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Protected deposits.—","quote_sha256":"19d5488023fe02621a208c7a68f9ff3d28640e712fb94cb8eb36a16e735b3a16","reader_fragment":"p-8893-10650-ae1dafd2775176b8","reader_url":"/laws/pk-code-60ef676a2188a30c#p-8893-10650-ae1dafd2775176b8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"p-8893-10650-ae1dafd2775176b8","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":5278,"character_end":5287,"quote":"section 7","quote_sha256":"28f5bb7d4b325f950aff65a2815359bf6aa334ddc0a376911f880c702b49db95","reader_fragment":"p-3540-5302-1250ed1e494bd996","reader_url":"/laws/pk-code-60ef676a2188a30c#p-3540-5302-1250ed1e494bd996","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":5108,"character_end":5517,"quote":"\nby the State Bank;] \r\n \r\n(j)  “prescribed” means prescribed by rules or regulations made under this Act; \r\n \r\n(k)  “protected deposit” means the deposit protected under section 7, 1[***]; \r\n \r\n(l)  “regulations” means regulations made under this Act; \r\n \r\n(m)  “rules” means rules made under this Act; \r\n \r\n(n)  “seal” means the common seal of the Corporation; and \r\n \r\n(o)  “State Bank” means the State Bank","quote_sha256":"227c1b5a54ffa41ba409164cf9a7fc8899f1684d9961e65f48ac7f1fd987453e","reader_fragment":"p-3540-5302-1250ed1e494bd996","reader_url":"/laws/pk-code-60ef676a2188a30c#p-3540-5302-1250ed1e494bd996","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-f3559cd785ecdeb5046c","source":"pk-code-60ef676a2188a30c","target":"pk-code-60ef676a2188a30c","provision_kind":"section","provision_number":"21","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":26005,"character_end":26325,"quote":"21. 1[*****] \r\n \r\n(2) In the event of a joint deposit, each person’s portion shall be taken into account in \r\nestablishing the total amount of that person’s deposits held by a member institution. If it is not \r\notherwise provided for in the deposit contract, it shall be assumed that the depositors’ portions are \r\nequal","quote_sha256":"c3b4566d3df3f8224241f79becf258bb78947979fcf414aa2d95fe87829cc540","reader_fragment":"p-24680-26432-3c393f2fa178d817","reader_url":"/laws/pk-code-60ef676a2188a30c#p-24680-26432-3c393f2fa178d817","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-21-26005","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":10375,"character_end":10385,"quote":"section 21","quote_sha256":"ebc9ea8ee014ed231f70dccb67199d97ab87593e8cb49122b4471354807853ab","reader_fragment":"p-8893-10650-ae1dafd2775176b8","reader_url":"/laws/pk-code-60ef676a2188a30c#p-8893-10650-ae1dafd2775176b8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":10205,"character_end":10615,"quote":"\ntime. \r\n \r\n(2) The above amount shall be inclusive of any interest accrued or return due as at the date of \r\nthe notification of the State Bank under sub-section (1) of section 21. \r\n \r\n(3) Shariah compliant mechanism of deposit protection in respect of 1[member institutions \r\noperating under Islamic mode of finance] shall be provided in the prescribed manner which shall be \r\napproved by the State Bank’s S","quote_sha256":"f1c63859ea2045810af53a9f6944828e0b65d36c04b7b35396e169fd93ac3ec7","reader_fragment":"p-8893-10650-ae1dafd2775176b8","reader_url":"/laws/pk-code-60ef676a2188a30c#p-8893-10650-ae1dafd2775176b8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-6caa45e909e4732e71a7","source":"pk-code-60ef676a2188a30c","target":"pk-code-60ef676a2188a30c","provision_kind":"section","provision_number":"21","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":26005,"character_end":26325,"quote":"21. 1[*****] \r\n \r\n(2) In the event of a joint deposit, each person’s portion shall be taken into account in \r\nestablishing the total amount of that person’s deposits held by a member institution. 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Investments made and accounts maintained by the Corporation.