Unlisted Companies: Section 146 of Companies Act, 2017 "Resolution passed at adjourned meeting"
Reform IDF476
DescriptionEarlier, when a meeting was adjourned, a resolution was treated as passed on the actual date it was passed and not on any earlier date. 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