A government-appointed panel has proposed major amendments to the Companies Act 2017. The move aims to strengthen corporate governance and improve the ease of doing business in Pakistan.
The Govt Panel Proposes Major Amendments to Companies Act 2017 after reviewing current corporate laws. The panel suggests changes that focus on transparency, accountability, and investor protection. These amendments could impact how companies operate and report their financial activities.
According to the panel, the proposed changes include stricter regulations on directors’ duties and enhanced disclosure requirements. This is expected to improve oversight and reduce corporate fraud. Additionally, the panel recommends simplifying procedures for company registration and compliance to encourage entrepreneurship.
The Govt Panel Proposes Major Amendments to Companies Act 2017 with the goal of aligning local laws with international standards. This step is seen as crucial for attracting foreign investment and boosting economic growth.
Experts believe that the amendments will create a more business-friendly environment while safeguarding stakeholders’ interests. The panel has invited public feedback on the draft proposals before finalizing the amendments.
If approved, the changes will affect all registered companies, including startups and large corporations. The government plans to implement the amendments in phases to allow smooth adaptation.
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