Unlisted Companies: Section 199 (2) of Companies Act, 2017 "Increase in the amount or any change in nature of investment"
Reform IDF443
DescriptionEarlier, an increase in the amount or any change in the nature of investment required special resolution. Now, the requirement for a special resolution has been removed.
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 DirectionEliminate
Cost Savings PKR (Mil.)
Evidence