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Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":15788,"character_end":15799,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-14116-15882-ae92d9951a182b7c","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-14116-15882-ae92d9951a182b7c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":15618,"character_end":16029,"quote":"king within the meaning of this clause \r\n2[(ca)  “banking company under Resolution ” means a banking company in \r\nrespect of which the State Bank has made an order under section 42D and \r\nuntil such time that the State Bank by an order declares that the banking \r\ncompany concerned is no longer under Resolution or until a winding -up \r\norder is made under this Ordinance;] \r\n(d)    “branch” or “branch office”,","quote_sha256":"df8d5a6c5e400b5fffd1d854de4d7f95f12d7ee2705110936739d4a2c826b599","reader_fragment":"p-14116-15882-ae92d9951a182b7c","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-14116-15882-ae92d9951a182b7c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-54da08443905421a9878","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"7","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":23775,"character_end":23838,"quote":"7.  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Bridge bank. __ (1) The State Bank may, prior to or during the Resolution of a \r\nbanking company, establish a bridge bank as defined in clause (da) of sub -section (1) of section \r\n5, and in exercise of the powers under clause (g) of sub-section (1) of section 42E to: \r\n(a)  transfer those of the assets and liabil","quote_sha256":"5598f38fdfd0ab3634ce1d585cc7ac6480a84c54625560faff6072d522036767","reader_fragment":"p-177543-179329-f0db9a72603a3bcc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-177543-179329-f0db9a72603a3bcc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42h-179143","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":16458,"character_end":16469,"quote":"section 42H","quote_sha256":"c1c4680bb63dcffbc0ccb664972d111860efbe985e70e3a455dfb76b94eeccd1","reader_fragment":"p-15882-17657-5eba2ad50e878ab1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-15882-17657-5eba2ad50e878ab1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":16288,"character_end":16699,"quote":"ace of \r\nbusiness where any other form of business referred to in sub -section (1) of \r\nsection 7 is transacted; \r\n2[(da) “bridge bank” means an entity established under section 42H to temporarily \r\ntake over and maintain some or all of the assets and liabilities of a banking \r\ncompany as part of the Resolution process;] \r\n3[(dd)  “creditor” includes persons from whom deposits have been received on the \r\nbas","quote_sha256":"392d23314449fd9384563b177987f214334194547a7f71be55c79bf8d2dbd097","reader_fragment":"p-15882-17657-5eba2ad50e878ab1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-15882-17657-5eba2ad50e878ab1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-d1aee6d42d7458578b0e","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42E","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153399,"character_end":153719,"quote":"42E. 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Prohibition of trading.—Except as authorised under section 7, no banking company \r\nshall directly or indirectly deal in the buying or selling o r bartering of goods or engage in any \r\ntrade or buy, sell or barter goods for others, otherwise than in connection with bills of exchange \r\nrecei","quote_sha256":"137110a0bf5055eceeb56b0af62e1e569514b5bc27b27de4632e1d4c7908d346","reader_fragment":"p-30008-31704-0ce4bb1cdf272143","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-30008-31704-0ce4bb1cdf272143","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-55d009d6cfbf5e2fba46","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"7","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":23775,"character_end":23838,"quote":"7.  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Ordinance, 1980 (58 of 1980), s. 4, for section 9. \r\n \r\n \r\n \r\nPage 16 of 109 \r\n \r\n10.  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Restrictions on loans and advances.—(1) No banking company shall— \r\n(a) make any loans or advances against the security of its own shares; or  \r\n(b) grant unsecured loans or advances to, or make loans and advances on the \r\nguarantee of,—  \r\n(i) any of its directors;  \r\n(ii) any of the family members of any of it","quote_sha256":"64b786f5630aa25313813b9c8f1c09e6cbd05dfc196942c2acee469c70840cdf","reader_fragment":"p-63402-65159-15106c4bfbd9bec3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-63402-65159-15106c4bfbd9bec3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-24-63641","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":65878,"character_end":65888,"quote":"section 24","quote_sha256":"78c7b2d07c36df062576f6a18d78f213270443baeaaab679583fa91151079229","reader_fragment":"p-65159-66925-e6ad5ef4b0f697be","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-65159-66925-e6ad5ef4b0f697be","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":65708,"character_end":66118,"quote":"ces and the maximum or minimum profit sharing ratios; and  \r\n \r\n1Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 8 (w.e.f. 13-10-1972) for the original section 24. \r\n2Subs. by the Banking Companies (Amdt.) Ordinance, 1971 (7 of 1971), s. 2 (w.e.f. 15-03-1971) for the original section 25. \r\n3Subs. by the Banking Companies (Third Amdt.) 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Power of Sta te Bank to control advances by banking C ompanies.__ (1) \r\nWhenever the State Bank is satisfied that it is necessary or  expedient in the public interest so to \r\ndo, it may determine the policy in relation to advances to be followed by banking companies \r\ngenerally or by any banking company in partic","quote_sha256":"066cc405523d3c524904c533567f9db24806086fe67b42c53eac93b4763afc56","reader_fragment":"p-63402-65159-15106c4bfbd9bec3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-63402-65159-15106c4bfbd9bec3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-25-64652","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":66003,"character_end":66013,"quote":"section 25","quote_sha256":"1b1607c018251117e66ef48ad6b62790e5ec00f322ceb5d80dd9fd235c0da7b9","reader_fragment":"p-65159-66925-e6ad5ef4b0f697be","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-65159-66925-e6ad5ef4b0f697be","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":65833,"character_end":66243,"quote":"), s. 8 (w.e.f. 13-10-1972) for the original section 24. \r\n2Subs. by the Banking Companies (Amdt.) Ordinance, 1971 (7 of 1971), s. 2 (w.e.f. 15-03-1971) for the original section 25. \r\n3Subs. by the Banking Companies (Third Amdt.) Ordinance, 1980 (58 of 1980), s. 6 for sub -section (2), which was previously amended by Act \r\nNo. 30 of 1972, s. 9 (w.e.f. 13-10-1972), for certain words.  \r\n \r\n \r\n \r\nPage 27 of 1","quote_sha256":"e3f2d7e3cae6970119f9255248d8ef161e6e57098401e839bba3bb0139f895cf","reader_fragment":"p-65159-66925-e6ad5ef4b0f697be","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-65159-66925-e6ad5ef4b0f697be","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-2041b5a19b2e3b83766c","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"26A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":73131,"character_end":73451,"quote":"1[26A.  Deposits.—(1) Deposits of money may be accepted by a banking company on the \r\nfollowing basis:― \r\n \r\n(i) on participation in profit and loss of the banking company;  \r\n(ii) free of interest or return in any form, and  \r\n(iii) until such time as the Federal Government determines and notifies , by \r\npublication i","quote_sha256":"958f62b33ca857003ab367b0f79b8b0091bd230596b8ebf5edd8269291d6b7f8","reader_fragment":"p-72187-73928-86ad7d191687be92","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-72187-73928-86ad7d191687be92","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-26a-73131","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":75218,"character_end":75229,"quote":"section 26A","quote_sha256":"f4075029d25744acaed8e024f7426ce6c89965fecd7a0bba28df4b3d4be7965c","reader_fragment":"p-73928-75705-903f9513fc1fcd83","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-73928-75705-903f9513fc1fcd83","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":75048,"character_end":75459,"quote":"ements or provisioning requirements o r any condition specified in  \r\nthe license or any preventive or remedial measure 3[specified] by the State \r\nBank, \r\n \r\n \r\n \r\n1New section 26A ins. by the Banking Companies (Third Amdt.) Ordinance, 1980 (58 of 1980), s. 7. \r\n2Added by Act No. VII of 2011, s. 4. \r\n3Subs. by Act No. XXIX of 2024, s.10. \r\n \r\n \r\nPage 30 of 109 \r\n \r\nthe State Bank, by an order in writing sta","quote_sha256":"ce84eeeb6b781c9d5fa33fc0d3ae9cbcbb1bb87a70e7b0c6a0823621b4fb6350","reader_fragment":"p-73928-75705-903f9513fc1fcd83","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-73928-75705-903f9513fc1fcd83","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-e291057ef41948677a4b","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"27A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":80923,"character_end":81243,"quote":"3[27A.  Prohibition of advertising for deposits and collectio n.— Notwithstanding \r\nanything contained in any other law for the time being in force, no company, firm or person, not  \r\n1Subs., ins. and omitted  by Act No. XXIX of 2024, s.11. \r\n2Subs. by Act XIV of 1997, s. 7. \r\n3Subs. by the Finance Act, 1990 (7 of 1990","quote_sha256":"74530ea4636949a9652dc30bbcdf5feb19e7c82a52fafcc7edc31bedd9845da0","reader_fragment":"p-79227-81007-a8c2fe9916d70bd3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-79227-81007-a8c2fe9916d70bd3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-27a-80923","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":81257,"character_end":81268,"quote":"section 27A","quote_sha256":"41a7c4f0763540c4ec41b1fad4206e4eddd4213f81155ad8802c367c42a5d886","reader_fragment":"p-81007-82801-ce35e6851af3b32c","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-81007-82801-ce35e6851af3b32c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":81087,"character_end":81498,"quote":"m or person, not  \r\n1Subs., ins. and omitted  by Act No. XXIX of 2024, s.11. \r\n2Subs. by Act XIV of 1997, s. 7. \r\n3Subs. by the Finance Act, 1990 (7 of 1990), s. 4A, for section 27A, which was previously ins. by Act 6 of 1987, s. 6. \r\n \r\n \r\nPage 32 of 109 \r\n \r\nbeing a banking company or a corporation or authority established by the Federal Government or \r\na company duly authorised in this behalf by the Contr","quote_sha256":"5dd8f89946035d6dc38e7874f27b1a910947e1e666a58e11acb6e47b43370737","reader_fragment":"p-81007-82801-ce35e6851af3b32c","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-81007-82801-ce35e6851af3b32c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-7db119072ef77ba72c9e","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"40","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":126279,"character_end":126297,"quote":"40.  Inspection.— ","quote_sha256":"b465ca349cd35ca298cdf068d361f830d2d58fd8f14d766ed67f7b54cb407160","reader_fragment":"p-124793-126588-69f298e23d1bae14","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-124793-126588-69f298e23d1bae14","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-124793-126588-69f298e23d1bae14","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":85003,"character_end":85013,"quote":"section 40","quote_sha256":"c6406b3613277b4a979ad40dd9379c9756bc6f13bd9d0c8620121c78cacd4d6d","reader_fragment":"p-84556-86343-eba6ee94f034f992","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-84556-86343-eba6ee94f034f992","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":84833,"character_end":85243,"quote":"he State Bank may, before giving the permission referred to in sub -section (1) of \r\nthis section to any banking company, require to be satisfied by an inspection u nder section 40 or \r\notherwise regarding such aspects of the company‘s affairs as the State Bank may deem \r\nnecessary. \r\n \r\n29.  Maintenance  of  liquid  assets. —(1)  Every  banking  company  shall maintain in \r\nPakistan in cash, gold or unencu","quote_sha256":"cfae43a98739f1cdcaa52ae701fc17ab1dc4fa2203dacf7420e07d23f48721b6","reader_fragment":"p-84556-86343-eba6ee94f034f992","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-84556-86343-eba6ee94f034f992","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-2b1a8ceecab3dbe0aa4e","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"13","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":38229,"character_end":38549,"quote":"1[13.  Requirement as to minimum paid-up capital and reserves.—(1)Subject to sub-\r\nsection (2) no banking company shall— \r\n \r\n(a) commence business unless it has a minimum paid -up capital as may be \r\ndetermined by the State Bank; or  \r\n \r\n(b) carry on business unless the aggregate of its capital and unencumbered \r\ngen","quote_sha256":"e9eabd5259e38e36174a45dc3be28a77ba5c3d28d0405918f46a31868f2adefe","reader_fragment":"p-37043-38841-2944d87aa9c05466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-37043-38841-2944d87aa9c05466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-13-38229","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":86366,"character_end":86376,"quote":"section 13","quote_sha256":"50c92c2f0fc37afc48af1a6a3279c607c7d6468f32e5617678a43d958b50b851","reader_fragment":"p-86343-88128-8239dd53002e957f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-86343-88128-8239dd53002e957f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":86196,"character_end":86606,"quote":"ies have not been \r\ndrawn against or availed of. \r\n \r\n(2)  In computing the amount provided for in sub -section (1), any depo sit required under \r\n4[sub-section (2) ] of section 13 to be made with the State Bank by a banking company \r\nincorporated outside Pakistan and any balances maintained in Pakistan by a banking company in \r\ncurrent account with the State Bank or its agent or both, 5[or in profit and lo","quote_sha256":"b9aed3eb2125c2d7ba48db1aa9f035abad5527233cf73a997324f4d4306dc264","reader_fragment":"p-84556-86343-eba6ee94f034f992","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-84556-86343-eba6ee94f034f992","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-1e7054042e72000662c5","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"31","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":90416,"character_end":90736,"quote":"3[31.  Unclaimed deposits and articles of value.