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Companies Ordinance 1984. The corporate sector in Pakistan was governed by the Companies Ordinance 1984 which was promulgated on 8 October 1984 and repealed the Indian Companies Act, 1913. It is now replaced by Companies Ordinance 2016. The Companies Ordinance 1984 is a broad piece of Pakistani legislation that, according to its own preamble ...
This act effectively nullified the earlier provisions of the Companies Ordinance related to the CLA. [4] The parliament passed the Securities and Exchange Commission of Pakistan Act, which was promulgated in December 1997. Consequently, the SECP, having an autonomous status, became operational on 1 January 1999.
The programme was originally based on the Indian Companies Act, 1913, which was replaced by the Companies Ordinance 1984, finally being replaced by the current Companies Ordinance 2016 in a vision to promote Western-styled corporate sector, and business activities development in Pakistan. [5]
Pakistan Sovereign Wealth Fund (PSWF) is the sovereign wealth fund of Pakistan that was established by the Pakistani government through the Pakistan Sovereign Wealth Fund Act 2023. The fund manages the assets of profitable state-owned enterprises like Oil and Gas Development Company Limited ( OGDCL ), Pakistan Petroleum Limited ( PPL ), and the ...
Institute of Corporate Secretaries of Pakistan (ICSP) (Urdu: انسٹیٹیوٹ آف کارپوریٹ سیکریٹریز آف پاکستان) was established on 22 November 1973 as a company limited by guarantee, under the then Indian Companies Act 1913, later substituted by the Companies Ordinance 1984. Since incorporation, the ICSP is ...
In December 1984, the Companies Act, 1913 was replaced by the Companies Ordinance, 1984 with an order by the President of Pakistan General Zia-ul-Haq. With this Ordinance, it was also necessitated for the manufacturing concern to prepare and maintain cost accounting records and to arrange cost audit on annual basis by a Chartered Accountant or ...
There are many types of business entities defined in the legal systems of various countries. These include corporations, cooperatives, partnerships, sole traders, limited liability companies and other specifically permitted and labelled types of entities. The specific rules vary by country and by state or province.
Those included were the State Bank of Pakistan Act, 1956, Banking Companies Ordinance, 1962 and Banks Nationalisation Act, 1974. These changes gave full and exclusive authority to the State Bank to regulate the banking sector, to conduct an independent monetary policy and to set a limit on government borrowings from the State Bank of Pakistan ...