Regulatory Alerts2025-03-13
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.
Topics
Share