Unlisted Companies: Section 82 of Companies Act, 2017 "Issue of shares at discount"
Reform IDF495
DescriptionCompany may issue shares on discount after passing a special resolution at general meeting, meeting statutory conditions, and after obtaining approval of SECP. It was proposed to remove the approval requirement once a special resolution is passed.
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