EX-CHIEF EXECUTIVE OF DANDOT CEMENT COMPANY LIMITED versus
Failure to transfer regular provident fund contributions to Sections 227, 229, 476 and 495 Provident Fund Trust Under the terms of section 227 of the Companies Ordinance 1984, the company was required to pay the Provident Fund Contribution. Was given to The 15-day depository company also had to pay for the provident fund's prior obligations, examining the company's annual audited accounts for the relevant year, revealing that the company's auditors had failed to account for the company's failure. Had qualified their report. The existing provident fund partnership and the provident fund trust move past liabilities within a stipulated time, violating the mandatory provisions of Sections 227 and 495 of the Companies Ordinance, 1984, and under the Companies Ordinance, Sections 229 and 495 of 1984 The penal provisions were attracted so action was required. The provisions of the Companies Ordinance, 1984, laid down and given the circumstances, the matter was taken and instead of imposing a maximum penalty, Rs. 5000 under section 229 of the Companies Ordinance 1984 and the said ordinance was given by the company. Was hired by a former chief executive of r \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2009
