Section 11: Adoption of balance sheet — Hydrogenated Vegetable Oil Industry (Control and Development) Act, 1973

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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11. Adoption of balance sheet.—In case of a managed establishment owned or controlled by a company, the general meeting of the company before which a balance sheet is laid shall not, if the Federal Government by order in writing so directs, have the authority to refuse to adopt the balance sheet, but nothing in this section shall be construed to prevent any shareholder from expressing his views on the financial affairs of the establishment and a record of the proceedings of such meetings shall be forwarded to the Federal Government not later than fifteen days of the meeting.

Effective date: 1973-01-01

Related sections

Section 10: Officers, etc., of the Board Section 12: Regulations Section 9: Funds of the Board Section 13: Delegation of powers etc Section 8: Functions of Boards Section 14: Acquisition of shares

Version hydrogenated-vegetable-oil-industry-control-and-development-act-1973~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.