Unlisted Companies: Section 241 of Companies Act, 2017 "Dividend to be paid only out of profit"
Reform ID		F519
Description		The law only allowed the dividend to be paid off from the profit. It was proposed that it shall be allowed to be paid from the surplus of the company as well.
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