Companies Ordinance 1984

The Companies Ordinance 1984 is a broad piece of Pakistani legislation that, according to its own preamble, is “An Ordinance to consolidate and amend the law relating to companies and certain other associations”. It encompasses all legal rules and regulations for businesses registered with Security and Exchange Commission of Pakistan (SECP) and is enforced by that agency.^[1]

The Ordinance also provides legal protection to the business community of Pakistan, with the SECP keeping a close check on financial and corporate entities to insure stakeholder’s interest. ^[2]

The previous Companies Act 1917 was in practice for the same purposes.

Sources

1. ^ http://www.secp.gov.pk/corporatelaws/pdf/Comp_Ord1984.pdf
2. ^ http://www.secp.gov.pk/