Unlisted Companies: Section 86 of Companies Act, 2017 "Prohibition to buy own share or lending for purchase of own shares"
Reform ID		F466
Description		Earlier, no company other than a listed company could buy its own shares, and no public or private company could lend money, directly or indirectly, for the purchase of its shares. The restriction on buying its own shares has been removed for unlisted companies, while the remaining provisions are left to the articles of association.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Eliminate
Cost Savings PKR (Mil.)
Evidence