Study Scheme 2018
(Updated in 2023)
M6 – CORPORATE GOVERNANCE AND BUSINESS LAWS MANAGERIAL LEVEL-2
INTRODUCTION LEARNING OUTCOMES
This course deals with the theoretical and practical On completion of this course, students will be able to:
approach to the Companies Act, 2017, Companies Identify, evaluate and analyze different situations
(Incorporation) Regulations, 2017, Securities Act 2015, arising in performing the professional duties with
Listed Companies (Code of Corporate Governance) reference to applicable corporate laws
Regulations, 2019, Nonbanking Finance Companies, The Get acquainted with the code of corporate
Companies (further issue of shares) Regulations, 2018, governance;
Listed Companies (Buy-Back of Shares) Regulations, 2019, Understand the rules and regulations related to d
Public Offering Regulations, 2017, Anti-money Laundering non-banking finance companies.
Act, 2010, and other relevant laws and regulations. Understand the rules and regulations regarding anti-
money laundering, companies’ shares capital, public
OBJECTIVE offering regulations etc.
To provide the students with a thorough knowledge of Comprehend the rules given in Pakistan Stock
Corporate Laws and Secretarial Practices to enable them Exchange rule books
to: Understand other relevant laws and regulations
Advise and assist the management for taking necessary to understand corporate laws
appropriate and prompt decision, and
Carry out secretarial work more effectively.
INDICATIVE GRID
PART SYLLABUS CONTENT AREA WEIGHTAGE
Companies Act, 2017, Relevant Rules and Regulations:
1. Companies Act, 2017
A 2. Companies (Incorporation) Regulations, 2017 60%
3. Securities Act 2015
4. Code of Corporate Governance
Special Companies
5. Non- Banking Finance Companies
B 20%
6. Insurance Ordinance, 2000
7. Banking Companies
Other Laws and Regulations
8. Companies (further issue of shares) Regulations, 2020
9. Listed Companies (Buy-Back of Shares) Regulations, 2019
C 10. Public Offering Regulations, 2017 20%
11. Pakistan Stock Exchange Rule Book
12. Anti-money Laundering Act, 2010
13. Other Laws
TOTAL 100%
Note: The weightage shown against each section indicates, study time required for the topics in that section. This weightage
does not necessarily specify the number of marks to be allocated to that section in the examination.
DETAILED CONTENTS
PART – A
COMPANIES ACT, 2017, RELEVANT RULES AND PART – B
REGULATIONS SPECIAL COMPANIES
1. Companies Act, 2017 5. Non-Banking Finance Companies
Companies Act, 2017 Non- banking Finance Companies (Companies
(Sections: 1 to 302, 304 to 306, 312 to 396, 406 Ordinance, 1984 Section 282A to 282M)
to 468,471 to 473, 498, 500, 505) NBFC (Establishment and Regulation) Rules
Companies (General Provisions & Forms) 2003- Rules 1 to 7
Regulations, 2018 - Regulations: 8 to 30 The Non-banking Finance Companies and
Companies (Manner and Selection of Notified Entities Regulations, 2008 (Regulation
Independent Directors) Regulations, 2018) 2, 3, 9, 10, 15B, 16-18, and 25
6. Insurance Ordinance, 2000
2. Companies (Incorporation) Regulations, 2017 Sections (1 to 14, 28, 35, 36, 45 to 48)
Regulations: 2 to 10 & 15
7. Banking Companies
3. Securities Act, 2015 The Banking Companies Ordinance, 1962
Sections: 2, 63 to 65, and 87 to 131 with relevant sections (1,2,5,6,9,11,13 to 24, 29 34 to 38)
rules and regulations Foreign Exchange Manual of State Bank of
Pakistan (Chapter 19 and 20)
4. Code of Corporate Governance
Listed Companies (Code of Corporate PART – C
Governance) Regulations, 2019 OTHER LAWS AND REGULATIONS
Public Sector Companies (Corporate
Governance) Rules, 2013
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Study Scheme 2018
(Updated in 2023)
8. Companies (further issue of shares) Regulations, Companies (Distribution of Dividends)
2020 Regulations, 2017
All Chapters with Schedules Companies (Investment in Associated
9. Listed Companies (Buy-Back of Shares) Companies or Associated Undertakings)
Regulations, 2019" Regulations, 2017
Complete rules with latest amendments Employees Contributory Fund (Investment in
Listed Securities) Regulations 2018
10. Public Offering Regulations, 2017 Competition Act, 2010 (Chapter I and II)
Chapter 1 to 5 and First Schedule Companies (Related Party Transactions &
Maintenance of Related Records) Regulations,
11. Pakistan Stock Exchange Rule Book 2018 – (Regulations: 3 to 6)
Chapter 5, 5A and 5B Private Placement of Securities Rules, 2017 –
(Rules 4 to 6)
12. Anti-money Laundering Act, 2010 Listed Companies (Substantial Acquisition of
Section 2 to 20 & 30 with relevant Anti-money voting shares and Takeovers) Regulations, 2017
Laundering Regulations, 2015 Corporate Restructuring Companies Act, 2016
Payment Systems and Electronic Fund Transfers (Sections: 1 to 6)
Act, 2007 Sections 2, 4, 5, 8, 14, 18 Corporate Rehabilitation Act, 2018 (Chapter: I
and II)
13. Others Laws: Corporate Restructuring Companies Rules, 2019
Companies (Postal Ballot) Regulations, 2018 Corporate Rehabilitation Regulations, 2019
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