Unlisted Companies: Section 9 of Companies Act, 2017 "Obligation to Register as a Company"
Reform ID		F449
Description		Earlier, associations or partnerships of more than twenty persons carrying on business for profit were required to register as companies. Now this obligation has been removed for unlisted companies, businesses are allowed to freely choose their legal form, sole proprietorship, partnership, or any corporate form, voluntarily.
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