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HASHMI CAN COMPANY LIMITED versus DIRECTOR (ENFORCEMENT) SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN


Sections 227 and 472 Securities and Exchange Commission of Pakistan Act (XLI of 1997), Section 33 Provident Fund Payment Failure to submit payment due against Provident Fund, was not paid by the Company, the Commission filed against the Company. In addition to imposing fines, the Appellant was instructed under Section 227 (3) of the Company Ordinance, 1984 to pay monthly contribution to the Provident Fund, in addition to the penalties imposed by the commission. Do it within time. The court allowed the sale of the said land under the auspices of the Government for the sale of 5 acres of land for the payment of foreclosure fund obligations and the appellant had requested the court that Keep the defective order separate. Despite the directive of the work that the Provident Fund was unable to pay the mission, the best course for the recovery of the fund was the sale of the property as per a court order by a government official.

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