Unlisted Companies: Section 32 of Companies Act, 2017 "Alteration of Memorandum"
Reform ID		F458
Description		Earlier, a company could change its place of business, principal line of business, and add business lines in the memorandum through a special resolution, with SECP confirmation and certification (except for the principal line of business). Now, the requirement for a memorandum of association has been removed for unlisted companies.
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