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MESSRS PHARMAGEN LIMITED: IN THE MATTER OF versus MESSRS PHARMAGEN LIMITED: IN THE MATTER OF

Failure to pay the Provident Fund Trust, Sections 227, 229 and 476, the payment of fines payable to the Provident Fund Trust by the Company was withheld and the companies did not pay the said funds under Section 227 of the Ordinance, 1984 Company Default and submitted that due to financial and liquidity concerns in the relevant year, the company representative requested condolences on unwanted and unintentional violations of the Companies Ordinance, 1984, and the repayment schedule Had sought approval from the Commission for It was advised by the company's directors that the funds were not paid in cash due to liquidity; this was not feasible because the company had to pay employees' contribution as well as its own contribution. It was also obligatory to make the payment within fifteen days from the date. The main purpose of Sections 227 (2) and (3) of the Companies Ordinance 1984 was to assemble the Company / Trustees in a safe / secure mode of investment / reserves allowed under Companies 22 Ordinance, Section 227 (2) of the 1984 Ordinance. Remove employees' funds to submit a contribution to because these directors violated the prerequisites of section 227 of the Companies Ordinance 1984. They failed to ensure timely payment of the Provident Fund. They were required to take action under Section 229 of the Companies Ordinance 1984, which could also impose a fine of Rs 5,000, and to pay the loss. Will also be responsible. Such breach caused employees to consider that the company had taken a default admission which also ensured that the company's power of attorney advocate FR Bannu lawyer