Unlisted Companies: Section 40 of Companies Act, 2017 "Alteration to be noted in every copy"
Reform IDF461
DescriptionEarlier, every copy of the memorandum and articles of association had to reflect subsequent alterations. 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