Law Governing Companies – I
📘 Law Governing Companies – I (Companies Act, 2017) 4.1 Introduction to Companies Act, 2017 Definition : The Companies Act, 2017 is a legal framework that governs the formation, management, regulation, and dissolution of companies in Pakistan. Purpose: Modernize corporate law Promote ease of doing business Ensure corporate governance and investor protection Business Advantage : Provides a legal structure for starting and growing businesses with transparency and accountability. 4.2 Company Courts These are special courts or judicial benches designated to deal with company law disputes such as: Mismanagement Fraud Winding up Example : If a company is involved in shareholder dispute, it goes to a company bench of a High Court. 4.3 Corporate Law Authority (Now SECP) Securities and Exchange Commission of Pakistan (SECP) is the regulatory body under the Companies Act. Functions: Company registration Regulation of stock ...