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Companies Act 2017

President signs Companies Act 2017, replaces Companies Ordinance 1984

ISLAMABAD: President Mamnoon Hussain on Tuesday signed the Companies Act, 2017 replacing the three-decades old Companies Ordinance Act, 1984. The new law will facilitate the growth of economy in general and the corporate sector in particular by providing simplified procedures for ease of starting and doing businesses, greater protection of investors. It will boost corporatisation in the country. It will also provide a simpler and softer regime for small companies, enable e-governance, augment standards of transparency…