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January 2016

Companies (amendment) Ordinance 2015

By |January 15th, 2016|

Vide this amendment, section 95-A has been added, which prescribes the mode, procedure and other conditions for listed companies to buy back their own issued stock, and cancelled or to be retained as treasury stock, [...]

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Special Economic Zones (amendment) Ordinance 2015

By |January 15th, 2016|

Special Economic Zones Act 2012 was promulgated to encourage industrial infrastructure in the country- After its promulgation, Provincial Governments, chambers of commerce and potential investors raised voice about major lacuna in the law whereby SEZs [...]

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Income Tax (amendment) Ordinance 2015

By |January 15th, 2016|

In order to bring non-compliant taxpayers into tax net and to document transactions of untaxed amounts through banking channels, a new section 236P was introduced in the Income Tax Ordinance,200l through Finance Act,2015, whereby an [...]

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