— (1) Where—  \r\n \r\n(a) a debt payable in Pakistan currency 4[or any other currency] is 1[owed] by \r\na banking company by reason of a deposit, not being a deposit in the name \r\nof a minor or a Government or a court of law, at a branch of the banking \r\ncompany 4* * in respe","quote_sha256":"1cb0f2b799e289a5b27bcb4d273c1d29582df919866fc4ca05a3c5a315715c4e","reader_fragment":"p-89891-91601-447da6920f558f15","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-89891-91601-447da6920f558f15","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-31-90416","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":91867,"character_end":91877,"quote":"section 31","quote_sha256":"605372723de9524e080050bb70181aecea1a034277c97fb63a8efd84d1a9a821","reader_fragment":"p-91601-93383-810be080f362faf2","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-91601-93383-810be080f362faf2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":91697,"character_end":92107,"quote":"978 (3 of 1978), s. 3, (w.e.f. 1 -7-1977), for \r\n“Friday”. \r\n3Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 11 (w.e.f. 13-10-1972), for  the original section 31. \r\n4Ins. & Omitted by Ord. CXI of 2002, s. 5. \r\n \r\n \r\nPage 35 of 109 \r\n \r\n(c) a cheque, draft  or  bill  of exchange including an instrument drawn by one \r\nbranch of the banking company upon another such branch payable in \r\nPakis","quote_sha256":"76f4b0bb3e32b40f5f1fa1c5681726ce19269b96989eba643993e06941b80990","reader_fragment":"p-91601-93383-810be080f362faf2","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-91601-93383-810be080f362faf2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-eb7a79dc4ea7c2e7a6e9","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"34","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":106583,"character_end":106617,"quote":"34.  Accounts and balance -sheet.—","quote_sha256":"6e0bdc70752d9635b9925d540cfb1500ae16bbc293f5e9b8ed1ce836479cb486","reader_fragment":"p-105675-107416-1d7625847cbc28a5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-105675-107416-1d7625847cbc28a5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-105675-107416-1d7625847cbc28a5","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":108487,"character_end":108497,"quote":"section 34","quote_sha256":"939f57bc7e7ecc128051fd42a0979ec7909b3392e7f3c7f30b2223110f2ca2d9","reader_fragment":"p-107416-109162-b6b087854cf10bf9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-107416-109162-b6b087854cf10bf9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":108317,"character_end":108727,"quote":"me by a 1[circular], amend the forms set out in \r\nthe Second Schedule.]  \r\n3[35.  Audit.—(1) The balance sheet and profit and loss account  prepared in accordance \r\nwith section 34 shall be audited by a person who is duly qualified, under the Chartered \r\nAccountants Ordinance, 1961 (X of 1961), or any other law for the time being in force, to be an \r\nauditor of companies and is borne on the panel of auditor","quote_sha256":"689c9945c720ea258a3f1f40706fd285c1be0f73c98c6001fe0933c266fd9738","reader_fragment":"p-107416-109162-b6b087854cf10bf9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-107416-109162-b6b087854cf10bf9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-800272a2bf46daaa14b2","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"35","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":108392,"character_end":108712,"quote":"3[35.  Audit.—(1) The balance sheet and profit and loss account  prepared in accordance \r\nwith section 34 shall be audited by a person who is duly qualified, under the Chartered \r\nAccountants Ordinance, 1961 (X of 1961), or any other law for the time being in force, to be an \r\nauditor of companies and is borne on the p","quote_sha256":"67bf340b98fa388beef39975549c408a797435bf02329c3b2d3b084e24fec0a7","reader_fragment":"p-107416-109162-b6b087854cf10bf9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-107416-109162-b6b087854cf10bf9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-35-108392","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":109270,"character_end":109280,"quote":"section 35","quote_sha256":"e25c9f7fa724a9f1e045b82b473516a21b4981735cef3f652c88713a86b3ca6e","reader_fragment":"p-109162-110878-830097c587dc8ad2","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-109162-110878-830097c587dc8ad2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":109100,"character_end":109510,"quote":") Ordinance, 1980 (58 of 1980), s. 10, for sub-section (4). \r\n3Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 12 (w.e.f. 13-10-1972), for the original section 35. \r\n4Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n \r\nPage 40 of 109 \r\n \r\n(2)  An auditor shall hold office for a period of three years and shall not be removed from \r\noffice before the expiry of t","quote_sha256":"4a90a93539747c053be9d0dbfbc8082e8d823056c9d223c3427d40db12782688","reader_fragment":"p-107416-109162-b6b087854cf10bf9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-107416-109162-b6b087854cf10bf9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-7b3b6b1fe3add50ff22b","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"34","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":106583,"character_end":106617,"quote":"34.  Accounts and balance -sheet.—","quote_sha256":"6e0bdc70752d9635b9925d540cfb1500ae16bbc293f5e9b8ed1ce836479cb486","reader_fragment":"p-105675-107416-1d7625847cbc28a5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-105675-107416-1d7625847cbc28a5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-105675-107416-1d7625847cbc28a5","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":111739,"character_end":111749,"quote":"section 34","quote_sha256":"939f57bc7e7ecc128051fd42a0979ec7909b3392e7f3c7f30b2223110f2ca2d9","reader_fragment":"p-110878-112627-2889cba618339f80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-110878-112627-2889cba618339f80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":111569,"character_end":111979,"quote":"considers should be brought to the notice of the \r\nshareholders of the banking company.]  \r\n3[36.  Submission of returns . The accounts and balance -sheet referred to in section 34 \r\ntogether with the auditor ’s report as passed in the Annual General Meeting shall be published in \r\nthe manner specified by th e State Bank, and three copies thereof  shall be furnished as returns to \r\nthe State Bank within thr","quote_sha256":"fdeb16981951785bb9ade458fc787090c279c1f4513f43e2ba23171c3d78241f","reader_fragment":"p-110878-112627-2889cba618339f80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-110878-112627-2889cba618339f80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-1381c4efee4288e00095","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"36","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":111661,"character_end":111981,"quote":"3[36.  Submission of returns . The accounts and balance -sheet referred to in section 34 \r\ntogether with the auditor ’s report as passed in the Annual General Meeting shall be published in \r\nthe manner specified by th e State Bank, and three copies thereof  shall be furnished as returns to \r\nthe State Bank within three","quote_sha256":"c5feefbcd11b1507705c44f15e77eba9de2621e4b9f94c7db424b6383463bced","reader_fragment":"p-110878-112627-2889cba618339f80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-110878-112627-2889cba618339f80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-36-111661","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":112729,"character_end":112739,"quote":"section 36","quote_sha256":"c5fee9ac8b0a1fc2928b8a6421750801a53651dacfe837da39180b529d3b71c6","reader_fragment":"p-112627-114382-25b9750d384323f7","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-112627-114382-25b9750d384323f7","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":112559,"character_end":112969,"quote":"nce Sheet s and Accounts to be sent to Registrar. Where a banking \r\ncompany in any year furnishes its balance -sheet and accounts in acc ordance with the provisions \r\nof section 36 it may, or when it is a private company, shall, at the same time send to the registr ar \r\nthree copies of such balance -sheet and accounts and of the auditor ’s report,  and where such \r\ncopies are so sent, it shall not be  neces","quote_sha256":"81843b236df96228f215ceac91e45667ed320911e057012059655b07429af29e","reader_fragment":"p-110878-112627-2889cba618339f80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-110878-112627-2889cba618339f80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-c53ad11605016875fd71","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"34","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":106583,"character_end":106617,"quote":"34.  Accounts and balance -sheet.—","quote_sha256":"6e0bdc70752d9635b9925d540cfb1500ae16bbc293f5e9b8ed1ce836479cb486","reader_fragment":"p-105675-107416-1d7625847cbc28a5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-105675-107416-1d7625847cbc28a5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-105675-107416-1d7625847cbc28a5","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":113751,"character_end":113761,"quote":"section 34","quote_sha256":"939f57bc7e7ecc128051fd42a0979ec7909b3392e7f3c7f30b2223110f2ca2d9","reader_fragment":"p-112627-114382-25b9750d384323f7","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-112627-114382-25b9750d384323f7","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":113581,"character_end":113991,"quote":"conspicuous place in \r\nits principal office and in every branch office in Pakistan, a copy of its last audited balance sheet \r\nand profit and loss account prepared under section 34 and shall keep it so displayed until \r\nreplaced by a copy of the subsequent balance sheet and profit and loss account so prepared and \r\nevery such banking company shall in addition display in like manner copies of its complete \r\n","quote_sha256":"a0f3548440191d1b1165f24bb3a2f37b3c8051e2c25f9fceb35103f0efe7a4d0","reader_fragment":"p-112627-114382-25b9750d384323f7","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-112627-114382-25b9750d384323f7","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-cfbb119171fba853a267","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"39B","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":115362,"character_end":115682,"quote":"39B. Definitions. __ The terms defined herein would only be applicable for this part and \r\nnotwithstanding anything contained to the contrary in this Ordinance, the following defined \r\nterms will have the meaning assigned to them under this part:__ \r\n(a) “Islamic banking institution” means: \r\n \r\n1Subs. by Finance Act, ","quote_sha256":"9e960f75e1539feb6be301b52dd55508e38e359073244f7ec9d4554e1e846b37","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-39b-115362","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":114925,"character_end":114938,"quote":"section \r\n39B","quote_sha256":"4410915a003fe304d129cdc5f3d4fbdf546d2e3993578ea017224374fded631d","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":114755,"character_end":115168,"quote":"d application. __ Save as expressly provided in thi s part, the provisions \r\nhereof shall apply to all Islamic banking institutions as defined hereunder in clause (a) of section \r\n39B and wherever applicable to Islamic financial institutions as defined in clause (h) of section \r\n39B and shall have effect notwithstanding anything contained to the contrary in the Ordinance or \r\nin any other law for the time bein","quote_sha256":"0403af0a719a8b79903a2ee843b548174ca0416064068bd57071a0db15020c45","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-49857160b11bc0cce049","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"39B","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":115362,"character_end":115682,"quote":"39B. Definitions. __ The terms defined herein would only be applicable for this part and \r\nnotwithstanding anything contained to the contrary in this Ordinance, the following defined \r\nterms will have the meaning assigned to them under this part:__ \r\n(a) “Islamic banking institution” means: \r\n \r\n1Subs. by Finance Act, ","quote_sha256":"9e960f75e1539feb6be301b52dd55508e38e359073244f7ec9d4554e1e846b37","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-39b-115362","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":115025,"character_end":115038,"quote":"section \r\n39B","quote_sha256":"4410915a003fe304d129cdc5f3d4fbdf546d2e3993578ea017224374fded631d","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":114855,"character_end":115268,"quote":"ll Islamic banking institutions as defined hereunder in clause (a) of section \r\n39B and wherever applicable to Islamic financial institutions as defined in clause (h) of section \r\n39B and shall have effect notwithstanding anything contained to the contrary in the Ordinance or \r\nin any other law for the time being in force. All the provisions of this Ordinance except sub -\r\nsections (1), (2), (3) and (4) of sec","quote_sha256":"ee48f050c97970ea65f44d89eac8649acd9a42af15f76f1eef6157dc9297ae12","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-7164b26df846f5213bd8","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"26A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":73131,"character_end":73451,"quote":"1[26A.  Deposits.—(1) Deposits of money may be accepted by a banking company on the \r\nfollowing basis:― \r\n \r\n(i) on participation in profit and loss of the banking company;  \r\n(ii) free of interest or return in any form, and  \r\n(iii) until such time as the Federal Government determines and notifies , by \r\npublication i","quote_sha256":"958f62b33ca857003ab367b0f79b8b0091bd230596b8ebf5edd8269291d6b7f8","reader_fragment":"p-72187-73928-86ad7d191687be92","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-72187-73928-86ad7d191687be92","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-26a-73131","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":115265,"character_end":115276,"quote":"section 26A","quote_sha256":"f4075029d25744acaed8e024f7426ce6c89965fecd7a0bba28df4b3d4be7965c","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":115095,"character_end":115506,"quote":" to the contrary in the Ordinance or \r\nin any other law for the time being in force. All the provisions of this Ordinance except sub -\r\nsections (1), (2), (3) and (4) of section 26A shall be applicable to Islamic banking institutions \r\nunless repugnant to Shariah. \r\n39B. Definitions. __ The terms defined herein would only be applicable for this part and \r\nnotwithstanding anything contained to the contrary in","quote_sha256":"2347a70a3a073ce2994c692708e25ab1f971a10d9c0a85b88b34e1133d45a133","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-bf0bccb0a75dcb7a5f1f","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"3A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":9748,"character_end":10068,"quote":"3[3A.  