Unlisted Companies: Section 213 of Companies Act, 2017 "Disclosure of director interest in appointment of CEO, Secretary etc."
Reform ID		F488
Description		Earlier, any director with an interest in the appointment of the chief executive, secretary, or full-time director had to disclose the interest and abstain from voting. 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