Unlisted Companies: Section 203 of Companies Act, 2017 "Company seal for use abroad"
Reform IDF486
DescriptionEarlier, a company could use a copy of its common seal abroad with the addition of territory names where it could be used. This section has now been eliminated for unlisted companies, leaving the matter to be decided as per 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