Listed Companies: Sec 74 of Companies Act, 2017 "Book of accounts"
Reform ID		F432
Description		Company are required to keep annual book of accounts and other financial statements showing true picture of company at registered office or other such office as notified to SECP. Ten year record to be kept in good order, and the violation would result in one year imprisonment and fine for violation. It was, however, proposed to reduce time to keep accounting and financial records to 5 years, unless specifically ordered for longer for reasonable cause by SECP or tax authorities.
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