ISLAMABAD: President Mamnoon Hussain signed the Companies Act 2017 on Tuesday replacing the Com­panies Ordinance 1984.

The Act will allow the Securities and Exchange Commission of Pakistan (SECP) to inquire about the beneficial owners of offshore companies working in Pakistan.

The enactment of the Companies Act, 2017, is one of the most significant legal reforms in the country.

It is aimed at bringing the company law on a par with global standards. The Act has introduced significant changes to the company law.

The new law will facilitate the growth of economy in general and the corporate sector in particular

by providing simplified procedures for ease of starting and doing businesses, greater protection of investors.

It is also expected to give a boost to corporatisation in the country.

Published in Dawn, May 31st, 2017



Dark days
Updated 26 May, 2022

Dark days

The PTI, on its part, does not seem to have been prepared to face such a large deployment of state machinery.
26 May, 2022

No room for dissent

WHILE political turmoil roils the land, a number of incidents over the past few days have demonstrated that though...
26 May, 2022

Harassing passengers

REPORTS of the confiscation of personal items from passengers’ private luggage by customs officials at Karachi’s...
Back to bedlam
Updated 25 May, 2022

Back to bedlam

FEAR tactics have never worked in the past, and most likely will not this time either. The government’s ...
25 May, 2022

Balochistan blaze

THE forest fire on the Koh-i-Sulaiman range in Balochistan’s Shirani area is among a series of blazes to have...
25 May, 2022

Unequal citizens

INDIFFERENCE would have been bad enough, but the state’s attitude towards non-Muslims falls squarely in the...