Sections 227 and 229 were obliged to submit to the Provident Fund Account a late deposit of the Provident Fund Account Company under the provisions of section 227 of the Companies Ordinance, 1984, for the deduction of the Provident Fund amount. A 15-day period in a Provident Fund account, but the company failed to comply with the provisions of the law, and after a period of 15 days, the company admitted delays in addition to operating the company directors. The company and its business management also had certain "duty recognition" duties. And violating these legal duties would be a criminal offense, punished by fines or imprisonment directors, charged with the highest standard of accountability, which led them to be vigilant and There was a need to perform the duties. The Company Ordinance failed to perform its duties with the care and prudence of the law set out in section 227 of 1984, instead of imposing a fine provided under section 229 of the Company Ordinance 1984, the Company and its Directors Commission Can be imposed on Due to the fact that the company did not harm the interests of the employees of the company, the delay in transfer of funds to the Provident Fund, a strong warning was issued, and the company was convinced. That in similar cases compliance will be taken in the future, strict action will be taken against it. \ R \ n
Related judgments — Securities and Exchange Commission of Pakistan, 2013
