Companies Profit (Workers' Participation) Rules, 1971 - Khalid Zafar & Associates

Khalid Zafar & Associates / Laws Of Pakistan / Companies Profit (Workers’ Participation) Rules, 1971

Companies Profit (Workers’ Participation) Rules, 1971 were promulgated by the Federal Government in exercise of the powers conferred by section 9 of the Companies Profit (Workers’ Participation) Act, 1968 (XII of 1968). For the administration of the fund, a Board of Trustees is to be constituted by the company. The Board shall consist of two persons. The company shall intimidate to the Federal Government the names, addresses and other particulars of the two persons nominated by the company to represent the management of the Board. The board shall perform such functions as provided in the regulations of the rules. The Companies Profit (Workers Participation) Rules, 1969 are repealed by the enactment of Rules of 1971.