Unlisted Companies: Section 37 of Companies Act, 2017 "Articles to printed and signed"
Reform IDF490
DescriptionThe provision required the Articles of Association to be in certain formate which was to be signed by each subscriber. It was suggested to remove requirements for prescribed format and signature/details of each subscriber.
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 DirectionSimplify
Cost Savings PKR (Mil.)
Evidence