Find a Lawyer

UNITED BRANDS LIMITED versus

Failure to pay the funds payable in accordance with Sections 227, 229 and 476 Provident Fund, checking the company's annual accounts for the relevant year, this company did not pay the staff provident fund in compliance with this process. Was The provisions of section 227 of the Companies Ordinance, section 227 of the Companies Ordinance, the provisions of section 227 of 1984, which were clear and clear, were to secure the employees' provident fund amount through the company, and this fund was used for their use and profit. The only law required for employees was to deposit all of the money contributed by the employees, including profit / interest, to the separate bank account in accordance with the provisions of section 227 (1) (2). Or should be invested. The Companies Ordinance, 1984 where a trust was created for this purpose, was the responsibility of the company to pay employees in future contributions to it. Within fifteen days from the date of collection, the trustees did not allow their own partnership law to allow any company to use Provident Fund funds for their own business purposes, action was required under section 229 of the Companies Ordinance, 1984 Under which a fine could be imposed. Up to five thousand. However, keeping in view the commitment of the Fund to be established by the Company with confidence and by the authorized representatives, it is assured that all funds of the Fund including the markup collected on the Fund's balance will be transferred to the Fund. ? With the law, instead of imposing penalties on company directors, he warned them to observe the law in accordance with the letter and spirit in the future. advocates from Multan lawyer