Unlisted Companies: Section 204(8) of Companies Act, 2017 "Breach of duty by a Director, to be ratified by the Company through Special Resolution"
Reform ID		F441
Description		Earlier, a breach of duty by a director had to be ratified by the company through a special resolution; now, the requirement for a special resolution has been removed.
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		Eliminate
Cost Savings PKR (Mil.)
Evidence