Petroleum History Society - Old Companies. What to expect from the PHSWhat we need from you. Share certificates of defunct companies. How to research old companies yourself. 5th Schedule Companies Ordinance 1984 Pdf Download. What to do if you find an existing successor company Old companies we have researched. Guide To Companies In The British Virgin Islands Under the former International Business Companies Act, 1984, CAP 291 (“IBCA”). Replacing both the International Business Companies Ordinance and the Companies Act (Cap. 285) For more specific advice on companies in the British Virgin Islands, we invite you to contact one of the.
The corporate sector in Pakistan was governed by the Companies Ordinance 1984 which was promulgated on 8 October 1984 andrepealed the Companies Act, 1913. It is now replaced by Companies Ordnance 2016..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]
Introduction[edit]
A company is a corporation. In the eye of law, it is a person which is different from its members. As company is person in the eye of law, it can own property. It can have rights and it can also be subject to the liabilities. A company is not agent of its members. The company cannot sue the members in case of liabilities and members of the company cannot sue it to enforce rights.
Main Point of difference between Public and Private Company[edit]
- Relevant statute:
- PRIVATE COMPANY -Private company has following restriction while these restrictions does not apply to other companies.(1) It cannot have members more than 50 excluding those are the employees of the company (2) It cannot invite the general public to subscribe the share of the company (3) It restricts freely transfer of share
- PUBLIC COMPANY - Companies Ordinance define the public company as a company that is not a private company. It means every company that is registered in Pakistan either it is a private company or a public company.
Companies Ordinance 1984 Pdf
The Ordinance also provides legal protection and regulates 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 1913 was in practice for the same purposes.
Companies Ordinance 1984 Pdf Free Download
Sources[edit]
Companies Ordinance 1984 Pdf
Companies Ordinance 1984 Pdf Download
- ^'Archived copy'(PDF). Archived from the original(PDF) on 6 March 2009. Retrieved 30 August 2009.CS1 maint: archived copy as title (link)
- ^http://www.secp.gov.pk/