Sections 227, 229 and 476 Securities and Exchange Commission of Pakistan Act (XLI of 1997), failure to collect Section 33 Provident Fund amount, the execution of penalty appeal against the company's annual accounts checking proved that the amount The Provident Fund was payable The Company, which was not submitted by law to the Company, was recognized by the Company and its Directors, but claimed that the Company was entitled to the Provident Fund Value of the Provident Fund Value. Was paying interest on the loan taken from him. In no way did the director impose a fine on the company and each of its directors for violating the mandatory requirements of section 227 of the Companies Ordinance, 1984, for the purpose of correcting section 227 of the Companies Ordinance, Employees' Provident Fund. Had to be secured. And to ensure that it was not eliminated due to any disappointment of the Company, which was under a duty to protect the Company's directors, only to fund the violation of Section 227 of the Companies Ordinance, 1984 Should not be left free on the basis that the company was willing to pay the outstanding dues under the provident fund, in the present case, the loan was distributed to the company. The Provident Fund, which was a clear violation of section 227 of the Companies Ordinance, 1984, was amended by the Director's right to seek, in the terms of the Penal Code, section 229 of the Companies Ordinance 1984.
Related judgments — Securities and Exchange Commission of Pakistan, 2010
