Companies Profits (Workers Participation) (Amendment) Ordinance 2002

No comments yet. Be the first to comment

COMPANIES PROFITS (WORKERS' PARTICIPATION)

(AMENDMENT) ORDINANCE, 2002

ORDINANCE LXIX OF 2002

An Ordinance further to amend the Companies Profits (Workers' Participation) Act, 1968

[Gazette of Pakistan, Extraordinary, Part-I 9th October. 2002]

F. No.2(1)/2042‑Pub. dated 9‑10‑2002.-----The following Ordinance promulgated by the President is hereby published for general information:‑‑

Whereas it is expedient further to amend the Companies Profits (Workers' Participation) .Act, 1968 (XII of 1968), for the purposes hereinafter appearing;

And whereas the President is satisfied that circumstances exist which render it necessary to take immediate action:

Now therefore, in pursuance of the Proclamation of Emergency of the Fourteenth day of October, 1999. and the Provisional Constitution Order No. 1 of 1999. read with the Provisional Constitution (Amendment) Order No.9 of 1999, and in exercise of all powers enabling him in that behalf, the President of the Islamic Republic of Pakistan is pleased to make and promulgate the following Ordinance:‑‑

1. Short title and commencement‑‑‑--(1) This Ordinance may be called the Companies Profits (Workers' Participation) (Amendment) Ordinance. 2002.

2 It shall come into force at once and shall be deemed to have taken effect on and from the 1st day of July, 2002.

**2. Amendment of Schedule, Act XII of 1968,‑‑**In the Companies Profits (Workers' Participation) Act, 1968 (XII of 1968), in the Schedule, in Paragraph 4, in clause (a), under the heading "Categories".

(a) in the entry of serial number 1 , for the word "two", Occurring for the second time, the word "five" shall be substituted: and

(b) in the entry at serial number 2, for the word "two" occurring for the second time, the word "five" shall be substituted.

Discussion

    Be the first to comment and start a discussion!

© 2020 PakistanLaw.pk, All rights reserved.