Karachi: We enclose herewith copy of direction under section 170 of the Companies Ordinance 1984 received from SECP vide Letter No. EMD/233/426/2002-679-686 dated December 8, 2011 directing us to hold the AGM by January 14, 2012.
Accordingly, we now wish to hold AGM on Saturday January 14, 2012 at 11: 30 am at the registered office of the company at plot No HE -I, Landhi Industrial Area, Karachi.
Kindly accord your approval for holding the AGM as mentioned above.
|1.||Mr. Mehmood Ali Mekhari, Director||
Metropolitan Steel Corporation
Plot No. HE-1
Landhi Industrial Area,
Karachi – 75120
Fax No. 021-581425
|2.||Engr. Syed Asghar Jamil Rizvi, Director|
|3.||Mr. Muhammad Jamil Dedhi, Director|
|4.||Mr. Muhammad Shakil, Director|
|5.||Mr. Khawaja Maudood Ahmed, Director|
|6.||Mr. Abdul Razzak Noor, Director|
|7.||Mr. Muhammad Omer Mekhari, Director|
|8.||Metropolitan Steel Corporation Limited|
Re: Directions under Section 170 of the Companies Ordinance, 1984
Please refer to your letter dated November 28, 2011. In this connection it has been observed that M/s Metropolitan Steel Corporation Limited (“Company”) has not held its annual general meeting till date, which should have been held on or before October 31, 2010 in accordance with the provisions of Section 158 of the Companies Ordinance, 1984 (“Ordinance”).
2. Therefore, the Company is hereby directed under Section 170 of the Ordinance to convene its overdue Annual General Meetings for the calendar year 2010 by January 14, 2012 so as to lay therein the audited accounts, transact other business as required under the law and thereafter submit, within a week of the date of meeting so held, a compliance report along with attested copies of’ the minutes and the audited accounts so approved.
3. This directi6n shall be without prejudice to the penal and civil consequences of the defaults on the part of the Company and its management in making compliance within the period laid down under Section 158 and 233 lbid.
Approval of Date and Time for Holding the Annual General Meeting for the Year Ended June 30, 2011
We refer to our letter No GMF/CORP.AFF/KSE/2011/0150 dated December 14, 2011 and request you to read the year in the caption as Juno 30, 2010 instead of 2008.
For more information, contact:
Metropolitan Steel Corporation Limited
1st Floor, Plot No.HE-1,
Landhi Industrial Area,
Tel: 35081428, 35081 430