Listed Companies: Sec 74 of Companies Act, 2017 "Contents of directors’ report and penalty"
Reform IDF434
DescriptionThe penalty for non-compliance of this provision includes imprisonment for up to a year and fines. However, it was proposed to remove imprisonment from the penalty in line with decriminalization of Companies Act, 2017.
DepartmentSecurities and Exchange Commission of Pakistan (SECP)
Jurisdiction / LocationFederal - Entire Pakistan
SectorAll Sectors
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionSimplify
Cost Savings PKR (Mil.)
Evidence