Limited application of Ordinance to certain function institutions:—  \r\n4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, \r\n41C, 41D, 42, 5[42A, 42B, 42C, 42D, 42E, 42F, 42G,  42I,] 48, 49, 51, 58, 83, 84 5[93C, \r\n93CA,] and 94 shall, with such modification as the St","quote_sha256":"650f3eee78214be527ac43235365e98ad59dbccdda03f568e2db2c2efb0f02fa","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-3a-9748","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":118231,"character_end":118241,"quote":"section 3A","quote_sha256":"630c8088647990e346617c7f51fe6bb420c5ec9f16046043f0279a1ce9b083b8","reader_fragment":"p-117943-119697-abf5a4ff6c9a1d37","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-117943-119697-abf5a4ff6c9a1d37","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":118061,"character_end":118471,"quote":"Shariah” means the injunctions of Islam as laid down in the Holy Quran and \r\nSunnah; \r\n(h)  “Islamic financial institution” means the financial institutions covered in \r\nsection 3A and permitted by the State B ank to conduct their business and  \r\noperations in accordance with Principles of Shariah; \r\n(i)  “Principles of Shariah” mean the following principles governing Islamic \r\nbanking and finance: \r\n(i) pr","quote_sha256":"7f99b014907f686e185434daced2b090890bf1e10ef25542e1819209067ba19e","reader_fragment":"p-117943-119697-abf5a4ff6c9a1d37","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-117943-119697-abf5a4ff6c9a1d37","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-e31126717f74ba32d96e","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"7","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":23775,"character_end":23838,"quote":"7.  Forms of business in which ba nking companies may engage. —","quote_sha256":"1b952336f03a3ade10f0383d4ca69c20da82e124534d7134c55c67d1be7d6479","reader_fragment":"p-22924-24690-31ec20b6fc88ca6b","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-22924-24690-31ec20b6fc88ca6b","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-22924-24690-31ec20b6fc88ca6b","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":119486,"character_end":119495,"quote":"section 7","quote_sha256":"28f5bb7d4b325f950aff65a2815359bf6aa334ddc0a376911f880c702b49db95","reader_fragment":"p-117943-119697-abf5a4ff6c9a1d37","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-117943-119697-abf5a4ff6c9a1d37","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":119316,"character_end":119725,"quote":"ed and Unrestricted Investment Accounts on modes, based on \r\nthe Principles of Shariah, as specified by the State Bank. \r\n(c)  Doing such businesses as are prescribed in section 7 of this Ordinance subject to \r\nconformity with the Principles of Shariah, as specified by the State Bank. \r\n39D. Relationship b etween an Islamic banking institution or Islamic financial institution \r\nand its customers. __ The re","quote_sha256":"f9d658d000d938102568a80c06bca624acb4120f43344b20b23453cfd54715ea","reader_fragment":"p-117943-119697-abf5a4ff6c9a1d37","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-117943-119697-abf5a4ff6c9a1d37","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-86f6bc2e0540e27e4da8","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"26A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":73131,"character_end":73451,"quote":"1[26A.  Deposits.—(1) Deposits of money may be accepted by a banking company on the \r\nfollowing basis:― \r\n \r\n(i) on participation in profit and loss of the banking company;  \r\n(ii) free of interest or return in any form, and  \r\n(iii) until such time as the Federal Government determines and notifies , by \r\npublication i","quote_sha256":"958f62b33ca857003ab367b0f79b8b0091bd230596b8ebf5edd8269291d6b7f8","reader_fragment":"p-72187-73928-86ad7d191687be92","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-72187-73928-86ad7d191687be92","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-26a-73131","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":125461,"character_end":125472,"quote":"section 26A","quote_sha256":"f4075029d25744acaed8e024f7426ce6c89965fecd7a0bba28df4b3d4be7965c","reader_fragment":"p-124793-126588-69f298e23d1bae14","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-124793-126588-69f298e23d1bae14","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":125291,"character_end":125702,"quote":"addition to the other provisions of the Ordinance relating to Islamic banking and shall be read \r\naccordingly. \r\n(2) Except for the sub-sections (1), (2), (3) and (4) of section 26A , all other provisions of this \r\nOrdinance mentioning the term “deposits” of conventional banks shall also be construed to cover \r\n“Islamic deposit accounts” and “investment accounts” of Islamic banking institutions. \r\n(3) All pr","quote_sha256":"fe74f08f8fce9b914db52a91aa2498fb7753a6d5aaaf013a9f5783abd0232f7b","reader_fragment":"p-124793-126588-69f298e23d1bae14","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-124793-126588-69f298e23d1bae14","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-f705a94e2770d86e6e06","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"27A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":80923,"character_end":81243,"quote":"3[27A.  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Inspection.— ","quote_sha256":"b465ca349cd35ca298cdf068d361f830d2d58fd8f14d766ed67f7b54cb407160","reader_fragment":"p-124793-126588-69f298e23d1bae14","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-124793-126588-69f298e23d1bae14","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-124793-126588-69f298e23d1bae14","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":128309,"character_end":128319,"quote":"Section 40","quote_sha256":"c7d74952e9aae856f798645533cb19cf72b8c88c87022967bcef0aa9fac8ee7f","reader_fragment":"p-126588-128386-b80615ce3e8b82d9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-126588-128386-b80615ce3e8b82d9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":128139,"character_end":128549,"quote":"ted by Act XIV of 1997, s.10.  \r\n \r\n \r\nPage 46 of 109 \r\n \r\n  1[40A.  Responsibility of State Bank—(1) Without prejudice to the powers conferred on \r\nthe State Bank under Section 40 and notwithstanding anything contained therein, it shall be the \r\nresponsibility and  duty of the State Bank to systematically monitor the performance of every \r\nbanking company so as to ensure that it is complying with the appli","quote_sha256":"45b01e938b0960862f983615720db0567f9be226d09caaa1102a7a3d56c124d3","reader_fragment":"p-126588-128386-b80615ce3e8b82d9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-126588-128386-b80615ce3e8b82d9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-37d9287b9e81be0e5141","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"3A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":9748,"character_end":10068,"quote":"3[3A.  Limited application of Ordinance to certain function institutions:—  \r\n4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, \r\n41C, 41D, 42, 5[42A, 42B, 42C, 42D, 42E, 42F, 42G,  42I,] 48, 49, 51, 58, 83, 84 5[93C, \r\n93CA,] and 94 shall, with such modification as the St","quote_sha256":"650f3eee78214be527ac43235365e98ad59dbccdda03f568e2db2c2efb0f02fa","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-3a-9748","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":130472,"character_end":130482,"quote":"section 3A","quote_sha256":"630c8088647990e346617c7f51fe6bb420c5ec9f16046043f0279a1ce9b083b8","reader_fragment":"p-130106-131846-cabdc3f498246dee","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-130106-131846-cabdc3f498246dee","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":130302,"character_end":130712,"quote":"\r\nguidelines, instructions, notifications, and circulars or impose any condition]  with respect to \r\nactivities and operations of banks and the institutions mentioned in section 3A as may be deemed \r\nnecessary by it for carrying out purposes of this Ordinance and matters ancillary thereto.] \r\n \r\n2[(3)]  The State Bank may, on representation made to it or on its own motion, modify or \r\ncancel any direction i","quote_sha256":"f047116d316533683f8d2f656c3b9f0e2d0c1041a08e37d92d425adc75cb504d","reader_fragment":"p-130106-131846-cabdc3f498246dee","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-130106-131846-cabdc3f498246dee","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-5fde7bda50de134d1c97","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"41A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":132133,"character_end":132453,"quote":"1[41A.  Power of the State Bank to remove directors or other managerial persons \r\nfrom office.— (1) where the State Bank is satisfied that— \r\n(a) the association of any chairman or director or chief executive (by whatever \r\nname called)  or other officer of a banking co mpany, not being lower in \r\nrank than a branch ma","quote_sha256":"ed86f992ced8550d57e942179e6ac4cdfc6c9b1f4160a98cf5d5f323282bb744","reader_fragment":"p-131846-133630-110ffc5d3ef6275d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-131846-133630-110ffc5d3ef6275d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41a-132133","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":136385,"character_end":136396,"quote":"section 41A","quote_sha256":"75c0270c28a1743305206c05160e6d135636e36d2628a87074a2349edaffbff4","reader_fragment":"p-135400-137149-efdee2eb0e740682","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-135400-137149-efdee2eb0e740682","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":136215,"character_end":136626,"quote":"detrimental to the interests of the \r\nbanking company or its depositors or otherwise undesirable; or  \r\n \r\n(b) for all any of the reasons mentioned in sub-section (1) of section 41A;  \r\nit is necessary so to do, the State Bank may, for reasons to be recorded in writing, by order, \r\nsupersede the Board of Directors of a banking company with effect from such date and for such \r\nperiod as may be specified in th","quote_sha256":"4d343ff0b4b9201222f96b9c49f9f10849b0a20eafddf3725c7b66304129a07d","reader_fragment":"p-135400-137149-efdee2eb0e740682","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-135400-137149-efdee2eb0e740682","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-0dc741934eb4ade0fd28","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"41A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":132133,"character_end":132453,"quote":"1[41A.  Power of the State Bank to remove directors or other managerial persons \r\nfrom office.— (1) where the State Bank is satisfied that— \r\n(a) the association of any chairman or director or chief executive (by whatever \r\nname called)  or other officer of a banking co mpany, not being lower in \r\nrank than a branch ma","quote_sha256":"ed86f992ced8550d57e942179e6ac4cdfc6c9b1f4160a98cf5d5f323282bb744","reader_fragment":"p-131846-133630-110ffc5d3ef6275d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-131846-133630-110ffc5d3ef6275d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41a-132133","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137334,"character_end":137345,"quote":"section 41A","quote_sha256":"75c0270c28a1743305206c05160e6d135636e36d2628a87074a2349edaffbff4","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137164,"character_end":137575,"quote":"rcised and performed by such person as the State Bank may from time to time \r\nappoint in this behalf.  \r\n \r\n(4)  The provisions of sub -sections (2), (3), (4) and (5) of section 41A shall, with the \r\nnecessary modifications, apply to an order made under sub-section (1) or sub-section (3).  \r\n1[41C. Limitations.__ (1) No decision or order under section 41A, section 41B, clause (q) \r\nof sub-section (2) of sect","quote_sha256":"cb2c560abf04cf405214c61c182917b45ce311e2775d979031742a4a78a69414","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-9af4e7c190ee2f961475","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"41A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":132133,"character_end":132453,"quote":"1[41A.  Power of the State Bank to remove directors or other managerial persons \r\nfrom office.— (1) where the State Bank is satisfied that— \r\n(a) the association of any chairman or director or chief executive (by whatever \r\nname called)  or other officer of a banking co mpany, not being lower in \r\nrank than a branch ma","quote_sha256":"ed86f992ced8550d57e942179e6ac4cdfc6c9b1f4160a98cf5d5f323282bb744","reader_fragment":"p-131846-133630-110ffc5d3ef6275d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-131846-133630-110ffc5d3ef6275d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41a-132133","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137510,"character_end":137521,"quote":"section 41A","quote_sha256":"75c0270c28a1743305206c05160e6d135636e36d2628a87074a2349edaffbff4","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137340,"character_end":137751,"quote":"n 41A shall, with the \r\nnecessary modifications, apply to an order made under sub-section (1) or sub-section (3).  \r\n1[41C. Limitations.__ (1) No decision or order under section 41A, section 41B, clause (q) \r\nof sub-section (2) of section 42, clause (i) and (iv) of sub-section(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\ntha","quote_sha256":"d5d6b65b55228c461b46a6016a55a2dd4f9858e6c9f1073dbed362df86cd65de","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-03e1093f75f2341e3a2e","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"41B","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":135964,"character_end":136284,"quote":"41B.  Power of the State Bank to supersede Board of Directors of banking \r\ncompany.—(1) Where the State Bank is satisfied that— \r\n \r\n(a) the association of the Board of D irectors (by whatever name called) of a \r\nbanking company is or is likely to be detrimental to the interests of the \r\nbanking company or its deposito","quote_sha256":"75085d1079fc9385f7f51775a979dd19123cfa2f85dd9846b9a08ee5dcd4e3df","reader_fragment":"p-135400-137149-efdee2eb0e740682","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-135400-137149-efdee2eb0e740682","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41b-135964","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137523,"character_end":137534,"quote":"section 41B","quote_sha256":"0054818f7e5cca00355c70143ee889b0bb415deb3308d1cde97ee2f7518fb219","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137353,"character_end":137764,"quote":"with the \r\nnecessary modifications, apply to an order made under sub-section (1) or sub-section (3).  \r\n1[41C. Limitations.__ (1) No decision or order under section 41A, section 41B, clause (q) \r\nof sub-section (2) of section 42, clause (i) and (iv) of sub-section(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order un","quote_sha256":"3b96b5a7943aee9371ed06a154e4a416ca7a2bfe9ae3bf88596612d4744f28d9","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-917100c93bd7874cacd1","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":139262,"character_end":139582,"quote":"1[42. Intervention triggers and powers of the State Bank .__ (1) The Stat e Bank may \r\nexercise any one or more of the powers under sub -section (2) of this section, if it is satisfied that \r\nany of the circumstances exist under which__ \r\n(a) a banking company__ \r\n(i)  has engaged any director, chief executive, by what","quote_sha256":"59a1b0bd5c1bae400dae205dae13030c499ba9040eeebc67fbbaf053d57f1c7c","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42-139262","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137571,"character_end":137581,"quote":"section 42","quote_sha256":"234bed30d892729e03c621f6ed386a20c12479dc0ec1aa7fea1078642cc53fd6","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137401,"character_end":137811,"quote":"order made under sub-section (1) or sub-section (3).  \r\n1[41C. Limitations.__ (1) No decision or order under section 41A, section 41B, clause (q) \r\nof sub-section (2) of section 42, clause (i) and (iv) of sub-section(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of su","quote_sha256":"9e87214f89ddbee74265486b405a38c0f44d5aa55901b74cea19e58920808ef7","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-4f4477d5700ea7d59037","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42C","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":146953,"character_end":147273,"quote":"42C. Resolution planning.__ (1) To give effect to the Resolution objectives as set out in \r\nsection 42B, the State Bank may__ \r\n(i)  prepare a plan for the orderly Resolution of a systemically important bank \r\nas specified by the State Bank, or any other banking company and upda te \r\nsuch plans at regular intervals or ","quote_sha256":"8503cd27e7bb8351b842bb8a78f584090862b307c74b3044f01cab9fb1289e64","reader_fragment":"p-145918-147656-b5f8543a58842bf5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-145918-147656-b5f8543a58842bf5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42c-146953","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137624,"character_end":137635,"quote":"section 42C","quote_sha256":"8550b4fc6228f350b1103848fcb72f9b27c2dba3aaa9d544282ad16385cde898","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137454,"character_end":137865,"quote":" \r\n1[41C. Limitations.__ (1) No decision or order under section 41A, section 41B, clause (q) \r\nof sub-section (2) of section 42, clause (i) and (iv) of sub-section(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of sub -section (2) of section 42 and \r\nsection 42D shall b","quote_sha256":"8a393db411c09ca310dfb2b7d7c12a9a10bcb3f952f2d241eeaa574af6d7cfb0","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-cdc2c47d2f0085b0dc33","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137637,"character_end":137648,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137467,"character_end":137878,"quote":"itations.__ (1) No decision or order under section 41A, section 41B, clause (q) \r\nof sub-section (2) of section 42, clause (i) and (iv) of sub-section(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of sub -section (2) of section 42 and \r\nsection 42D shall be made by the","quote_sha256":"cf404d4faa877b6191d33b8f326385c6021cb863c371153c0e792d0d640922ad","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-33f79b810fbad36447e0","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":139262,"character_end":139582,"quote":"1[42. Intervention triggers and powers of the State Bank .__ (1) The Stat e Bank may \r\nexercise any one or more of the powers under sub -section (2) of this section, if it is satisfied that \r\nany of the circumstances exist under which__ \r\n(a) a banking company__ \r\n(i)  has engaged any director, chief executive, by what","quote_sha256":"59a1b0bd5c1bae400dae205dae13030c499ba9040eeebc67fbbaf053d57f1c7c","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42-139262","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137675,"character_end":137685,"quote":"section 42","quote_sha256":"234bed30d892729e03c621f6ed386a20c12479dc0ec1aa7fea1078642cc53fd6","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137505,"character_end":137915,"quote":"nder section 41A, section 41B, clause (q) \r\nof sub-section (2) of section 42, clause (i) and (iv) of sub-section(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of sub -section (2) of section 42 and \r\nsection 42D shall be made by the Executive Committee on a report by t","quote_sha256":"70645762d3aecfa2c6c86d5fa5f32d398b38a9733890b26a77674c4010d74f6f","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-81dfdb9c7b1d0bcb6cdc","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"41A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":132133,"character_end":132453,"quote":"1[41A.  Power of the State Bank to remove directors or other managerial persons \r\nfrom office.— (1) where the State Bank is satisfied that— \r\n(a) the association of any chairman or director or chief executive (by whatever \r\nname called)  or other officer of a banking co mpany, not being lower in \r\nrank than a branch ma","quote_sha256":"ed86f992ced8550d57e942179e6ac4cdfc6c9b1f4160a98cf5d5f323282bb744","reader_fragment":"p-131846-133630-110ffc5d3ef6275d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-131846-133630-110ffc5d3ef6275d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41a-132133","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137768,"character_end":137779,"quote":"section 41A","quote_sha256":"75c0270c28a1743305206c05160e6d135636e36d2628a87074a2349edaffbff4","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137598,"character_end":138009,"quote":"(iv) of sub-section(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of sub -section (2) of section 42 and \r\nsection 42D shall be made by the Executive Committee on a report by the standing committee set \r\nup by the State Bank for the purpose. All orders on decisions of t","quote_sha256":"4dad6d94548b373206c100b51770dd618a3b7fa40951778ecaa4baa6a01f17de","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-17f995cf43a6bec8017a","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"41B","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":135964,"character_end":136284,"quote":"41B.  Power of the State Bank to supersede Board of Directors of banking \r\ncompany.—(1) Where the State Bank is satisfied that— \r\n \r\n(a) the association of the Board of D irectors (by whatever name called) of a \r\nbanking company is or is likely to be detrimental to the interests of the \r\nbanking company or its deposito","quote_sha256":"75085d1079fc9385f7f51775a979dd19123cfa2f85dd9846b9a08ee5dcd4e3df","reader_fragment":"p-135400-137149-efdee2eb0e740682","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-135400-137149-efdee2eb0e740682","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41b-135964","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137782,"character_end":137793,"quote":"section 41B","quote_sha256":"0054818f7e5cca00355c70143ee889b0bb415deb3308d1cde97ee2f7518fb219","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137612,"character_end":138023,"quote":"ction(1) of section 42C, section 42D, \r\nand sub-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of sub -section (2) of section 42 and \r\nsection 42D shall be made by the Executive Committee on a report by the standing committee set \r\nup by the State Bank for the purpose. All orders on decisions of the Ex ecutive ","quote_sha256":"531208f27ae6929f9edca843a8c559b2d194e948710f73bd806716959a2b41ca","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-b1aa2878b8fa69a2f949","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":139262,"character_end":139582,"quote":"1[42. Intervention triggers and powers of the State Bank .__ (1) The Stat e Bank may \r\nexercise any one or more of the powers under sub -section (2) of this section, if it is satisfied that \r\nany of the circumstances exist under which__ \r\n(a) a banking company__ \r\n(i)  has engaged any director, chief executive, by what","quote_sha256":"59a1b0bd5c1bae400dae205dae13030c499ba9040eeebc67fbbaf053d57f1c7c","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42-139262","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137829,"character_end":137839,"quote":"section 42","quote_sha256":"234bed30d892729e03c621f6ed386a20c12479dc0ec1aa7fea1078642cc53fd6","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137659,"character_end":138069,"quote":"-section (1) of section 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of sub -section (2) of section 42 and \r\nsection 42D shall be made by the Executive Committee on a report by the standing committee set \r\nup by the State Bank for the purpose. 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Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137846,"character_end":137857,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":137676,"character_end":138087,"quote":"ection 42 E shall be made except by the Executive Committee. Provided \r\nthat an order under section 41A , section 41B, clause (q) of sub -section (2) of section 42 and \r\nsection 42D shall be made by the Executive Committee on a report by the standing committee set \r\nup by the State Bank for the purpose. 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Power of the State Bank to remove directors or other managerial persons \r\nfrom office.— (1) where the State Bank is satisfied that— \r\n(a) the association of any chairman or director or chief executive (by whatever \r\nname called)  or other officer of a banking co mpany, not being lower in \r\nrank than a branch ma","quote_sha256":"ed86f992ced8550d57e942179e6ac4cdfc6c9b1f4160a98cf5d5f323282bb744","reader_fragment":"p-131846-133630-110ffc5d3ef6275d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-131846-133630-110ffc5d3ef6275d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41a-132133","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":138612,"character_end":138623,"quote":"section 41A","quote_sha256":"75c0270c28a1743305206c05160e6d135636e36d2628a87074a2349edaffbff4","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":138442,"character_end":138853,"quote":" by or before any court, tribunal or other authority.]  \r\n2[41D.  Prosecution of directors, chief ex ecutives or other officers.  Notwithstanding \r\nanything contained in section 41A  1[and clause (a) of sub -section (1) of section 42E],  the State \r\nBank may direct prosecution of a director or chief executive by whatever name called or other \r\nofficer who, in its opinion, has knowingly acted in a manner caus","quote_sha256":"77399a776c9ced0039633ef449355908e023584339eefd1d0658a1c730ea9bc2","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-904adc21ccd4adfaae2c","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42E","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153399,"character_end":153719,"quote":"42E. Resolution powers.__ (1) Where an order is made under section 42D, the State Bank \r\nshall have full control over the aff airs of the banking company and may exercise one or more of \r\nthe following powers, separately or in combination, to achieve its Resolution objectives: \r\n(a)  remove directors or chief executive","quote_sha256":"5d4fe55dc75275a1fac06e6483e664314ddb3d8beddd9fac561be5ddf436a2c9","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42e-153399","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":138665,"character_end":138676,"quote":"section 42E","quote_sha256":"b145da8ed5cee3ad366234177f2411688e0a07bbee4511b3818e4752afe720f3","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":138495,"character_end":138906,"quote":"]  \r\n2[41D.  Prosecution of directors, chief ex ecutives or other officers.  Notwithstanding \r\nanything contained in section 41A  1[and clause (a) of sub -section (1) of section 42E],  the State \r\nBank may direct prosecution of a director or chief executive by whatever name called or other \r\nofficer who, in its opinion, has knowingly acted in a manner causing loss of depositor’s money or \r\nof the income of t","quote_sha256":"03488903e8e069a2f735779f3fd51b34638664ee1f73f24e96644542efa641aa","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-4d8ede983132d1648a45","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"41","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":129498,"character_end":129548,"quote":"41.  Power of the State Bank to give directions. —","quote_sha256":"375f55db8c28d47caf805c9ea9f654701106bf8a190e3e288b15c8fffda6ff3f","reader_fragment":"p-128386-130106-94b726e25d7b4259","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-128386-130106-94b726e25d7b4259","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-128386-130106-94b726e25d7b4259","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":140167,"character_end":140177,"quote":"section 41","quote_sha256":"70c1774c9253802b2ed5d2e6aeca3b1c0b20362de2d7e8e4db4a767970e88503","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":139997,"character_end":140407,"quote":"ubs., and ins. by Act No. XXIX of 2024, ss. 22-24. \r\n2Ins.  by Act XIV of 1997, s.14. \r\n \r\n \r\nPage 50 of 109 \r\n \r\n(iv)  has contravened or circumvented any provi sion of section 41 or \r\nany other provision of this Ordinance, or defaulted in complying \r\nwith any requirement of this Ordinance or of any order, rule, \r\ndirection or notification made or condition imposed thereunder; \r\n(v)  in any return, balance","quote_sha256":"857725ce09e3578b041ec3071bc157d9eb0580467f6c35de67da0b43467bda12","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-675f8beca12361c7139f","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"87","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":294555,"character_end":294624,"quote":"87. Restriction on acceptance of deposits withdrawable by cheques. — ","quote_sha256":"13043ddeb9e9a3a0ac4575bc77a9754d86ab3fc8a9274676d1ac4127cadd12a5","reader_fragment":"p-293227-294993-c5dead2ac53cb778","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-293227-294993-c5dead2ac53cb778","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-293227-294993-c5dead2ac53cb778","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":145937,"character_end":145947,"quote":"section 87","quote_sha256":"36729426ce4946ec41f5333f4327b497eb7317172b57fb152355bc1c4559957b","reader_fragment":"p-145918-147656-b5f8543a58842bf5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-145918-147656-b5f8543a58842bf5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":145767,"character_end":146177,"quote":"tion \r\nunder this clause shall have effect notwithstanding the provisions \r\ncontained in sections 89 to 97 of the Companies Act, 2017 (XIX of 2017), \r\nsub-section (2) of section 87 the Securities Act , 2015 (III of 2015) or any \r\nother law for the time being in force. \r\n(3) Where the voting shares of a banking company are to be acquired for the purposes of \r\na recapitalization as an early intervention measu","quote_sha256":"e8381d13bdfb899888219b930a50ee2e64b5d389c393429d64ab2203b45f34c1","reader_fragment":"p-144194-145918-cda78941ec607a72","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-144194-145918-cda78941ec607a72","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-af89782a32407c10b48c","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"3A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":9748,"character_end":10068,"quote":"3[3A.  