Unlisted Companies: Section 215 of Companies Act, 2017 "Liability of undesired shareholder behavior"
Reform ID		F489
Description		Earlier, shareholders were required to act in good faith, avoid disrupting proceedings, and not pressure the board into decisions that could hinder management. This section has now been eliminated for unlisted companies.
Department		Securities and Exchange Commission of Pakistan (SECP)
Jurisdiction / Location		Federal - Entire Pakistan
Sector
Start Date
Target Deadline
Date Enacted
Implementation Status		In Progress
Progress		25%
CCORR Direction		Eliminate
Cost Savings PKR (Mil.)
Evidence