Unlisted Companies: Section 221 of Companies Act, 2017 "Inspection of accounts"
Reform ID		F511
Description		Under the Act, SECP have the power to authorize an officer to inspect the book of accounts and related documents of any company, and all directors and officers of company bound to assist the Commission. However, it was suggested that the inspection shall only be allowed if there is reasonable suspicion of fraud or wrong doing.
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