Unlisted Companies: Section 163 of Companies Act, 2017 "Removal of directors"
Reform ID		F504
Description		It was proposed that companies whose Board of Directors represents 75 % of the shareholders must be exempted from the application of this provision, if they decided otherwise than what is provided thereunder.
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		Simplify
Cost Savings PKR (Mil.)
Evidence