Limited application of Ordinance to certain function institutions:—  \r\n4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, \r\n41C, 41D, 42, 5[42A, 42B, 42C, 42D, 42E, 42F, 42G,  42I,] 48, 49, 51, 58, 83, 84 5[93C, \r\n93CA,] and 94 shall, with such modification as the St","quote_sha256":"650f3eee78214be527ac43235365e98ad59dbccdda03f568e2db2c2efb0f02fa","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-3a-9748","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":146724,"character_end":146734,"quote":"section 3A","quote_sha256":"630c8088647990e346617c7f51fe6bb420c5ec9f16046043f0279a1ce9b083b8","reader_fragment":"p-145918-147656-b5f8543a58842bf5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-145918-147656-b5f8543a58842bf5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":146554,"character_end":146964,"quote":" this Ordinance and \r\nany other law for the time being in force, the State Bank shall be the Resolution authority of \r\nbanking companies and institutions specified under section 3A of this Ordinance. \r\n42B. 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Intervention triggers and powers of the State Bank .__ (1) The Stat e Bank may \r\nexercise any one or more of the powers under sub -section (2) of this section, if it is satisfied that \r\nany of the circumstances exist under which__ \r\n(a) a banking company__ \r\n(i)  has engaged any director, chief executive, by what","quote_sha256":"59a1b0bd5c1bae400dae205dae13030c499ba9040eeebc67fbbaf053d57f1c7c","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42-139262","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":150845,"character_end":150855,"quote":"section 42","quote_sha256":"234bed30d892729e03c621f6ed386a20c12479dc0ec1aa7fea1078642cc53fd6","reader_fragment":"p-149399-151131-0a4b0445bafda8b5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-149399-151131-0a4b0445bafda8b5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":150675,"character_end":151085,"quote":"siders that no action will be taken in \r\nrespect of a failing banking company in its country of origin; \r\n(vii)  fails to implement any of the measures as required under section 42, \r\nincluding failure to provide a plan of action or documents of commitment \r\nor has breached requirements under any plan of action or documents of \r\ncommitment submitted to the State Bank; \r\n(viii)  is otherwise in a situation o","quote_sha256":"e07632da36104ebf2ff4d17cda1e6b56f15f2e1f6929f54fe46132d1db4e8cfc","reader_fragment":"p-149399-151131-0a4b0445bafda8b5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-149399-151131-0a4b0445bafda8b5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-09d4cc639cb13698e576","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":139262,"character_end":139582,"quote":"1[42. Intervention triggers and powers of the State Bank .__ (1) The Stat e Bank may \r\nexercise any one or more of the powers under sub -section (2) of this section, if it is satisfied that \r\nany of the circumstances exist under which__ \r\n(a) a banking company__ \r\n(i)  has engaged any director, chief executive, by what","quote_sha256":"59a1b0bd5c1bae400dae205dae13030c499ba9040eeebc67fbbaf053d57f1c7c","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42-139262","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":151758,"character_end":151768,"quote":"section 42","quote_sha256":"234bed30d892729e03c621f6ed386a20c12479dc0ec1aa7fea1078642cc53fd6","reader_fragment":"p-151131-152909-074c96e2fe12b15d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-151131-152909-074c96e2fe12b15d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":151588,"character_end":151998,"quote":"as \r\nmay be specified in that behalf by the State Bank from time to time. \r\n(2) The adoption of any supervisory action or any early intervention measures as set out \r\nin section 42 or the submission of any report under sub -section (2) of section 40A shall not be a \r\nprecondition for Resolution. \r\n(3) No order under this sec tion shall be made unless the banking company concerned has \r\nbeen given an opportu","quote_sha256":"c7f15a14ef8dfe77ab95325bd23d7ef85438911946f5fc1642fec80e83241abf","reader_fragment":"p-151131-152909-074c96e2fe12b15d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-151131-152909-074c96e2fe12b15d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-e0660fdfbb9f539d6cde","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"40A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":128200,"character_end":128520,"quote":"1[40A.  Responsibility of State Bank—(1) Without prejudice to the powers conferred on \r\nthe State Bank under Section 40 and notwithstanding anything contained therein, it shall be the \r\nresponsibility and  duty of the State Bank to systematically monitor the performance of every \r\nbanking company so as to ensure that i","quote_sha256":"35f348163847fdaa04c421bd47618aa27646be9031ce05cb6114b3fb883e8a94","reader_fragment":"p-126588-128386-b80615ce3e8b82d9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-126588-128386-b80615ce3e8b82d9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-40a-128200","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":151827,"character_end":151838,"quote":"section 40A","quote_sha256":"32f3b8612e43fb20fd1af9bb0386bdfe7d82f50060205dee63ade79e85a7a554","reader_fragment":"p-151131-152909-074c96e2fe12b15d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-151131-152909-074c96e2fe12b15d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":151657,"character_end":152068,"quote":"ime. \r\n(2) The adoption of any supervisory action or any early intervention measures as set out \r\nin section 42 or the submission of any report under sub -section (2) of section 40A shall not be a \r\nprecondition for Resolution. \r\n(3) No order under this sec tion shall be made unless the banking company concerned has \r\nbeen given an opportunity of making a representation to the State Bank. Provided that if in","quote_sha256":"dcbf27f73f3d311d082b72a0e13913752558e21a9083bddc7c7dc3948bc00cf7","reader_fragment":"p-151131-152909-074c96e2fe12b15d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-151131-152909-074c96e2fe12b15d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-81f2d0e28e12f8df8a51","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153458,"character_end":153469,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153288,"character_end":153699,"quote":" \r\n \r\nSecurities & Exchange Commission of Pakistan Act, 1997 or any other law for the time being in \r\nforce. \r\n42E. Resolution powers.__ (1) Where an order is made under section 42D, the State Bank \r\nshall have full control over the aff airs of the banking company and may exercise one or more of \r\nthe following powers, separately or in combination, to achieve its Resolution objectives: \r\n(a)  remove director","quote_sha256":"e51ddc3f16ce877414e6b4356e197722d41961aed84f480b06ad3eafd6f5c8aa","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-0b623cc8aa95ad9beb94","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42F","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":162212,"character_end":162532,"quote":"42F. Order of moratorium .__ (1) Notwithstanding anything contained in the provisions \r\nof this Part or in any other law or any ag reement or other instrument, for the time being in force, \r\nwhere an order is made under sub -section (1) of section 42D, the State Bank may make an order \r\nof moratorium in respect of a ba","quote_sha256":"58393946f6947a725242994e6f46ed645b7ca40df40a369addeafe3f0f87bedf","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42f-162212","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":154674,"character_end":154685,"quote":"section 42F","quote_sha256":"a75c9d384a2f47498bad79ea1e85468c650e78ed313e73f5039e50a4f6a4f14b","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":154504,"character_end":154915,"quote":"s issued \r\nby, and be entitled to such remuneration as may be specified by, the State \r\nBank; \r\n(d)  issue an order of moratorium in respect of a banking company under \r\nsection 42F; \r\n(e)  carry out reconstruction or amalgamation of the banking company under \r\nsection 42G; \r\n(f) reduce or extinguish the interest or rights which the members, depositors \r\nand other creditors have in or against the banking com","quote_sha256":"0afd8b4ebe00157b6be43744e0bf2b8692ac15891f1484813d233197072c03c7","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-039e707e0fbd597a488f","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42G","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":163191,"character_end":163511,"quote":"42G. Powers of State Bank to prepare scheme of reconstruction or amalgamation .__ \r\n(1) Where an order is made under sub -section (1) of section 42D , the State Bank may prepare a \r\nscheme \r\n(i)  for the reconstruction of the banking company, restoring the capital of the \r\nbanking company to a level compliant with this","quote_sha256":"1cd4172cfc7b3d477750a7597f53eda2dc03ead569f5c11dd06cbc0aae3df638","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42g-163191","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":154766,"character_end":154777,"quote":"section 42G","quote_sha256":"7eb3813cf239d4c3e7421d3308ee0b4f2b6923ee22b579681318c41f96db365b","reader_fragment":"p-154689-156472-d0e2341a06e9a61e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-154689-156472-d0e2341a06e9a61e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":154596,"character_end":155007,"quote":"; \r\n(d)  issue an order of moratorium in respect of a banking company under \r\nsection 42F; \r\n(e)  carry out reconstruction or amalgamation of the banking company under \r\nsection 42G; \r\n(f) reduce or extinguish the interest or rights which the members, depositors \r\nand other creditors have in or against the banking company, to such extent \r\nas the State Bank consulers necessary; \r\n(g)  transfer in full or in ","quote_sha256":"1735e8d69d6fedb5d1e8a5836d08b3139b1224f0527372fef294f3cf4a0c9d34","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-0873629824c61930733a","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42H","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":179143,"character_end":179463,"quote":"42H. Bridge bank. __ (1) The State Bank may, prior to or during the Resolution of a \r\nbanking company, establish a bridge bank as defined in clause (da) of sub -section (1) of section \r\n5, and in exercise of the powers under clause (g) of sub-section (1) of section 42E to: \r\n(a)  transfer those of the assets and liabil","quote_sha256":"5598f38fdfd0ab3634ce1d585cc7ac6480a84c54625560faff6072d522036767","reader_fragment":"p-177543-179329-f0db9a72603a3bcc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-177543-179329-f0db9a72603a3bcc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42h-179143","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":155097,"character_end":155108,"quote":"section 42H","quote_sha256":"c1c4680bb63dcffbc0ccb664972d111860efbe985e70e3a455dfb76b94eeccd1","reader_fragment":"p-154689-156472-d0e2341a06e9a61e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-154689-156472-d0e2341a06e9a61e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":154927,"character_end":155338,"quote":"h extent \r\nas the State Bank consulers necessary; \r\n(g)  transfer in full or in part the business, assets and liabilities of the banking \r\ncompany to a bridge bank under section 42H; \r\n(h)  cancel a license granted to a banking company under section 27; or \r\n(i) make an application to the High Court for the winding up of the banking \r\ncompany under section 49. \r\n(2) The State Bank may, while exercising any o","quote_sha256":"45a93cfeb4959e4cbebc239bc6ba4eb9def98c6e8abd5133ffc85d5056acdf3e","reader_fragment":"p-154689-156472-d0e2341a06e9a61e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-154689-156472-d0e2341a06e9a61e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-96c825e377d07be8b88f","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"27","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":76264,"character_end":76303,"quote":"27.  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Winding up by High Court. — ","quote_sha256":"5206c39b407be9f27cad3f41a4d43f8efe6f7fce48c085a515fd83f3cb9a0c2b","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-212720-214445-cb55af6f8ccff70f","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":155278,"character_end":155288,"quote":"section 49","quote_sha256":"a8bcf7a8a3a631f27e103bcf4aec61914bec1ca090820206f6e52494cbc785fe","reader_fragment":"p-154689-156472-d0e2341a06e9a61e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-154689-156472-d0e2341a06e9a61e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":155108,"character_end":155518,"quote":"; \r\n(h)  cancel a license granted to a banking company under section 27; or \r\n(i) make an application to the High Court for the winding up of the banking \r\ncompany under section 49. \r\n(2) The State Bank may, while exercising any of the powers referred to in sub -section (1) \r\nor otherwise, take one or more of the following actions__ \r\n(a)  engage at the expense of the banking company under Resolution ; \r\nin","quote_sha256":"d62489d2a3f4ec9914a5618d774757644ab4a7c9ca6ddbc01a90562a69a0377d","reader_fragment":"p-154689-156472-d0e2341a06e9a61e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-154689-156472-d0e2341a06e9a61e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-09ca93ed35de00706575","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"17","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":52433,"character_end":52619,"quote":"17.  Prohibition of charge on unpaid capital.  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Such valuation, if \r\ncarried out for the Resolution purposes, shall not assume any \r\npotential future provision of public funding or the State Bank \r\nfinancing under section 17 G of the State Bank of Pakistan Act , \r\n1956 (XXXIII of 1956); \r\n(iii)  the State Bank may specify the general procedures and \r\nmethodology, and other terms and conditions for valuations, \r\nhaving regard to the purpose of the val","quote_sha256":"de7d5b36da70c067c20d307fa453ae2a55b01f3a9e0fc293fefca6c7b8d51733","reader_fragment":"p-156472-158220-78a33a028d2ac937","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-156472-158220-78a33a028d2ac937","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-d190e1cfcdf741879e7a","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":158958,"character_end":158969,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":158788,"character_end":159199,"quote":"rparties of the banking company concerned \r\nmay not terminate, modify, or accelerate the rights a nd obligations under a \r\ncontract solely because of an order made under section 42D or the exercise \r\nof any powers under section 42E by the State Bank; or \r\n(g)  temporarily suspend the right of the banking companies ’ counterparties to \r\nearly terminate or modify  or accelerate financial contracts, to which th","quote_sha256":"dd6ada4909b1bd645eeeccc207e5fad434a0556eebdd42e2a267df470aeca8f1","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-4742d66508a71fa6339f","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42E","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153399,"character_end":153719,"quote":"42E. Resolution powers.