Listed Companies: Sec 74 of Companies Act, 2017 "Return as to allotment"
Reform IDE416
DescriptionThis provision of law required the companies to file return within 45 days of allotment of shares, submitting details with SECP including report from auditor certifying money has been received and allotment made. Though, it was proposed to remove auditor verification from return of allotment of shares where consideration is cash.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationEntire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionSimplify
Cost Savings PKR (Mil.)
Evidence