—","quote_sha256":"0c9d1d4d79d1ac97e05c04ddba1b7ac9424d683deb5249d0ad7bda8a8124cd90","reader_fragment":"p-24680-26432-3c393f2fa178d817","reader_url":"/laws/pk-code-60ef676a2188a30c#p-24680-26432-3c393f2fa178d817","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"p-24680-26432-3c393f2fa178d817","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":14309,"character_end":14319,"quote":"section 19","quote_sha256":"8b5037d2a57e79d0f604a421610c7066e6226909af7b622e7db425409ab1585e","reader_fragment":"p-14094-15861-a5a2d00f7d84102e","reader_url":"/laws/pk-code-60ef676a2188a30c#p-14094-15861-a5a2d00f7d84102e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":14139,"character_end":14549,"quote":"ot be used for payment to eligible depositors or providing \r\nfinancial support for resolution or for any other purpose except for making investments as specified \r\nunder section 19.] \r\n \r\n \r\n \r\n \r\n \r\n \r\n1Added, subs., omitted and ins. by Act No. XXVII of 2024, ss. 8 & 9. \r\n \r\n \r\nPage 9 of 21 \r\n \r\n10. Board of directors.—(1) The general superintendence, direction and management of \r\naffairs and business of t","quote_sha256":"ef7a8f3a347648aca39d0b9c575aca2b43738767c9a468bb612facc79a87cb59","reader_fragment":"p-14094-15861-a5a2d00f7d84102e","reader_url":"/laws/pk-code-60ef676a2188a30c#p-14094-15861-a5a2d00f7d84102e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-8e73b6b0d8e2453648b1","source":"pk-code-60ef676a2188a30c","target":"pk-code-60ef676a2188a30c","provision_kind":"section","provision_number":"13","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":19060,"character_end":19100,"quote":"13. Disqualifications of the directors.—","quote_sha256":"94541b1daef750142a9f2a14de0467c0c10de2617600e9a3ffad690d52e3e571","reader_fragment":"p-17635-19376-214ad94bf0beb42d","reader_url":"/laws/pk-code-60ef676a2188a30c#p-17635-19376-214ad94bf0beb42d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"p-17635-19376-214ad94bf0beb42d","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":20977,"character_end":20987,"quote":"section 13","quote_sha256":"50c92c2f0fc37afc48af1a6a3279c607c7d6468f32e5617678a43d958b50b851","reader_fragment":"p-19376-21159-575ce01b15104ae2","reader_url":"/laws/pk-code-60ef676a2188a30c#p-19376-21159-575ce01b15104ae2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":20807,"character_end":21217,"quote":"rector or the Managing Director may be removed by the \r\nState Bank by an order in writing where it is established that— \r\n \r\n(a)  any of the circumstances referred to in section 13 1[becomes] applicable; \r\n \r\n(b)  he has become physically or mentally incapable of carrying out his \r\nresponsibilities for a continuous period of six months or more; \r\n \r\n(c)  he has been engaged in a serious misconduct; \r\n \r\n(d)","quote_sha256":"fc9b28547d9194f769e382231cf9ea0e8b12123c0be67fa9311b2817d8fe01af","reader_fragment":"p-19376-21159-575ce01b15104ae2","reader_url":"/laws/pk-code-60ef676a2188a30c#p-19376-21159-575ce01b15104ae2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"}},{"id":"internal-44d7d1251ce02aeb9b5b","source":"pk-code-60ef676a2188a30c","target":"pk-code-60ef676a2188a30c","provision_kind":"section","provision_number":"21","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":26005,"character_end":26325,"quote":"21. 1[*****] \r\n \r\n(2) In the event of a joint deposit, each person’s portion shall be taken into account in \r\nestablishing the total amount of that person’s deposits held by a member institution. 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Provision of financial support for resolution.⸺In the event of resolution of a member \r\ninstitution under the provisions of the Banking Companies Ordinance, 1962 (LVII of 1962), the \r\nCorporation may provide financial support to facilitate the process of resolution, subject to the \r\nprovisions laid down in sub-s","quote_sha256":"532cadc504ed1641d299d4e28d082a06f733be555501dab90b272ba6687b1ac5","reader_fragment":"p-31776-33531-f3d27a2edbcd6dc1","reader_url":"/laws/pk-code-60ef676a2188a30c#p-31776-33531-f3d27a2edbcd6dc1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-22a-32558","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":30589,"character_end":30600,"quote":"section 