Corporate DisclosureMERCANBANK
MERCANBANK Corporate Disclosure — 3 June 2021
Announcement summary
- What happened
- MERCANBANK published a corporate disclosure on 3 June 2021. Read the full announcement for details.
- Company
- Mercantile Bank PLC.
- Announcement published
Original announcement
The auditor of the Mercantile Bank Ltd has given the " Other Matter " paragraphs in the Auditor's Report for the year ended on 31 December 2020. Other Matter: As per Sec-232, Labor Act 2006 and as amended, if a company comply certain conditions as per said section of the Act then the company should establish a worker's pro?t participation fund (WPPF). MICL is eligible for establishing a WPPF as per said Act. However, they did not establish WPPF which is a non-compliance of the said Act.(end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b000040053528
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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