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2/2022 M.A. Mckinsey & Company Pakistan (Private) Limited (Appellant) V/S Securities and Exchange Commission of Pakistan (Respondent)

Sindh High CourtBanking & Corporate2023

Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author)

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2/2022 M.A. Mckinsey & Company Pakistan (Private) Limited (Appellant) V/S Securities and Exchange Commission of Pakistan (Respondent) Sindh High Court

Bench: Hon'ble Chief Justice Mr. Justice Muhammad Shafi Siddiqui(Author) Order Date: 13-FEB-23

It is nobody's case that holding company has discharged such obligations, if at all it is under such duty. It is not stated that the holding company has disclosed such data in the consolidated financial statements of the group and presented as those of single enterprise and that such would be within domain of SECP, so that the purpose of non-disclosure of the remuneration of CEO or director of the relevant company whose shares are being held, would be inconsequential.

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