01-26-2005, 05:12 AM
Hi,
Company is a seprate legal entity...
but in Pakistan in lot of conditions the limited liability of shareholders and directors becomes the unlimited liability...for an example if the company cannot meet its obligations in respect of income tax then the tax authorities can recover that liability from its directors and from the shareholders who have 10% or over shares in the company...
Ace
Company is a seprate legal entity...
but in Pakistan in lot of conditions the limited liability of shareholders and directors becomes the unlimited liability...for an example if the company cannot meet its obligations in respect of income tax then the tax authorities can recover that liability from its directors and from the shareholders who have 10% or over shares in the company...
Ace
