Document background
The Operating Agreement C Corporation is a fundamental document required for corporations established under Pakistani law, particularly following the Companies Act 2017. This document is essential when incorporating a C Corporation in Pakistan or updating existing corporate governance structures to comply with current legislation. It outlines the complete operational framework, including capital structure, shareholder rights, management responsibilities, and corporate governance procedures. The agreement must align with SECP requirements and consider both Pakistani corporate law and, where applicable, Islamic business principles. It's particularly crucial for businesses seeking to establish a formal corporate structure with multiple shareholders, planning for growth, or requiring robust governance frameworks. The document serves as the primary reference for resolving internal disputes and guiding corporate decision-making processes.
