Listed Companies: Sec 74 of Companies Act, 2017 "Reduction of share capital"
Reform ID		F401
Description		Previously, a company limited by shares had to seek permission from the Court to reduce its share capital; it has now been simplified, and no confirmation from the Court is required.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector		All Sectors
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Simplify
Cost Savings PKR (Mil.)
Evidence