GHARIBWAL CEMENT LIMITED versus DIRECTOR (ENFORCEMENT), SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN
Sections 227, 229 and 476 of the Securities and Exchange Commission of Pakistan Act (XLI of 1997), section 33 of the forthcoming trust company ordinance, of the management of company-related provident funds on failure to comply with the provisions of the Company's annual audit accounts of 1984 For the relevant year, it was disclosed that in response to this question, the markup company had disclosed $ 5 million payable to the Provident Fund Trust, offering a loan agreement with the trust company because of its debt. The agreement was not executed. It did not pay its debt with the commission's markup director (enforcement) under which it was ordered to appear softly on the chief executive officer, where a trust was formed to manage the provident fund, This responsibility was imposed on the Company under Section 227. (2) The Companies Ordinance, 1984, will depend on the Trustees and the Company will terminate through them, rather than the Onus, to handle matters of the Trust, which is entirely dependent on the Trustees, which is the Companies Ordinance, 1984, Department of Trustees. 227 (2) was required to deal with the funds, in the present case, the contract with the company and the amount of money in contravention of the requirements of section 227 (2) of the 1984 Companies Ordinance, Was restricted to use only in the manner in which the trustees' error was admitted to the Commission Trustees. Failure to comply with the Companies Ordinance, 1984. And they were demanded to comply strictly with the requirements of section 227 (2) of the Companies Ordinance 1984
Related judgments — Securities and Exchange Commission of Pakistan, 2012
