Tuesday, 24 January 2017

Pakistan: an update on the Companies Bill 2016

The Companies Bill 2016, drafts of which were published for consultation last year, became law (as the Companies Ordinance 2016: see herepdf) late last year when it was promulgated by the President in the exercise of a power provided by Article 89 of the Constitution. However, the Ordinance was repealed by a vote in the Senate in December (see herepdf) and the Bill subsequently introduced in the National Assembly. A sub-committee of the National Assembly has been considering the Bill this month and has made various amendments: see here (pdf).

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