Sub-Committee on Regulatory Reforms Proposes Modernization of the Companies Act 2017

1. : Who chaired the high-level meeting of the Sub-Committee on Regulatory Reforms?
(A) Scott Jacobs
(B) Haroon Akhtar Khan
(C) Representative of SECP
(D) Governor of State Bank

2. : Which year’s Companies Act was discussed for proposed amendments?
(A) 2015
(B) 2016
(C) 2017
(D) 2018

3. : Which two organizations jointly introduced the recommendations for amending the Companies Act?
(A) BOI and SBP
(B) SECP and BOI
(C) SBP and Ministry of Finance
(D) BOI and Ministry of Law

4. : One of the proposed amendments includes:
(A) Introducing a fixed limit for company members
(B) Removing the limit on number of company members
(C) Increasing corporate taxes
(D) Restricting corporate forms further

5. : According to Haroon Akhtar Khan, what has become a serious challenge for enterprises in Pakistan?
(A) Lack of investment
(B) Excessive regulations and procedural delays
(C) Shortage of skilled labor
(D) High inflation

6. : What did Haroon Akhtar Khan say about some provisions in the current Companies Act?
(A) They promote innovation
(B) They create hurdles and restrict modern corporate structures
(C) They are internationally competitive
(D) They simplify business operations