Listed Companies: Sec 74 of Companies Act, 2017 "Power to issue shares at a discount"
Reform IDF399
DescriptionPreviously, approval from the SECP was required to issue shares at a discount; this has now been simplified, and no SECP approval is required.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionSimplify
Cost Savings PKR (Mil.)
Evidence