__ (1) Where an order is made under section 42D, the State Bank \r\nshall have full control over the aff airs of the banking company and may exercise one or more of \r\nthe following powers, separately or in combination, to achieve its Resolution objectives: \r\n(a)  remove directors or chief executive","quote_sha256":"5d4fe55dc75275a1fac06e6483e664314ddb3d8beddd9fac561be5ddf436a2c9","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42e-153399","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":159008,"character_end":159019,"quote":"section 42E","quote_sha256":"b145da8ed5cee3ad366234177f2411688e0a07bbee4511b3818e4752afe720f3","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":158838,"character_end":159249,"quote":"t terminate, modify, or accelerate the rights a nd obligations under a \r\ncontract solely because of an order made under section 42D or the exercise \r\nof any powers under section 42E by the State Bank; or \r\n(g)  temporarily suspend the right of the banking companies ’ counterparties to \r\nearly terminate or modify  or accelerate financial contracts, to which the \r\nbanking company under Resolution is a party, w","quote_sha256":"7011eeec25c0921a4e58cab8b3c1fa00cc1a9631f6a1967e607baa8dca954f45","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-0a95b38f08d34cae5bf2","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":159301,"character_end":159312,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":159131,"character_end":159542,"quote":" terminate or modify  or accelerate financial contracts, to which the \r\nbanking company under Resolution is a party, where such rights arise due \r\nto an order made under section 42D or due to the exercise, of any \r\nresolution powers: \r\nProvided that the suspension period shall not exc eed two business \r\ndays, and substantive obligations under the contract shall continue to be \r\nperformed. \r\n(3) Unless provid","quote_sha256":"87e4e4655116fd83058ca52a8d7de44661c4cc2c1b38a24086cf26ddddebae90","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-79680c76cf2e426d8405","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"58","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":227710,"character_end":228030,"quote":"2[58.  Priority payments to depositors .— (1) In every proceeding  for winding-up of a banking \r\ncompany where a winding -up order has been made, within ninety days from the date of the winding -up \r\norder or where the winding -up order has been made before 1 st day of August , 2001, within ninety days \r\ntherefrom, the","quote_sha256":"33d75ae36dd621e8a2d9a5f9c1eace76128bf1a49a50364b2d5c8cbca9acee7e","reader_fragment":"p-226570-228311-cd282063564963fe","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-226570-228311-cd282063564963fe","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-58-227710","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":159718,"character_end":159728,"quote":"section 58","quote_sha256":"abe710889d391ed37bdd733508b733736502921c23aa44d09a4fa7dba37414e7","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":159548,"character_end":159958,"quote":"erwise in this ordinance , during the Resolution of a banking \r\ncompany, losses, if any, shall be imposed in the reverse order of the liquidation claims as \r\nprovided in section 58. \r\n(4) Unless otherwise strictly necessary to achieve the Resolution objectives, the State \r\nBank shall avoid treating a liability and assets securing such liability separately during the \r\ntransfer of assets and liab ilities, or","quote_sha256":"8ccd5b9fa85fbab7690ab0bce0d344625b1d606f6a8fdc2e3861a45e324c117b","reader_fragment":"p-158220-159919-eea55a343edeb2d5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-158220-159919-eea55a343edeb2d5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-94086efdcb03e9255626","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161031,"character_end":161042,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-159919-161709-6470e99a59c4932f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-159919-161709-6470e99a59c4932f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":160861,"character_end":161272,"quote":" sub-section (2). Such \r\nvaluation shall presume that the banking company concerned would be placed under winding up \r\nimmediately before the issuance of an order as per section 42D. The valuation of assets shall be \r\nbased on liquidation values. Any value created or preserved in the banking company as a result \r\nof any public support or financing under section 17G of the State Bank of Pakistan  Act, 1956 \r\n","quote_sha256":"0cc7f44d4a3a00cec5de58277ef51ccaf06c2e8c5e269ccd5167803b3afb3c7e","reader_fragment":"p-159919-161709-6470e99a59c4932f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-159919-161709-6470e99a59c4932f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-a12a8dd2ebaadef1e244","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42I","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":183109,"character_end":183429,"quote":"42I. Temporary Public Funding for Resolution .__ (1) Where an order has been made \r\nunder section 42D and in the opinion of the State Bank, public funding is required for the orderly \r\nResolution of the banking company or a bridge bank, the Federal Government, upon  a \r\nrecommendation of the State Bank, may provide tem","quote_sha256":"3160bdccaa2dfdee9ac25c6585c590552bf2ad69448c934c6ed57ff916507103","reader_fragment":"p-182843-184560-c6b89cd35179a3fc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-182843-184560-c6b89cd35179a3fc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42i-183109","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161607,"character_end":161618,"quote":"section 42I","quote_sha256":"b9f47b65a2a5688b08e58bca00c6dc9cfd64cfb45cf351bae091ee9456172093","reader_fragment":"p-159919-161709-6470e99a59c4932f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-159919-161709-6470e99a59c4932f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161437,"character_end":161848,"quote":"of sub-section (1) of section \r\n \r\n \r\nPage 58 of 109 \r\n \r\n22C of the Deposit Protection Corporation Act, 2016 (X XXVII of 2016) or otherwise, from \r\nfunds obtained under section 42I. \r\n(8) Powers under this section shall not be subject to the approval or consent of the \r\nshareholders, debtors, creditors or any counterparty of the banking company or that of the bridge \r\nbank. \r\n(9) The protection and indemnif","quote_sha256":"6bd9ad26e61f188a6f9b7c53237c64c8737fe2bc2b186572df3d895e27f1b1f3","reader_fragment":"p-159919-161709-6470e99a59c4932f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-159919-161709-6470e99a59c4932f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-cbe1e4a3c1cdfde250a2","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"94","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":305675,"character_end":305995,"quote":"1[94. Protection of action taken in good faith and indemnity .__ (1) No suit, prosecution or \r\nother legal proceedings including for damages shall lie against the Federal Government, a Provincial \r\nGovernment, any officer of such Government, the State Bank , Board of Directors or a member \r\nthereof, Governor. Deputy Go","quote_sha256":"05b4687cdea12441a59743b20bfe5ab1338e9865106e1e59fac8442c888d80ae","reader_fragment":"p-305513-307313-c8ce70526262c4d8","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-305513-307313-c8ce70526262c4d8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-94-305675","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161868,"character_end":161878,"quote":"section 94","quote_sha256":"8260f3d7c36bce37fde6842286ce16dd12a63d4632bc24ea103bb5e6d5ed1de2","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161698,"character_end":162108,"quote":"t of the \r\nshareholders, debtors, creditors or any counterparty of the banking company or that of the bridge \r\nbank. \r\n(9) The protection and indemnification provided in section 94 shall also apply to any \r\nperson appointed, engaged or directed by the State Bank in pursuance of the powers conferred on \r\nit under this section and section 42H. \r\n(10) The provisions of this sectio n shall have effect notwithst","quote_sha256":"8dc8d0fedcbea2c092c7c965ae4c75178c680a46f1f9c95cd15704eeff5a0a19","reader_fragment":"p-159919-161709-6470e99a59c4932f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-159919-161709-6470e99a59c4932f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-1e4b674600f5fc6f1e72","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42H","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":179143,"character_end":179463,"quote":"42H. Bridge bank. __ (1) The State Bank may, prior to or during the Resolution of a \r\nbanking company, establish a bridge bank as defined in clause (da) of sub -section (1) of section \r\n5, and in exercise of the powers under clause (g) of sub-section (1) of section 42E to: \r\n(a)  transfer those of the assets and liabil","quote_sha256":"5598f38fdfd0ab3634ce1d585cc7ac6480a84c54625560faff6072d522036767","reader_fragment":"p-177543-179329-f0db9a72603a3bcc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-177543-179329-f0db9a72603a3bcc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42h-179143","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":162029,"character_end":162040,"quote":"section 42H","quote_sha256":"c1c4680bb63dcffbc0ccb664972d111860efbe985e70e3a455dfb76b94eeccd1","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161859,"character_end":162270,"quote":"vided in section 94 shall also apply to any \r\nperson appointed, engaged or directed by the State Bank in pursuance of the powers conferred on \r\nit under this section and section 42H. \r\n(10) The provisions of this sectio n shall have effect notwithstanding anything to the \r\ncontrary contained in any other law or contract for the time being in force. \r\n42F. Order of moratorium .__ (1) Notwithstanding anything ","quote_sha256":"7759fe27aae6f118025f9814c1736a49b833594ebb336ffa36fceb6fe0a16560","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-9992c4a33488241309f8","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":162452,"character_end":162463,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":162282,"character_end":162693,"quote":" the provisions \r\nof this Part or in any other law or any ag reement or other instrument, for the time being in force, \r\nwhere an order is made under sub -section (1) of section 42D, the State Bank may make an order \r\nof moratorium in respect of a banking company, staying the commencement or continuance of all \r\nactions and proceedings against the banking company for a fixed period of time on such terms \r\nan","quote_sha256":"e29f4b82fa7e75b0b59aac3aed66d835b8483f997ef35b8d0bf0af9cd3ddd2bb","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-b4f9c7f2191e4c325467","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":163328,"character_end":163339,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":163158,"character_end":163569,"quote":"ions to \r\nany other creditors. \r\n42G. Powers of State Bank to prepare scheme of reconstruction or amalgamation .__ \r\n(1) Where an order is made under sub -section (1) of section 42D , the State Bank may prepare a \r\nscheme \r\n(i)  for the reconstruction of the banking company, restoring the capital of the \r\nbanking company to a level compliant with this Ordinance and sufficient \r\nto sustain confidence in the b","quote_sha256":"390dbff13d3546f8b9a2a2126183bbea9d5830ae05c6a02d04651087c40d4d06","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-e931522a654eb900e4c3","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":168397,"character_end":168408,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-166991-168751-59ee5e77473ea4ca","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-166991-168751-59ee5e77473ea4ca","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":168227,"character_end":168638,"quote":" State Bank, or amend or alter the maturity of or the \r\namount of interest payable under such debt instruments issued by the \r\nbanking company before an order made under section 42D on \r\nreconstruction of the banking company; \r\n(k)  the continuation of  the services of all the employees of the banking \r\ncompany, excepting such of them who, not being workmen within the \r\nmeaning of the Industrial Relations Or","quote_sha256":"0428de6effd79c57f170ce5c0e232ccc37ab44b1190855885b29747d6980f8d8","reader_fragment":"p-166991-168751-59ee5e77473ea4ca","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-166991-168751-59ee5e77473ea4ca","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-82731f1a5e3866aadd10","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":169034,"character_end":169045,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-168751-170529-5d3421885067b699","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-168751-170529-5d3421885067b699","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":168864,"character_end":169275,"quote":"d conditions of service, which they \r\nwere getting or, as the case may be , by which they were being governed \r\nimmediately before an order made under sub-section (1) of section 42D: \r\nProvided that the scheme shall contain a provision that__ \r\n(i)  the banking company shall pay or grant not later than the expiry of \r\nthe period of three years from the date on which the scheme is \r\napproved by the State Bank","quote_sha256":"7e99287cc180a3e13418b777f52f9aab745803669c0928f47db76a1840a949dd","reader_fragment":"p-168751-170529-5d3421885067b699","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-168751-170529-5d3421885067b699","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-5ca1e56696a03cc6d590","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42E","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153399,"character_end":153719,"quote":"42E. Resolution powers.__ (1) Where an order is made under section 42D, the State Bank \r\nshall have full control over the aff airs of the banking company and may exercise one or more of \r\nthe following powers, separately or in combination, to achieve its Resolution objectives: \r\n(a)  remove directors or chief executive","quote_sha256":"5d4fe55dc75275a1fac06e6483e664314ddb3d8beddd9fac561be5ddf436a2c9","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42e-153399","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":173558,"character_end":173569,"quote":"section 42E","quote_sha256":"b145da8ed5cee3ad366234177f2411688e0a07bbee4511b3818e4752afe720f3","reader_fragment":"p-172273-174031-e83f53ef9fb60d6a","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-172273-174031-e83f53ef9fb60d6a","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":173388,"character_end":173799,"quote":"tenance of premises; and \r\n(x)  any other claims that the State Bank has determined that their exclusion, in \r\nwhole or in part, is needed pursuant to sub-section (7) of section 42E. \r\n(4) A copy of the scheme prepared by the State Bank shall be sent in draft to the \r\ntransferee bank and any other banking company concerned in the amalgamation, for suggestions \r\nand objections, if any, within such period as t","quote_sha256":"8eeae79931dc2cd738a692f0df3068a3ea56576470abeeaf88b3fe5e388401ae","reader_fragment":"p-172273-174031-e83f53ef9fb60d6a","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-172273-174031-e83f53ef9fb60d6a","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-df06ec8d292443f00121","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42B","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":146756,"character_end":146953,"quote":"42B. Resolution objectives.