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(a) XYZ Group is planning to shift the registered offices of three (3) of its companies (i) A Limited from Lahore to Islamabad, (ii) B
(a) XYZ Group is planning to shift the registered offices of three (3) of its companies (i) A Limited from Lahore to Islamabad, (ii) B Limited from Hyderabad to Karachi and (iii) C Limited from Peshawar to Multan. They are interested to know whether it would be necessary to seek confirmation of the Commission at any stage of the process of this shifting. What is the provision of law in this regard? Whether confirmation of the Commission would be required or not in the given situations? Discuss.
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