THE COMPANIES ORDINANCE, 1972

Legal Proceedings

338. Where a company or an overseas company is a plaintiff in any action or other legal proceeding, and court having jurisdiction in the matter may, if it appears by credible testimony that there is reason to believe that the company or overseas company will be unable to pay the costs of the defendant if successful in his defence, require sufficient security to be given for those costs, and may stay all proceedings until the security is given.

339.  Where proceedings are instituted under this Ordinance against any person in any court nothing in this Ordinance shall be taken to require any person who has acted as banister, attorney or notary for the defendant to disclose any privileged communication made to him in that capacity.