Unlisted Companies: Section 143 of Companies Act, 2017 "Demand for poll"
Reform IDF473
DescriptionEarlier, the chairman could, on their own or on the demand of members holding at least 10% of voting power, order a poll before or after declaring a resolution. This section has now been removed for unlisted companies, leaving the matter to the articles of association.
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