Unlisted Companies: Section 23 of Companies Act, 2017 "Common Seal"
Reform IDF453
DescriptionEarlier, a company was required to have a common seal. This entire section has now been eliminated for unlisted companies.
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