| Case ID |
463e4e30-abda-4335-a62b-6fcd1664f3be |
| Body |
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| Case Number |
Judicial Miscellaneous No.31 of 1986 |
| Decision Date |
Dec 14, 1986 |
| Hearing Date |
|
| Decision |
The case involved a delay of 8 days in submitting information regarding the registration of a mortgage deed to the Registrar. The Registrar had no objection to the extension of time requested by the petitioner but sought to penalize the petitioner for negligence under Section 134 of the Companies Ordinance. The petitioner explained that the mortgage deed was registered on July 27, 1986, but was only delivered to him on August 26, 1986, and the information was conveyed to the Registrar on September 24, 1986. The court acknowledged the delay but decided to condone it, imposing a penalty of Rs.500 under Section 134, which the petitioner was directed to deposit according to the rules. The petition was disposed of accordingly. |
| Summary |
This case highlights the procedural intricacies involved in the registration of mortgage deeds under the Companies Ordinance, 1984, particularly focusing on the implications of delays in submission to the Registrar. The Sindh High Court addressed a situation where the petitioner faced a delay of 8 days in submitting required information regarding a mortgage deed. The court's decision to condone the delay, while imposing a penalty, underscores the balance between strict compliance with legal timelines and the practical realities faced by petitioners. The ruling serves as a crucial reference for legal practitioners dealing with corporate compliance and the Companies Ordinance, ensuring that similar future occurrences are managed with due diligence. Key phrases such as 'Companies Ordinance', 'mortgage registration', and 'legal compliance' are pivotal for understanding this case's relevance in corporate law. |
| Court |
Sindh High Court
|
| Entities Involved |
MAYMAR HOUSING SERVICES (PRIVATE) LIMITED
|
| Judges |
SAEEDUZZAMAN SIDDIQUI, J
|
| Lawyers |
Zaki Muhammad
|
| Petitioners |
Zaki Muhammad
|
| Respondents |
MAYMAR HOUSING SERVICES (PRIVATE) LIMITED
|
| Citations |
1987 SLD 132,
1987 MLD 307
|
| Other Citations |
Not available
|
| Laws Involved |
Companies Ordinance, 1984
|
| Sections |
121,
134
|