Unlisted Companies: Section 210 of Companies Act, 2017 "Director contracts"
Reform IDF487
DescriptionEarlier, a company was required to keep contracts or memoranda of contracts with officers at its registered office. 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
Sector
Start Date
Target Deadline
Date Enacted
Implementation StatusIn Progress
Progress 25%
CCORR DirectionEliminate
Cost Savings PKR (Mil.)
Evidence