The corporate sector in Pakistan is governed by the Companies Ordinance 1984 which was promulgated on 8th October 1984 and repealed the Companies Act, 1913. The avowed objectives of the Companies Ordinance 1984 were inter alia to consolidate and amend the law relating to companies and certain other associations for the purpose of healthy growth of corporate enterprises, protection of investors and creditors, promotion of investment and development of economy. The detailed provisions of the Companies Ordinance, 1984 sought to meet these objectives and have been amended and updated from time to time to keep in line with the changing circumstances.
Post a Comment