Listed Companies: Sec 74 of Companies Act, 2017 "Financial year of holding company"
Reform IDE407
DescriptionThis provision of law required the Holding company and its subsidiaries to make sure that their financial years coincide unless having good reasons. This requirement 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