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It cannot invite the general public to subscribe the share of the company; It restricts freely transfer of share; Public company: Companies Ordinance define the public company as a company that is not a private company. It means every company that is registered in Pakistan either it is a private company or a public company.
The Securities and Exchange Commission of Pakistan (SECP) (Urdu: سیکیورٹیز اینڈ ایکسچینج کمیشن آف پاکستان), formerly known as Company Law Administration, Company Law Board, and Corporate Law Authority, is the corporate legislative and financial regulatory agency of Pakistan whose objective is to develop a modern and efficient corporate sector and a capital ...
Such citations and abbreviations are found in court decisions, statutes, regulations, journal articles, books, and other documents. Below is a basic list of very common abbreviations. Because publishers adopt different practices regarding how abbreviations are printed, one may find abbreviations with or without periods for each letter.
The Institute of Cost and Management Accountants of Pakistan (ICMAP) is a professional accounting body offering qualification and training in management accountancy.. The Institute of Cost and Management Accountants of Pakistan was established in 1951 and was granted statutory status under the Cost and Management Accountants Act, 1966 [1] [2] for the regulation of the profession of Cost and ...
Central Depository Company of Pakistan (CDC) is a Pakistani central securities depository company which provides services for equity, debt and other financial instruments. [2] It is based in Karachi, Pakistan. [3] CDC is regulated by the Securities and Exchange Commission of Pakistan. [4] The current CEO is Badiuddin Akber. [4]
The Ehtesab Act, 1997 established an Ehtesab Cell, charged with the investigation and prosecution of corruption. [1]Under the National Accountability Ordinance, 1999, the NAB was established as the cell's successor, and given the additional responsibility of preventing and raising awareness of corruption. [2]
The inaugural Public Accounts Committee (PAC) in Pakistan was established on 20 May 1948. Since its formation, there have been a total of 14 regular PACs and 6 Ad hoc PACs. Ad hoc PACs are constituted in Pakistan during periods when there is no elected Legislature in the country, ensuring oversight and accountability even in transitional or ...
At no point in Pakistan's legal history was there an intention to begin the statute book afresh. The founder of Pakistan, Muhammad Ali Jinnah had a vision regarding the law of Pakistan, to implement a system in accordance to Islamic teachings, but it was never fulfilled, although it was fulfilled at the later stage when Pakistan had its first ...