PAKISTAN PVC LIMITED versus
Failure of Sections 227, 229 and 476 of the Company revealed that the Company's annual audit account penalty in depositing the amount payable to the Provident Fund Trust in accordance with the Act disclosed that the amount paid by the Company to the Provident Fund Trust. Was not done Under section 227 of the Companies Ordinance, the 1984 company made a default admittance, but the company had suffered severe financial crises since its in 1992 private and it was further expressed that the company Employees are in litigation regarding payment. The final liability, including payment of provident fund, precludes the management of the company from using any part of the fund as a contribution to a provident fund for the purpose of correcting the commissions of section 227 of the Communications Commission Ordinance, 1984. Was. And the money collected from the employees of the Company for the benefit of the Company only. Securing Company Law Employees required that when a trust was created by a company in connection with a Provident Fund, the Company had a responsibility to provide that trust within fifteen days from the date of receipt of that amount. Including partnerships. The amount deposited by the employees as a contribution to the Provident Fund was in the form of a trust money in the hands of the company and the same amount would have to be paid to the trustees within a specified time, while the trustee was responsible for investing the funds. Were. According to the provisions of the law, the directors of the company admit that liquid was not paid to the trust due to liquidity crisis, was not feasible. Payment of provident fund was not given by the company.
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