Unlisted Companies: Section 220 of Companies Act, 2017 "Book of accounts"
Reform ID		F510
Description		The law obligated a Company to keep annual book of accounts and other financial statements showing true picture of company of the last ten years at registered office or other such office as notified to SECP. It was suggested to the maintain such record for six records instead in accordance with global best practices.
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