Unlisted Companies: Section 132 of Companies Act, 2017 "Annual general meeting"
Reform ID		F470
Description		Earlier, companies were required to hold an annual meeting of shareholders within stipulated timelines. This requirement has been removed for unlisted companies, whose Board of Directors represents 75% of shareholders and resolves otherwise are now exempted.
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