Failure to comply with section 227 of section 227 and 229 Companies Ordinance, 1984 Company, Section 227 of the Company Ordinance, 1984 required the transfer of all funds or securities deposited by its employees, Employees were submitted with them in compliance with service contracts. This Company is to be opened in the Scheduled Bank in a particular account within fifteen days from the date of such accrual and no part of this amount can be used by this Company, except as per the Employment Agreement. In the event of a violation. The employees provided in this agreement, after notice to the employees, had kept a separate bank account for the provident fund, but the payment was made through the company's bank account that was used for the general operations company. It blended its usual practice with the spirit of the Provident Fund Account and the Ordinance of Companies, 1984, in connection with the provision of a separate bank account of the Provident Fund, in this regard the protection of the funds deposited by the employees. Detection and transparency of payments / deposits offered by the Provident Fund Account Company. Pruuydnt to collect cash for the fund, the essence of the provisions of Section 227 violation. The Companies Ordinance, 1984, and the purpose of maintaining a separate bank account of the Provident Fund, had failed in the bank statement of the Provident Fund for the relevant period, indicating that some of the huge sums had been returned, I can't get that back. The company terminated the employment agreements with the usual provident fund account
Related judgments — Securities and Exchange Commission of Pakistan, 2014
