RegAlert2025-03-13
Added · Updated
Circular 7 of 2025 – Holding of Election of Directors
The Securities and Exchange Commission of Pakistan permits companies to hold the election of directors during the annual general meeting if the election is due within fifteen days after that meeting. This provision supersedes Circular No. 03/2006 and eliminates the administrative burden of convening a separate extraordinary general meeting shortly after the annual general meeting. The effective date for the appointment of newly elected directors remains the actual date on which the previous board's term expires.
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Securities and Exchange Commission of Pakistan
Securities Market Division
No. SMD/PRDD/2(321)/2022 Islamabad, the 13 March, 2025
Circular No. 07 of 2025
HOLDING OF ELECTION OF DIRECTORS
The Companies under the provisions of Sections 158 and 161 of the Companies Act, 2017 (the “Act”) are required to take necessary steps to hold election of directors on expiry of the three years term of office of the directors in the annual general meeting (AGM) or extraordinary general meeting (EOGM) as the case may be.
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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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SECP published 3 documents in the last 30 days. We email you each new one the day it's published.