Listed Companies: Sec 74 of Companies Act, 2017 "Liability of undesired shareholder behavior"
Reform IDE406
DescriptionThis provision required the shareholders to act in a certain way, which amounts to micromanagement and against the international best practices. Therefore, this provision of law was proposed to be eliminated.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationEntire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionEliminate
Cost Savings PKR (Mil.)
Evidence