Unlisted Companies: Section 201 of Companies Act, 2017 "Method of contracting"
Reform ID		F485
Description		Earlier, if an obligation required by law to be in writing, the company had to execute a written contract signed by a director or authorized officer with the seal affixed; for obligations not required in writing, the company could enter into an oral agreement under implied authority. These obligations have now been removed 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