Kashif holds 20% shares in the issued share capital of Crown Textile Limited (‘CTL’), a public unlisted company, which has made significant profits over the years. Kashif heard from another shareholder, Qasim, that over the past six months, three extraordinary general meetings were held to discuss the proposed merger of CTL with another company.Kashif had not received any notices of these meetings and had no knowledge of them. Kashif went to CTL’s registered office during business hours to enquire about this matter and check whether the members’ register contained his correct address. CTL’s company secretary informed him that he may come back next week. In spite of three more attempts, Kashif has not been allowed to inspect the register.Subsequently, an employee at the registered office has informed Kashif that the members’ register and other statutory books have not been maintained and other shareholders have also complained about this matter.Required:Under the Companies Ordinance, 1984, advise Kashif on the grounds on which he may seek winding up of CTL by the court, and his chances of succeeding in such a claim. (10 marks)
