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📘 Title Name: PAC CFAP-2: A Handbook of Corporate Laws and Governance (11th Edition)
✍️ Authors: Ayyaz Zafar and Fahad Naeem
🏢 Publisher: PAC (Professionals’ Academy of Commerce)
🎯 For: CFAP – 2 (As per ICAP Education Scheme 2025)


🔹 Introduction:

PAC CFAP-2: A Handbook of Corporate Laws and Governance (11th Edition) by Ayyaz Zafar and Fahad Naeem is a comprehensive guide crafted specifically for CFAP-2 students under the ICAP Education Scheme 2025. This book offers a structured understanding of Pakistan’s corporate laws, governance principles, and related financial regulations — essential for future Chartered Accountants. It simplifies complex legal frameworks through practical examples, ensuring conceptual clarity and exam-oriented preparation.


🔑 Key Points:

  • Covers all corporate law topics prescribed by ICAP for CFAP-2, including Companies Act, Governance Codes, and Financial Regulations.

  • Integrates both theoretical and practical insights with case-based learning for deeper understanding.

  • Updated with the latest amendments, including SOEs Governance Act 2023 and Capital Territory Trust Act.

  • Structured in line with PAC’s signature clarity — concise, exam-focused, and professionally reviewed.

  • A must-have companion for CA students aiming to master corporate law, ethics, and governance under the latest syllabus.

🕌 Conclusion:

The PAC CFAP-2 Handbook of Corporate Laws and Governance (11th Edition) is not just a textbook—it’s a professional toolkit. Designed to align with ICAP’s 2025 scheme, it combines academic depth with practical relevance, guiding CA aspirants toward a confident understanding of Pakistan’s corporate legal environment. It remains an indispensable reference for examination success and professional excellence.


🧾 Table of Contents:

  1. Company

  2. Incorporation of Companies

  3. Authorities

  4. Share Capital – Issue and Further Issue of Shares

  5. Share Capital – Prospectus and Related Matters

  6. Share Capital – Transfer & Allotment of Shares

  7. Share Capital – Buy Back and Reduction of Shares

  8. Administration – Directors and Chief Executive

  9. Administration – Code of Corporate Governance

  10. Meetings and Proceedings

  11. Borrowings by the Company

  12. Accounts and Dividends

  13. Auditors

  14. Investigations and Arrangements/Reconstruction

  15. Registers and Statutory Books

  16. Investments of Companies

  17. Non-Banking Finance Companies

  18. Winding Up of Companies

  19. Winding Up – Voluntary Winding Up

  20. Foreign Exchange Manual

  21. Insurance

  22. Substantial Acquisitions & Takeovers

  23. Law of Competition

  24. Banking Companies Ordinance

  25. Ethics

  26. Anti-Money Laundering

  27. State Owned Enterprises (Governance and Operations) Act, 2023

  28. The Capital Territory Trust Act

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