Unlisted Companies: Section 233 of Companies Act, 2017 "Filing of financial statements"
Reform ID		F515
Description		Law required unlisted Companies with paid-up capital above PKR 10 million to file approved financial statements (after AGM) before SECP. It was suggested that rather than paid-up capital, the exemption shall be based on the annual turn-over, net assets and number of employees of a company. SECP shall also consult BOI prior to notifying the thresholds.
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