The Companies Ordinance, 2016 (the “2016 Ordinance”) was promulgated on 11 November 2016 and repealed the Companies Ordinance, 1984 (the “1984 Ordinance”), save for the provisions appearing in Sections 282A to 282N of the 1984 Ordinance relating to Non-Banking Finance Companies. This memorandum outlines the material changes brought about by the 2016 Ordinance.
Please note that this Memorandum is being circulated for information purposes only and as such, is not to be construed as comprehensive legal advice. Should the readers require any clarification to the provisions of this Memorandum, they are requested to contact us at the details mentioned on the website.
Please click on the following links to download the RIAA Barker Gillette Memorandum On Pakistan Companies Ordinance, 2016 and its annexures:
- ‘RIAA Barker Gillette Memorandum On Pakistan Companies Ordinance, 2016’;
- ‘Insertions’ made by the 2016 Ordinance with no corresponding provisions in the 1984 Ordinance;
- ‘Deletions’ from the 1984 Ordinance with no corresponding provisions in the 2016 Ordinance; and
- ‘Modifications’ to provisions of the 1984 Ordinance.
Please note that the extent to which a section from the 2016 Ordinance has not been covered in any of the above, there has been no change to the corresponding provision in the 1984 Ordinance.