Introduction:
The law relating to Joint Stock Companies has been laid in the Companies Ordinance 1984. This is an important legislation for the regulation and management of companies in Pakistan.

Overview of the Companies Ordinance 1984:
The Companies Ordinance 1984 provides a comprehensive legal framework for the incorporation, regulation, and winding up of companies in Pakistan. It covers various aspects of company law, including the following:

1. Incorporation of Companies: The Companies Ordinance 1984 sets out the requirements for the incorporation of companies in Pakistan. It requires companies to register with the Securities and Exchange Commission of Pakistan (SECP) and to comply with various legal formalities.

2. Management of Companies: The Companies Ordinance 1984 sets out the rules for the management of companies in Pakistan. It defines the roles and responsibilities of directors, auditors, and shareholders. It also sets out the requirements for holding company meetings and passing resolutions.

3. Share Capital and Shareholders: The Companies Ordinance 1984 sets out the rules for the issue, transfer, and redemption of share capital. It also defines the rights and obligations of shareholders, including their right to vote and receive dividends.

4. Accounts and Audit: The Companies Ordinance 1984 sets out the requirements for the preparation and maintenance of accounts by companies in Pakistan. It also requires companies to appoint auditors to audit their financial statements.

5. Winding Up and Dissolution: The Companies Ordinance 1984 sets out the rules for the winding up and dissolution of companies in Pakistan. It defines the procedures for voluntary and involuntary winding up, as well as the distribution of assets to creditors and shareholders.

Conclusion:
In conclusion, the Companies Ordinance 1984 is an important piece of legislation for the regulation and management of companies in Pakistan. It provides a comprehensive legal framework for the incorporation, regulation, and winding up of companies, and sets out the rights and obligations of directors, shareholders, and other stakeholders.