22A","quote_sha256":"a8fe6a9ced2b80cb24bafb2ece31b008407249ab9ef291813df9bc952492ba14","reader_fragment":"p-29994-31776-0d53499eacdccb52","reader_url":"/laws/pk-code-60ef676a2188a30c#p-29994-31776-0d53499eacdccb52","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":30419,"character_end":30830,"quote":"lent liability to the Corporation. \r\n \r\n(10) A failed member institution shall be liable to the Corporation for an amount equal to any \r\nfinancial support provided under section 22A by the Corporation for its resolution and for any direct \r\ncosts incurred by the Corporation for providing financial support or making payments to the eligible \r\ndepositors. \r\n \r\n \r\nPage 15 of 21 \r\n \r\n(11) For the amount so paid ","quote_sha256":"a79bb56c31298d731014c6125d0b62e9eca8bdebd47c7d78ff8c805be36cf9fe","reader_fragment":"p-29994-31776-0d53499eacdccb52","reader_url":"/laws/pk-code-60ef676a2188a30c#p-29994-31776-0d53499eacdccb52","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-7b35c2fe953aece529fc","source":"pk-code-60ef676a2188a30c","target":"pk-code-60ef676a2188a30c","provision_kind":"section","provision_number":"21","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":26005,"character_end":26325,"quote":"21. 1[*****] \r\n \r\n(2) In the event of a joint deposit, each person’s portion shall be taken into account in \r\nestablishing the total amount of that person’s deposits held by a member institution. If it is not \r\notherwise provided for in the deposit contract, it shall be assumed that the depositors’ portions are \r\nequal","quote_sha256":"c3b4566d3df3f8224241f79becf258bb78947979fcf414aa2d95fe87829cc540","reader_fragment":"p-24680-26432-3c393f2fa178d817","reader_url":"/laws/pk-code-60ef676a2188a30c#p-24680-26432-3c393f2fa178d817","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-21-26005","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":32495,"character_end":32505,"quote":"section 21","quote_sha256":"ebc9ea8ee014ed231f70dccb67199d97ab87593e8cb49122b4471354807853ab","reader_fragment":"p-31776-33531-f3d27a2edbcd6dc1","reader_url":"/laws/pk-code-60ef676a2188a30c#p-31776-33531-f3d27a2edbcd6dc1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":32325,"character_end":32735,"quote":"oidance of doubt, it is clarified that payment to eligible depositors, to the extent \r\nof protected deposit, of a failed institution as declared under sub-section (1) of section 21 shall be \r\nmade only through the Corporation.] \r\n \r\n1[22A. Provision of financial support for resolution.⸺In the event of resolution of a member \r\ninstitution under the provisions of the Banking Companies Ordinance, 1962 (LVII of","quote_sha256":"1faca183d276d3afa57dbda9397ace8bd69e607875b541361f1fb17d4e906cfa","reader_fragment":"p-31776-33531-f3d27a2edbcd6dc1","reader_url":"/laws/pk-code-60ef676a2188a30c#p-31776-33531-f3d27a2edbcd6dc1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-7cace8e37d742122dda5","source":"pk-code-60ef676a2188a30c","target":"pk-code-60ef676a2188a30c","provision_kind":"section","provision_number":"22B","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":33029,"character_end":33349,"quote":"22B. Terms and conditions for provision of financial support for resolution.⸺(1) No \r\nfinancial support shall be provided by the Corporation for resolution of a member institution unless \r\nthe State Bank, based on its assessment shared with the Corporation, has concluded that: \r\n \r\n(a)  as a result of resolution, prote","quote_sha256":"6e26d872d673ee702dbdc989af1b1bf30844be918f0f1c2636891c9d9c1bc509","reader_fragment":"p-31776-33531-f3d27a2edbcd6dc1","reader_url":"/laws/pk-code-60ef676a2188a30c#p-31776-33531-f3d27a2edbcd6dc1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-22b-33029","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":32892,"character_end":32903,"quote":"section 22B","quote_sha256":"28a0cde74e7859c2405b868d44547ab763e70b1dc67491305960b91a6a8488ec","reader_fragment":"p-31776-33531-f3d27a2edbcd6dc1","reader_url":"/laws/pk-code-60ef676a2188a30c#p-31776-33531-f3d27a2edbcd6dc1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":32722,"character_end":33133,"quote":"1962 (LVII of 1962), the \r\nCorporation may provide financial support to facilitate the process of resolution, subject to the \r\nprovisions laid down in sub-section (1) of section 22B, in accordance with the resolution scheme \r\nprepared by the State Bank and as per the procedures approved by the Board. \r\n \r\n22B. Terms and conditions for provision of financial support for resolution.