Corporate DisclosureQUEENSOUTH
QUEENSOUTH Corporate Disclosure — 26 November 2020
Announcement summary
- What happened
- QUEENSOUTH published a corporate disclosure on 26 November 2020. Read the full announcement for details.
- Company
- Queen South Textile Mills Limited
- Announcement published
Original announcement
(Continuation news of QUEENSOUTH): 232 of the Bangladesh Labour Law 2006 (amended 2013), the Company was supposed to introduce Worker's Profit Participation Fund (WPPF) with effect from 15th March 2016. But no such fund was introduced with retrospective effect from that date on the reason of being a unit under EPZ. However necessary provision @0.03% against each and every export order as per rule 214 with retrospective effect need be introduced without further delay. (end)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace8c5a6b0000400550e4
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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