Pakistan: implementing the new company law framework

Earlier this year the President signed the Companies Bill, 2017 and the Bill became the Companies Act, 2017. A copy of the Act, which also contains provisions relating to insolvency, is available here (pdf). The task of producing secondary legislation to support the Act is now underway. Amongst the draft Regulations published so far have been those concerning the incorporation process and the reporting obligation of auditors. The draft secondary legislation can be found here.