed by an additional registrar, a joint registrar,
a deputy registrar or an assistant registrar, to the registrar, and
(b) where the order
of refusal has been passed, or upheld in appeal, by the registrar,
to the Authority
(5) An order of the
Authority under sub-section (4) shall be final and shall not be called
in question before any Court or other authority
469 Acceptance
of documents presented after prescribed time:-
(1) Where any document
required or authorised by or under this Ordinance to be filed or registered
with the registrar within a specified period is presented after the
expiry of such period, the registrar may, on payment by the company
or other person concerned of such additional fee as may be prescribed
by the Authority, not exceeding three times the amount of the specified
fee payable in respect thereof, accept the same
(2) No such document
as aforesaid shall be deemed to have been filed with the registrar
until the specified or prescribed fee, as the case may be, has been
paid in full
(3) The acceptance
of the document by the registrar under sub-section (1) shall not absolve
the defaulting company or other person concerned of any liability
arising from the default, delay in filing or other failure to comply
with the requirements of this Ordinance
470 Fees:-
(1) There shall be
paid in respect of the several matters mentioned in the Sixth Schedule
the several fees therein, for the time being, specified or such smaller
fees as the Federal Government may direct:
Provided that, in
the case of resolutions to which section 172 applies, not more than
one fee shall be required for the filing of more resolutions than
one passed in the same meeting if such resolutions are filed with
the registrar at the same time
(2) All fees paid
in pursuance of this Ordinance shall be accounted for to the Federal
Government
(3) Any document required
or authorised by this Ordinance to be filed by a company with the
registrar shall not be deemed to have been so filed until the fee
payable in respect thereof has been duly paid and either the original
receipt or other proof acceptable to the registrar has been furnished
to him
471 Power
of the Federal Government to prescribe fees chargeable by companies:-
The maximum limits
of fees to be paid to or charged by companies and liquidators from
members, creditors or other person for supply of copies of documents,
inspection of records and other services as are required to be provided
under this Ordinance shall be such as may be prescribed
472 Enforcing
compliance with provisions of Ordinance:-
(1) If a company,
having made default in complying with any provision of this Ordinance
or committed any other irregularity fails to make good the default
or undo the irregularity, as the case may be, within thirty days after
the service of a notice on the company requiring it to do so, the
Authority may, of its own motion or on an application made to it by
any member or creditor of the company, or a reference by the registrar
and, in the case of a listed company, besides other persons as aforesaid,
on a reference by the stock exchange, make an order directing the
company and any officer thereof, as the case may be, to make good
the default or undo the irregularity or otherwise make amends, as
the circumstances may require, within such time as may be specified
in the order
(2) Any such order
may provide that all costs of and incidental to the application or
reference shall be borne by the company or by any officer of the company
responsible for the default
(3) Nothing in this
section shall be taken to prejudice the operation of any enactment
imposing penalties on a company or its officers in respect of any
such default as aforesaid
473 Power
of Court, etc, trying offences under Ordinance to direct compliance
with the provisions:-
The Court, the Authority,
the registrar or other officer trying an offence for a default in
compliance with any provisions or requirements of this Ordinance may,
at any time during the pendency of the trial or at the time of passing
final order, direct, without prejudice to any liability,any officer,
auditor or employee of the company in respect of which the default
has been committed to comply with the said provisions or requirements
within such time as may be specified in the order.
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