Unlisted Companies: Section 27 of Companies Act, 2017 "Memorandum of company limited by shares"
Reform IDF454
DescriptionEarlier, memorandums were required to carry an appropriate suffix with the company name, specifying the company type, province of incorporation, principal line of business, and other details. Now, the requirement for a memorandum of association has been removed 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