Updated: Saturday February 22, 2014/AsSabt
Rabi' Thani 22, 1435/Sanivara
Phalguna 03, 1935, at 10:16:13 PM
The Sugar
Industry (Cost Accounting Records) Order, 2001
THE GAZETTE OF
EXTRAORDINARY
PUBLISHED BY AUTHORITY
PART II
Statutory Notifications (S.R.O.)
SECURITIES AND EXCHANGE COMMISSION OF
NOTIFICATION
S.R.O. 97(I)/2001.- In exercise of powers conferred by
clause (e) of sub-section (1) of section 230 of the Companies Ordinance, 1984
(XLVII of 1984), and clause (o) of sub-section (4) of section 20 of the
Securities and Exchange Commission Act, 1997 (XLII of 1997), the Securities and
Exchange Commission of Pakistan is pleased to make the following Order,
namely:---
1. Short title, application and commencement.- (1)
This Order may be called the Sugar Industry (Cost Accounting Records) Order,
2001.
(2) This Order shall apply to every company engaged in
production of sugar in any form excepting liquid sugar.
(3) It shall come into force at once.
2. Maintenance of Records.- (1) Every company to which
this order applies shall, in respect of each financial year commencing on or
after the commencement of this order, keep cost accounting records, containing,
inter-alia, the particulars specified in Schedules I, II and III to this Order.
(2) The cost accounting records referred to sub-para
(1) shall be kept in such a way as to make it possible to calculate from the
particulars entered therein, the cost of production and cost of sales of white
sugar separately, during a financial year.
(3) Where a company is manufacturing any other product
in addition to sugar, the particulars relating to the utilization of materials,
labour and other items of cost in so far as they are applicable to such other
product, shall not be included in the cost of sugar.
(4) It shall be the duty of every person referred to
in sub-section (7) of Section 230 of the Companies Ordinance, 1984 (XLVII of
1984), to comply with the provisions of sub-paragraph (1) to (3), in the same
manner as they are liable to maintain books of financial accounts required
under Section 230 of the said Ordinance.
3. Penalty. -- If a Company contravenes the provisions
of this order, such Company and every officer thereof referred to in
sub-paragraph (4) of paragraph 2, shall be punishable under sub-section (7) of
section 230 of the Companies Ordinance, 1984 (XLVII of 1984).
Go to Index
| LL. B. – I | LL. B. – II
| LL. B. – III | LL. B.
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