⸺(1) No \r\nfinancial support ","quote_sha256":"cbb94297c4fcc5cbe940d186063a4d527f90cdfdcc491380cf519e3fa3424fcc","reader_fragment":"p-31776-33531-f3d27a2edbcd6dc1","reader_url":"/laws/pk-code-60ef676a2188a30c#p-31776-33531-f3d27a2edbcd6dc1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-d7bc40ebbef134277cf2","source":"pk-code-60ef676a2188a30c","target":"pk-code-60ef676a2188a30c","provision_kind":"section","provision_number":"21","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":26005,"character_end":26325,"quote":"21. 1[*****] \r\n \r\n(2) In the event of a joint deposit, each person’s portion shall be taken into account in \r\nestablishing the total amount of that person’s deposits held by a member institution. 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Delegation of powers and appointment of attorneys.—(1) The Board may, for the \r\npurpose of ensuring smooth and efficient functioning o","quote_sha256":"f67c44b4576415786885fe05e87cc3d5dd01e167a2b77ae196df850f6a16f9b0","reader_fragment":"p-35330-37071-80d9a46af8614e35","reader_url":"/laws/pk-code-60ef676a2188a30c#p-35330-37071-80d9a46af8614e35","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"}],"external_references":[{"id":"external-733d0cb5a776828ddb7c","source":"pk-code-60ef676a2188a30c","target":"pk-code-7110a61fd83bfee3","target_candidates":["pk-code-7110a61fd83bfee3"],"citation_id":"citation-2b5758c47fb66cafc70c","provision_kind":"section","provision_number":"5","qualifier":null,"instrument_title":"Banking Companies Ordinance, 1962","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":3521,"character_end":3573,"quote":"section 5 of the \r\nBanking Companies Ordinance, 1962","quote_sha256":"b51e46932e1b59a4d04d5762eb367ea8aa3d6ca7a2efcfbb065398575f0f4d61","reader_fragment":"p-1748-3540-38d2b60804dd4c42","reader_url":"/laws/pk-code-60ef676a2188a30c#p-1748-3540-38d2b60804dd4c42","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"instrument_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":3540,"character_end":3573,"quote":"Banking Companies Ordinance, 1962","quote_sha256":"f1527944cc0a7926fdbeaf8037ff1df961469f3ae616e9949f45d76805026dc2","reader_fragment":"p-3540-5302-1250ed1e494bd996","reader_url":"/laws/pk-code-60ef676a2188a30c#p-3540-5302-1250ed1e494bd996","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":3351,"character_end":3803,"quote":" at once. \r\n \r\n2. 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Member institutions of the Corporation.—All banks scheduled under sub-section (2) \r\nof section 37 of the State Bank of Pakistan Act, 1956 (XXXIII of 1956) and microfinance banks as \r\ndefined under section 2 of the Microfinance Institutions Ordinance, 2001 (LV of 2001) unless \r\nexempted or excluded by the Board, shall compulsorily be member institutions of the Corpo","quote_sha256":"51538b7d7513b0a4d8c3b60568d1db81c6d01efdf210cfae6c6607b89ad377c1","reader_fragment":"p-5302-7096-19e9532ab50a1074","reader_url":"/laws/pk-code-60ef676a2188a30c#p-5302-7096-19e9532ab50a1074","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-01d8bf37b4ce6c0936f3","source":"pk-code-60ef676a2188a30c","title":"Anti-Money Laundering Act, 2010","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":13022,"character_end":13053,"quote":"Anti-Money Laundering Act, 2010","quote_sha256":"045a88eea0f02f8b5cee432634028359679c9b51ef443c46e631d97d912cb62e","reader_fragment":"p-12396-14094-f4e356930c68baac","reader_url":"/laws/pk-code-60ef676a2188a30c#p-12396-14094-f4e356930c68baac","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":12852,"character_end":13283,"quote":" \r\nwebsite of the Corporation.] \r\n \r\n(2) 1[The] deposits arising out of or related to transactions or actions constituting ‘money \r\nlaundering’ within the meaning of the Anti-Money Laundering Act, 2010 (VII of 2010), if the offender \r\nhas been convicted of such offence 1[, shall not be guaranteed under this law.]  \r\n \r\n9. Share capital and limited liability.—(1) The authorized share capital of the Corporation \r\nshall be one bil","quote_sha256":"b256f38588e1daa6eb4016428eb98f8797129ac2c91e52961cd44d81edec589f","reader_fragment":"p-12396-14094-f4e356930c68baac","reader_url":"/laws/pk-code-60ef676a2188a30c#p-12396-14094-f4e356930c68baac","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-f59d88c8470fd1388ffc","source":"pk-code-60ef676a2188a30c","title":"Chartered Accountants Ordinance, 1961","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":38742,"character_end":38779,"quote":"Chartered Accountants Ordinance, 1961","quote_sha256":"baf242d14c57e93bdb595ff3ba93308dbb270a94b0767472b2d4c44395f08da8","reader_fragment":"p-37071-38830-8abfd84f20497760","reader_url":"/laws/pk-code-60ef676a2188a30c#p-37071-38830-8abfd84f20497760","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":38572,"character_end":39009,"quote":"t of financial position. \r\n \r\n(3) The accounts of the Corporation shall be audited by one or more auditors who shall be \r\nchartered accountants within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961), \r\nto be appointed by the Board. \r\n \r\n(4) Every auditor shall be supplied with a copy of the annual statement of accounts and it shall \r\nbe the duty of the auditor to examine the same together with the accounts and vo","quote_sha256":"4c2f1b0bcbe2611188f8b1c0766c19cc5587eb4d1e1f7a4974bab01d905a26bd","reader_fragment":"p-37071-38830-8abfd84f20497760","reader_url":"/laws/pk-code-60ef676a2188a30c#p-37071-38830-8abfd84f20497760","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-0d8c9ba4eefae6844501","source":"pk-code-60ef676a2188a30c","title":"Wealth Tax Act, 1963","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":46358,"character_end":46380,"quote":"Wealth Tax Act, \r\n1963","quote_sha256":"461d98e9bb59b7616b15120db6ad64b94b8c971b9c042aae69a34fe4a8ad8561","reader_fragment":"p-45813-47613-459601181d872a4b","reader_url":"/laws/pk-code-60ef676a2188a30c#p-45813-47613-459601181d872a4b","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":46188,"character_end":46610,"quote":"or any demand against the pensioner \r\nor in satisfaction of a decree or order of any such court. \r\n \r\n31. Exemption from taxes.⸺Notwithstanding anything contained in the Wealth Tax Act, \r\n1963 (XV of 1963), the Income Tax Ordinance, 2001 (XLIX of 2001), the Stamp Act, 1899 (II of \r\n1899) or any other law for the time being in force relating to wealth tax, income tax, super tax or any \r\nother tax, the Corporation shall ","quote_sha256":"6e1ee0b7c838d17d844a1e0d14f0bca345bdc17ccab93929b6c900cb3d43fad7","reader_fragment":"p-45813-47613-459601181d872a4b","reader_url":"/laws/pk-code-60ef676a2188a30c#p-45813-47613-459601181d872a4b","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-7bb1a08980f27fe392a1","source":"pk-code-60ef676a2188a30c","title":"Income Tax Ordinance, 2001","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":46399,"character_end":46425,"quote":"Income Tax Ordinance, 2001","quote_sha256":"a824b87f34c5000c56d51ea3b27a705bcfd8865b258a1f7e3e0f7a2f71b8d30f","reader_fragment":"p-45813-47613-459601181d872a4b","reader_url":"/laws/pk-code-60ef676a2188a30c#p-45813-47613-459601181d872a4b","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2JwZps%3D-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-60ef676a2188a30c","text_version_id":"law:pk-code-60ef676a2188a30c:sha256:ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","text_sha256":"ff34ca5dc51b59ccae3b2cf11c5ddb9b406814902782ce21ab6932029cc2467f","character_start":46229,"character_end":46655,"quote":"in satisfaction of a decree or order of any such court. \r\n \r\n31. 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