Listed Companies: Sec 74 of Companies Act, 2017 "Penalty"
Reform ID		F433
Description		Violation of Section 221 carries 180 day imprisonment and fine. However, in line with decriminalization of Companies Act, 2017, imprisonement shall be removed. Violation of Section 221 carries 180 day imprisonment and fine. However, in line with decriminalization of Companies Act, 2017, imprisonement shall be removed.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Simplify
Cost Savings PKR (Mil.)
Evidence