Corporate DisclosureMERCINS
MERCINS Corporate Disclosure — 7 June 2021
Announcement summary
- What happened
- MERCINS published a corporate disclosure on 7 June 2021. Read the full announcement for details.
- Company
- Mercantile Islami Insurance PLC
- Announcement published
Original announcement
The auditor of the Mercantile Insurance Co. 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.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b0000400534a0
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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