Unlisted Companies: Section 199 (1) of Companies Act, 2017 "Investments in associated companies and undertaking"
Reform ID		F442
Description		Previously, a company could invest in its associated companies or undertakings only with a special resolution specifying the nature, period, amount, and terms of the investment; 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