__ The primary objectives of Resolution shall be contri buting \r\nto the stability of the financial system of Pakistan and the protection of the interest of depositors. \r\n","quote_sha256":"233049d9eaa1f1ab0ac05d2b282170511210bee7be8d95bd67b72573a9c4ea4d","reader_fragment":"p-145918-147656-b5f8543a58842bf5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-145918-147656-b5f8543a58842bf5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42b-146756","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":174595,"character_end":174607,"quote":"section  42B","quote_sha256":"e313729c461cd19a59b2b8248e9fcfe1e7103db95b78d564b4a4f0f71b492760","reader_fragment":"p-174031-175786-694ec5e102c446b3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-174031-175786-694ec5e102c446b3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":174425,"character_end":174837,"quote":"n the scheme \r\nwithout any modifications or with such modifications as it, in consultation with the State Bank \r\nand having regard to the resolution objectives stated in section  42B and such safeguards \r\nregarding the use of public funds as specified in section 42 I, may consider necessary ; and the \r\nscheme as sanctioned by the Federal Government shall come into force on such date as the \r\nMinister-in-charg","quote_sha256":"24bd8fb58ab1fd008e66259cfad64f3dd230bd29f465e271f2d4eb4f5712b834","reader_fragment":"p-174031-175786-694ec5e102c446b3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-174031-175786-694ec5e102c446b3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-efc9650051d0b3edc042","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":139262,"character_end":139582,"quote":"1[42. Intervention triggers and powers of the State Bank .__ (1) The Stat e Bank may \r\nexercise any one or more of the powers under sub -section (2) of this section, if it is satisfied that \r\nany of the circumstances exist under which__ \r\n(a) a banking company__ \r\n(i)  has engaged any director, chief executive, by what","quote_sha256":"59a1b0bd5c1bae400dae205dae13030c499ba9040eeebc67fbbaf053d57f1c7c","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42-139262","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":174680,"character_end":174690,"quote":"section 42","quote_sha256":"234bed30d892729e03c621f6ed386a20c12479dc0ec1aa7fea1078642cc53fd6","reader_fragment":"p-174031-175786-694ec5e102c446b3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-174031-175786-694ec5e102c446b3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":174510,"character_end":174920,"quote":"ation with the State Bank \r\nand having regard to the resolution objectives stated in section  42B and such safeguards \r\nregarding the use of public funds as specified in section 42 I, may consider necessary ; and the \r\nscheme as sanctioned by the Federal Government shall come into force on such date as the \r\nMinister-in-charge may specify in this behalf: \r\nProvided further that different dates may be specif","quote_sha256":"6d0930bb4eb79e2246c227fa15b74cdd103c73b798411a549ab8ae7c0b98788a","reader_fragment":"p-174031-175786-694ec5e102c446b3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-174031-175786-694ec5e102c446b3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-6c378e27bf7a8304b239","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"3A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":9748,"character_end":10068,"quote":"3[3A.  Limited application of Ordinance to certain function institutions:—  \r\n4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, \r\n41C, 41D, 42, 5[42A, 42B, 42C, 42D, 42E, 42F, 42G,  42I,] 48, 49, 51, 58, 83, 84 5[93C, \r\n93CA,] and 94 shall, with such modification as the St","quote_sha256":"650f3eee78214be527ac43235365e98ad59dbccdda03f568e2db2c2efb0f02fa","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-3a-9748","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":179103,"character_end":179113,"quote":"section 3A","quote_sha256":"630c8088647990e346617c7f51fe6bb420c5ec9f16046043f0279a1ce9b083b8","reader_fragment":"p-177543-179329-f0db9a72603a3bcc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-177543-179329-f0db9a72603a3bcc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":178933,"character_end":179343,"quote":" of Pakistan, investment finance companies. venture capital \r\ncompanies, housing finance companies, leasing companies and any other financial institution \r\ncovered under section 3A. \r\n \r\n \r\nPage 64 of 109 \r\n \r\n42H. Bridge bank. __ (1) The State Bank may, prior to or during the Resolution of a \r\nbanking company, establish a bridge bank as defined in clause (da) of sub -section (1) of section \r\n5, and in exer","quote_sha256":"cfbafeab1737df8ea65a718b036d074ba8cf8e4ce59fb5c7ae482c532f747ff3","reader_fragment":"p-177543-179329-f0db9a72603a3bcc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-177543-179329-f0db9a72603a3bcc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-d6d502bb8ee93649d6d8","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"5","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":13514,"character_end":13533,"quote":"5.  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Resolution powers.__ (1) Where an order is made under section 42D, the State Bank \r\nshall have full control over the aff airs of the banking company and may exercise one or more of \r\nthe following powers, separately or in combination, to achieve its Resolution objectives: \r\n(a)  remove directors or chief executive","quote_sha256":"5d4fe55dc75275a1fac06e6483e664314ddb3d8beddd9fac561be5ddf436a2c9","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42e-153399","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":179401,"character_end":179412,"quote":"section 42E","quote_sha256":"b145da8ed5cee3ad366234177f2411688e0a07bbee4511b3818e4752afe720f3","reader_fragment":"p-179329-181123-1bb1ce37056dff15","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-179329-181123-1bb1ce37056dff15","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":179231,"character_end":179642,"quote":"nking company, establish a bridge bank as defined in clause (da) of sub -section (1) of section \r\n5, and in exercise of the powers under clause (g) of sub-section (1) of section 42E to: \r\n(a)  transfer those of the assets and liabilities of the banking company \r\nconcerned as determined by the State Bank for orderly Resolution; and \r\n(b)  initiate the process for liquidation of the banking company concerned. 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Intervention triggers and powers of the State Bank .__ (1) The Stat e Bank may \r\nexercise any one or more of the powers under sub -section (2) of this section, if it is satisfied that \r\nany of the circumstances exist under which__ \r\n(a) a banking company__ \r\n(i)  has engaged any director, chief executive, by what","quote_sha256":"59a1b0bd5c1bae400dae205dae13030c499ba9040eeebc67fbbaf053d57f1c7c","reader_fragment":"p-138928-140656-c30ee354e205e941","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-138928-140656-c30ee354e205e941","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42-139262","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":180733,"character_end":180743,"quote":"section 42","quote_sha256":"234bed30d892729e03c621f6ed386a20c12479dc0ec1aa7fea1078642cc53fd6","reader_fragment":"p-179329-181123-1bb1ce37056dff15","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-179329-181123-1bb1ce37056dff15","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":180563,"character_end":180973,"quote":"ate Bank. \r\n(4) The bridge bank shall be a member of the Deposit Protection Corporation. \r\n(5) The funding for a bridge bank including its capital shall be secured under section 42 I \r\nfrom, and its shares shall be allotted to, the Federal Government. \r\n(6) The State Bank may prepare a scheme for the establishment of , transfer of all or part \r\nof the assets and liabilities to, and the management of the bri","quote_sha256":"6d2e95cf7665225846ee6f0f90dec59edaf3bd01e9828e0efd03e6be883559c8","reader_fragment":"p-179329-181123-1bb1ce37056dff15","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-179329-181123-1bb1ce37056dff15","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-43dbdfb84f822e0d0d13","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42G","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":163191,"character_end":163511,"quote":"42G. Powers of State Bank to prepare scheme of reconstruction or amalgamation .__ \r\n(1) Where an order is made under sub -section (1) of section 42D , the State Bank may prepare a \r\nscheme \r\n(i)  for the reconstruction of the banking company, restoring the capital of the \r\nbanking company to a level compliant with this","quote_sha256":"1cd4172cfc7b3d477750a7597f53eda2dc03ead569f5c11dd06cbc0aae3df638","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42g-163191","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":181060,"character_end":181071,"quote":"section 42G","quote_sha256":"7eb3813cf239d4c3e7421d3308ee0b4f2b6923ee22b579681318c41f96db365b","reader_fragment":"p-179329-181123-1bb1ce37056dff15","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-179329-181123-1bb1ce37056dff15","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":180890,"character_end":181301,"quote":"er of all or part \r\nof the assets and liabilities to, and the management of the brid ge bank, and the exit of the bridge \r\nbank from public control and the provisions of section 42G shall apply mutatis mutandis to such \r\na scheme. \r\n(7) The State Bank may exempt the bridge bank from compliance with any regulatory and \r\nsupervisory requirement including capital requirements, as may be necessary, for a period ","quote_sha256":"7370cbb2714fcf7524aa09ad672869f5ab71493a2800d8498b24d48f6f38c3ff","reader_fragment":"p-179329-181123-1bb1ce37056dff15","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-179329-181123-1bb1ce37056dff15","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-f3d218a1f8d878425f92","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"59","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":234387,"character_end":234431,"quote":"59.  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Resolution powers.__ (1) Where an order is made under section 42D, the State Bank \r\nshall have full control over the aff airs of the banking company and may exercise one or more of \r\nthe following powers, separately or in combination, to achieve its Resolution objectives: \r\n(a)  remove directors or chief executive","quote_sha256":"5d4fe55dc75275a1fac06e6483e664314ddb3d8beddd9fac561be5ddf436a2c9","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42e-153399","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":184247,"character_end":184258,"quote":"section 42E","quote_sha256":"b145da8ed5cee3ad366234177f2411688e0a07bbee4511b3818e4752afe720f3","reader_fragment":"p-182843-184560-c6b89cd35179a3fc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-182843-184560-c6b89cd35179a3fc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":184077,"character_end":184488,"quote":"or \r\nestablishment and operationalization of a bridge bank and any other cost \r\nincidental thereto; \r\n(f)  Paying for the compensation, if any, under sub -section (7) of section 42E ; \r\nor \r\n(g)  any other financing as deemed necessary to support the orderly \r\nResolution: \r\nProvided that, actions referred to in clauses (c) and (d) can also be \r\ntaken with respec t to the transferee bank in the context of a s","quote_sha256":"47c8907445771b39aff7aae543d1b7c78f5c888c5fc4449daf65bff0c7e03986","reader_fragment":"p-182843-184560-c6b89cd35179a3fc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-182843-184560-c6b89cd35179a3fc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-8500f46889e82f0bbc4b","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42G","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":163191,"character_end":163511,"quote":"42G. Powers of State Bank to prepare scheme of reconstruction or amalgamation .__ \r\n(1) Where an order is made under sub -section (1) of section 42D , the State Bank may prepare a \r\nscheme \r\n(i)  for the reconstruction of the banking company, restoring the capital of the \r\nbanking company to a level compliant with this","quote_sha256":"1cd4172cfc7b3d477750a7597f53eda2dc03ead569f5c11dd06cbc0aae3df638","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42g-163191","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":184527,"character_end":184538,"quote":"section 42G","quote_sha256":"7eb3813cf239d4c3e7421d3308ee0b4f2b6923ee22b579681318c41f96db365b","reader_fragment":"p-182843-184560-c6b89cd35179a3fc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-182843-184560-c6b89cd35179a3fc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":184357,"character_end":184768,"quote":"ded that, actions referred to in clauses (c) and (d) can also be \r\ntaken with respec t to the transferee bank in the context of a scheme of \r\namalgamation prepared under section 42G of this ordinance. \r\n(2) No financing under sub -section (1) shall be provided by the Federal Government \r\nunless the following conditions are met:__ \r\n \r\n \r\n \r\nPage 66 of 109 \r\n \r\n(a)  the orderl y and timely Resolution of the b","quote_sha256":"3142168fe0506f96087a1a0ed848c52db427d75ed24f92a124068909cb7c5c40","reader_fragment":"p-182843-184560-c6b89cd35179a3fc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-182843-184560-c6b89cd35179a3fc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-1aedf4ac35f042a4b54b","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":185331,"character_end":185342,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-184560-186294-c42efc5ef9e4af18","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-184560-186294-c42efc5ef9e4af18","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":185161,"character_end":185572,"quote":"mum, holders of all classes of share capital or any sub-ordinated debt \r\nhave absorbed or will absorb any losses that existed immediately before an \r\norder is made under section 42D; and \r\n(d)  the State Bank is of the opinion that the banking company or the bridge bank \r\nwill become viable with the implementation of a restructuring plan to the \r\nsatisfaction of the State Bank. \r\n(3) Where the Federal Govern","quote_sha256":"dc5a38730bca939bbf6fd7444f8a63875105b4ca3e495d69704af0cec4401d30","reader_fragment":"p-184560-186294-c42efc5ef9e4af18","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-184560-186294-c42efc5ef9e4af18","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-449885d20f23441758d7","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"13","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":38229,"character_end":38549,"quote":"1[13.  