Unlisted Companies: Section 41 of Companies Act, 2017 "Form of memorandum and articles of association"
Reform IDF462
DescriptionEarlier, the memorandum and articles of association had to follow Table B, C, D, or E in the First Schedule. Now this requirement has been removed for unlisted companies. These tables are offered only as samples, not as a mandatory requirement.
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