Corporate DisclosureAIL
AIL Corporate Disclosure — 14 November 2021
Announcement summary
- What happened
- AIL published a corporate disclosure on 14 November 2021. Read the full announcement for details.
- Company
- Alif Industries Limited
- Announcement published
Original announcement
(Continuation news of AIL): The company did not follow appropriate guideline for Workers Profit Participation Fund (WPPF) in accordance with Bangladesh Labour Act & Rules-2015. The company did not form a separate account and did not transfer the fund to workers through banking channel within stipulated time. This is a noncompliance of section-234 of Bangladesh Labour Act & Rules-2015. In addition, as a 100% export oriented company of RMG sector in Bangladesh, (cont.3)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 6190b99103147376ea9bd956
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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