Corporate DisclosureINTECH

INTECH Corporate Disclosure — 1 June 2014

Published
Last verified by BullBD

Announcement summary

What happened
INTECH published a corporate disclosure on 1 June 2014. Read the full announcement for details.
Company
Intech Limited
Announcement published

Original announcement

(continuation of news of INTECH): 2.0 The company does not maintain Beneficiaries Profit Participation Fund by set a siding net profit year to year as required by Labour Laws of the country. 3.0 The closing balance of cash in hand was Tk. 4,538,053 as on 31 December 2013, which appears to be abnormally high. We were not provided with any cash custody certificate by the management. 4.0 We could not verify quantity, quality and existence of inventory of Tk. 5,524,500 as on 31 December 2013. The provisions for BAS-2 (Inventories) have not been followed for valuation of inventory. (End)

Source & verification

Source
Published company disclosure
Published through
Dhaka Stock Exchange
Announcement ID
616acf6b5a6b000040065f72
Original publication
Last verified by BullBD
Translation
BullBD
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