Unlisted Companies: Section 190 of Companies Act, 2017 "Removal of chief executive"
Reform ID		F483
Description		Earlier, the board with a three-fourth majority, or the company through a special resolution, could end the appointment of the chief executive. This requirement has now been removed for unlisted companies, whose Board of Directors represents 75% of shareholders and resolves otherwise being 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