Failure to transfer the Provident Fund Trust to Sections 227, 229, 476 and 495, the application of the German company, under the terms of section 227 of the Companies Ordinance 1984, was required to pay the Provident Fund contribution. The Commission was also required to pay its past due on the Provident Fund Trust for 15 days. But failing to do so, the chief financial officer, who was the authorized representative of the company, appeared and said that the default was not intentional. But the result of the company's poor financial position. However, he assured that the management of the company is very serious about paying company obligations under the Provident Fund Trust. He urged that the company should be allowed time that the money collected from the employees in a provident fund set up by the company is in the hands of the company in the form of a trust money and The trustees will have to pay the stipulated time. Section 227 of the Companies Ordinance, 1984 was intended to protect the employment funds of the Company / Trustees so as to comply with the provisions of the Companies / Ordinance, 1984, to contribute to the safe / secure methods of investment / reserves. ? The fact is, such funds were unsafe and employees would be the worst victims if a company went insolvent, in which case no such excuse could be allowed to withhold and no default would be neglected. Can be done Failure to comply with the requirements of section 227 of the Company Ordinance 1984 has been paid under the Provident Fund Contribution, under which the Company's directors are also reduced.
Related judgments — Securities and Exchange Commission of Pakistan, 2010
