PHC de-notifies all company benches
According to the notification No. 244-3, dated July 4, 2025, the Chief Justice of the Peshawar High Court has exercised powers under Sub-Section 4 of Section 5 of the Companies Act, 2017 to implement the change.
All matters falling under the Companies Act, 2017 pertaining to the whole province of Khyber Pakhtunkhwa shall be dealt with by the Honourable Company Bench at the Principal Seat of the Peshawar High Court, said the notification.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
18 hours ago
- Business Recorder
Aga Khan meets French President Macron
PARIS, FRANCE: His Highness the Aga Khan Friday began an official visit to France at the invitation of President Emmanuel Macron. The Aga Khan's visit is the first in a series that will take him to countries in which the Ismaili Muslim community resides, following his accession to the Ismaili Imamat earlier this year. His Highness was received at the Élysée Palace by President Macron for luncheon and private discussions. His Highness was accompanied by his uncle, Prince Amyn Aga Khan, his two brothers, Prince Hussain Aga Khan and Prince Aly Muhammad Aga Khan, and leaders of his institutions. Three agreements were signed at the Élysée: Agreement between the French Republic and the Ismaili Imamat. The agreement reinforces a long-standing and deep relationship. It spans the domains of development investment, humanitarian support, health care, education, higher education and research, culture and the arts, agriculture development, food security, infrastructure, environmental protection and the fight against climate change, and social cohesion. It also facilitates dialogue and cooperation in matters of international relations, with the aim of fostering peace and stability, reinforcing respect for pluralism, developing a strong and effective civil society, and promoting interfaith dialogue. The agreement recognises the presence of the Ismaili Imamat in France, including through official representation between the two parties and a joint coordinating committee. Declaration of Intent to Cooperate in Syria. France and the Ismaili Imamat signed a declaration confirming their intention to cooperate for the successful and peaceful transition in Syria, protection of human dignity, rebuilding resilience, and resettling displaced people. Cooperation will include responses to the urgent need for humanitarian assistance and investments in the foundation for the sustainable, long-term development of the country, including rebuilding the economy through agricultural support and entrepreneurship; reinforcing the healthcare system; and providing cultural support to create employment and catalyse economic growth. Declaration of Intent to Cooperate in the Indian Ocean Region. France and the Ismaili Imamat signed a declaration of their intention to cooperate on the regeneration of coastal zones and marine ecosystems in the Indian Ocean region. Notably, this initiative will include support for the reconstruction and sustainable development of Mayotte. Copyright Business Recorder, 2025
Business Recorder
2 days ago
- Business Recorder
PHC de-notifies all company benches
PESHAWAR: The Peshawar High Court has issued a notification de-notifying all Company Benches previously constituted at all benches of the Court. According to the notification No. 244-3, dated July 4, 2025, the Chief Justice of the Peshawar High Court has exercised powers under Sub-Section 4 of Section 5 of the Companies Act, 2017 to implement the change. All matters falling under the Companies Act, 2017 pertaining to the whole province of Khyber Pakhtunkhwa shall be dealt with by the Honourable Company Bench at the Principal Seat of the Peshawar High Court, said the notification. Copyright Business Recorder, 2025
Business Recorder
3 days ago
- Business Recorder
Erstwhile tribal areas: PHC bars FBR from penalising 5 firms
ISLAMABAD: Peshawar High Court (PHC) has stopped Federal Board of Revenue (FBR) from penalising five companies within the jurisdiction of erstwhile tribal areas, which failed to conduct electronic sales tax integration with the FBR's system. In this regard, the PHC has issued an order against the FBR. These five companies are engaged in the manufacturing process and are covered under the jurisdiction of erstwhile tribal areas. According to the PHC order, comments are called from the FBR and others so as to reach this court within fortnight and thereafter the case shall be fixed for hearing. Petitioner companies have pleaded that the FBR is forcing the companies to purchase software and hardware for sales tax invoice generation and electronically integrate their hardware and software with the FBR's computerised system through licensed integrators. Notice has been issued to the FBR for July 15, 2025. In the meanwhile, no adverse action shall be taken against the petitioner companies, the PHC's order added. Copyright Business Recorder, 2025
