Unlisted Companies: Section 191 of Companies Act, 2017 "Chief executive not to engage in business competing with company's business"
Reform ID		F484
Description		Earlier, the chief executive was prohibited from engaging in any business that competed with the company. This section has now been eliminated for unlisted companies, leaving the matter to be decided as per the articles of association.
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