Requirement as to minimum paid-up capital and reserves.—(1)Subject to sub-\r\nsection (2) no banking company shall— \r\n \r\n(a) commence business unless it has a minimum paid -up capital as may be \r\ndetermined by the State Bank; or  \r\n \r\n(b) carry on business unless the aggregate of its capital and unencumbered \r\ngen","quote_sha256":"e9eabd5259e38e36174a45dc3be28a77ba5c3d28d0405918f46a31868f2adefe","reader_fragment":"p-37043-38841-2944d87aa9c05466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-37043-38841-2944d87aa9c05466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-13-38229","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":186825,"character_end":186835,"quote":"section 13","quote_sha256":"50c92c2f0fc37afc48af1a6a3279c607c7d6468f32e5617678a43d958b50b851","reader_fragment":"p-186294-188035-cfd0811fba407ec1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-186294-188035-cfd0811fba407ec1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":186655,"character_end":187065,"quote":"ng, market conditions and confidentiality \r\nrequirements.] \r\n43.  Certain provisions of the Ordinance not to apply to certain banking companies. —\r\n(1) The provisions of section 13, sub -section (1) of section 14, and sections 21, 22, 29 and 30 shall \r\nnot apply to a banking company— \r\n(a) which has been refused a licence under section 27, or prohibited from \r\naccepting fresh deposits by a compromise, arran","quote_sha256":"8290308a036454e055ca3e97d28c6539ac797f47ffd5c2379268160a7cb8be46","reader_fragment":"p-186294-188035-cfd0811fba407ec1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-186294-188035-cfd0811fba407ec1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-baa6b15f2ac3d6050dcf","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"14","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":41451,"character_end":41771,"quote":"14.  Regulation of paid -up capital, subscribed capital and authorized cap ital and \r\nvoting rights of share -holders.— (1) No banking company incorporated in Pakistan shall carry \r\non business in Pakistan unless it satisfies the following conditions, namely:― \r\n (i) that the subscribed capital of the company is not le","quote_sha256":"3526e86e64bb6d3092af265a76e69bda024e28a241aa9565bdd9c4e42dab2cda","reader_fragment":"p-40578-42317-bdcd60e68a31c7c3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-40578-42317-bdcd60e68a31c7c3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-14-41451","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":186857,"character_end":186867,"quote":"section 14","quote_sha256":"08f7a8a4682568290ae926f9bd51a12af708181b5c3c0dfc1cc2a327b2aed248","reader_fragment":"p-186294-188035-cfd0811fba407ec1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-186294-188035-cfd0811fba407ec1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":186687,"character_end":187097,"quote":"entiality \r\nrequirements.] \r\n43.  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Consequential provisions for winding up, etc. —(1) Where the declaration made \r\nunder sub -section (1) of section 43B is in r espect of a person other than an individual or a \r\ncompany, such person shall, irrespective of the number of members of which it consists, \r\n \r\n1Subs. by the Finance Act, 1990 (7 of 1990, s. 4A, for sub-section (3). \r\n2In","quote_sha256":"094f231c5c5c346045b39dd68330c48e40e7393a883c3dc8b522a79de8ef861d","reader_fragment":"p-202032-203810-26e95fa666e08252","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-202032-203810-26e95fa666e08252","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-52a995dff469bd080736","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"43E","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":201362,"character_end":201682,"quote":"3[43E.  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Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":207185,"character_end":207196,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-205564-207350-5b92a6d5859c27f3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-205564-207350-5b92a6d5859c27f3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":207015,"character_end":207426,"quote":"e, are being conducted in a manner \r\ndetrimental to the stability of the financial system in Pakistan or the interests of the  depositors, it \r\nmay take a decision under section 42D and exercise any one or more of the Resolution powers \r\nprovided under section 42E or make an application to the High Court for the win ding up of the \r\ncompany, and where any such application is made, the High Court shall not ma","quote_sha256":"0ba404b732fa75a2bbe85645b826351bd32b58f626cfaa9620bf0051579f778d","reader_fragment":"p-205564-207350-5b92a6d5859c27f3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-205564-207350-5b92a6d5859c27f3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-ef6e0f5022707ef83e3e","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42E","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153399,"character_end":153719,"quote":"42E. 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Limited application of Ordinance to certain function institutions:—  \r\n4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, \r\n41C, 41D, 42, 5[42A, 42B, 42C, 42D, 42E, 42F, 42G,  42I,] 48, 49, 51, 58, 83, 84 5[93C, \r\n93CA,] and 94 shall, with such modification as the St","quote_sha256":"650f3eee78214be527ac43235365e98ad59dbccdda03f568e2db2c2efb0f02fa","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-3a-9748","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213229,"character_end":213239,"quote":"section 3A","quote_sha256":"630c8088647990e346617c7f51fe6bb420c5ec9f16046043f0279a1ce9b083b8","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213059,"character_end":213469,"quote":", housing finance companies, leasing companies, 1[branch \r\nof a foreign banking company doing bus iness in Pakistan ] and any other financial institution \r\ncovered under section 3A.] \r\n \r\n1Subs., added and Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs. by Ord. CXI of 2002 s.9. \r\n \r\n \r\n \r\nPage 74 of 109 \r\n \r\n49.  Winding up by High Court. — 1[(1) Notwithstanding anything c","quote_sha256":"17ff3ef8c173bf150a8b0bae21e009d1570209f1f6403611e368af1062cf2c3a","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-1aec54312359ca7de395","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"279","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213481,"character_end":213492,"quote":"section 279","quote_sha256":"67125b5a4b05e26dd9511385dd6edec0cd44dd66601b57396e6baea45b0d3842","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213311,"character_end":213722,"quote":", s.4, (w.e.f. 01-07-2007). \r\n2Subs. by Ord. CXI of 2002 s.9. \r\n \r\n \r\n \r\nPage 74 of 109 \r\n \r\n49.  Winding up by High Court. — 1[(1) Notwithstanding anything contained in section 279, \r\nsection 301 and section 428 of the Companies Act, 2017 (XIX of 2017), but without prejudice to its \r\npowers under the sub -section (1) of section 45 or the State Bank ’s powers under section 42E, the High \r\nCourt shall order t","quote_sha256":"e012bd14d29adc601ae9fbcd01438e423b90e3d5dddd4a17d0f65542f038031d","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-a08c5def3d0381d3cdcc","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"301","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213496,"character_end":213507,"quote":"section 301","quote_sha256":"4b691ebc6cc45870a5005fab242bc30e0a786121edbe689605048ea99c56aa2a","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213326,"character_end":213737,"quote":"01-07-2007). \r\n2Subs. by Ord. CXI of 2002 s.9. \r\n \r\n \r\n \r\nPage 74 of 109 \r\n \r\n49.  Winding up by High Court. — 1[(1) Notwithstanding anything contained in section 279, \r\nsection 301 and section 428 of the Companies Act, 2017 (XIX of 2017), but without prejudice to its \r\npowers under the sub -section (1) of section 45 or the State Bank ’s powers under section 42E, the High \r\nCourt shall order the winding up o","quote_sha256":"e8405d0e8acf661c7d3d8bc8d153a06eec4bb3797a14f2a3176eaaecb207460a","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-1ac09c54c902f3e0e56c","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"45","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":205050,"character_end":205370,"quote":"2[45. Restriction on stay order .__ (1) The High Court may, on the application of a \r\nbanking company which is temporarily unable to meet its obligation s, make an order staying for \r\na fixed period on such terms and conditions as it may think fit the commencement or continuance \r\nof all proceedings against the company","quote_sha256":"910a884b76c53de736e03abdab2ce966d8a3f52da220dd03b84af00bdc0df8f3","reader_fragment":"p-203810-205564-77ce8369286d1a0e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-203810-205564-77ce8369286d1a0e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-45-205050","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213634,"character_end":213644,"quote":"section 45","quote_sha256":"825f83be665dbdcf3f18a6f7481f4e4e52bcd17857ca72a80bb39c4a77d94f50","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213464,"character_end":213874,"quote":"ing contained in section 279, \r\nsection 301 and section 428 of the Companies Act, 2017 (XIX of 2017), but without prejudice to its \r\npowers under the sub -section (1) of section 45 or the State Bank ’s powers under section 42E, the High \r\nCourt shall order the winding up of a banking company__ \r\n(a) if the banking company is unable to pay its debts; or  \r\n(b) if an application for its winding up has been ma","quote_sha256":"10e1c66243521309d5b34b1f1ef0791f78ee5f87130dbe4b72e937bc0197ccff","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-f59fe3533ef2ba4d6c12","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42E","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153399,"character_end":153719,"quote":"42E. 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Restriction on stay order .__ (1) The High Court may, on the application of a \r\nbanking company which is temporarily unable to meet its obligation s, make an order staying for \r\na fixed period on such terms and conditions as it may think fit the commencement or continuance \r\nof all proceedings against the company","quote_sha256":"910a884b76c53de736e03abdab2ce966d8a3f52da220dd03b84af00bdc0df8f3","reader_fragment":"p-203810-205564-77ce8369286d1a0e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-203810-205564-77ce8369286d1a0e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-45-205050","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213901,"character_end":213913,"quote":"section \r\n45","quote_sha256":"95763a1d26c2185d677779e7bb63f7563e9de30473bf52e916d47796c8437270","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213731,"character_end":214143,"quote":"g up of a banking company__ \r\n(a) if the banking company is unable to pay its debts; or  \r\n(b) if an application for its winding up has been made by the State Bank under section \r\n45, this section or section 59.] \r\n \r\n(2)  1[*  * * * * * *] \r\n \r\n(3)  The State Bank may make an application under this section for the winding up of a banking \r\ncompany—  \r\n \r\n(a) if the banking company—  \r\n \r\n(i) has failed to co","quote_sha256":"add526dfb3ea2abd14ab6b2d9a4ad75345759584a5d07c4f4a0cf179bd83cc62","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-aae19cc965b55531d2d2","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"59","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":234387,"character_end":234431,"quote":"59.  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Requirement as to minimum paid-up capital and reserves.—(1)Subject to sub-\r\nsection (2) no banking company shall— \r\n \r\n(a) commence business unless it has a minimum paid -up capital as may be \r\ndetermined by the State Bank; or  \r\n \r\n(b) carry on business unless the aggregate of its capital and unencumbered \r\ngen","quote_sha256":"e9eabd5259e38e36174a45dc3be28a77ba5c3d28d0405918f46a31868f2adefe","reader_fragment":"p-37043-38841-2944d87aa9c05466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-37043-38841-2944d87aa9c05466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-13-38229","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214183,"character_end":214193,"quote":"section 13","quote_sha256":"50c92c2f0fc37afc48af1a6a3279c607c7d6468f32e5617678a43d958b50b851","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214013,"character_end":214423,"quote":"ication under this section for the winding up of a banking \r\ncompany—  \r\n \r\n(a) if the banking company—  \r\n \r\n(i) has failed to comply with the requirements specified in section 13; or  \r\n \r\n(ii) has by reason of the provisions of section 27 become di sentitled to carry \r\non banking business in Pakistan; or  \r\n \r\n1[(iii) has been prohibited from receiving fresh deposits by an order under sub -\r\nsection (5) ","quote_sha256":"41eecebe6f5cc56fe0cfd6a87b998b522e5f2fba05127c975c6f4dfc1f4edd7f","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-53894b5eb102065002e7","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"27","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":76264,"character_end":76303,"quote":"27.  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Deposits.—(1) Deposits of money may be accepted by a banking company on the \r\nfollowing basis:― \r\n \r\n(i) on participation in profit and loss of the banking company;  \r\n(ii) free of interest or return in any form, and  \r\n(iii) until such time as the Federal Government determines and notifies , by \r\npublication i","quote_sha256":"958f62b33ca857003ab367b0f79b8b0091bd230596b8ebf5edd8269291d6b7f8","reader_fragment":"p-72187-73928-86ad7d191687be92","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-72187-73928-86ad7d191687be92","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-26a-73131","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214426,"character_end":214437,"quote":"section 26A","quote_sha256":"f4075029d25744acaed8e024f7426ce6c89965fecd7a0bba28df4b3d4be7965c","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214256,"character_end":214667,"quote":"ecome di sentitled to carry \r\non banking business in Pakistan; or  \r\n \r\n1[(iii) has been prohibited from receiving fresh deposits by an order under sub -\r\nsection (5) of section 26A; or] \r\n (iv)  having failed to comply with any requirement of this Ordinance other than \r\nthe requirements laid down in section 13, has continued such failure, or, \r\nhaving contravened any provision of this Ordinance has continue","quote_sha256":"5be33b826f1d55d43ca3292d87ba247aa2dab23123d3a8b48d8854db4be11dfb","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-dcca6b58b8b0e59d5c3c","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"13","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":38229,"character_end":38549,"quote":"1[13.  Requirement as to minimum paid-up capital and reserves.—(1)Subject to sub-\r\nsection (2) no banking company shall— \r\n \r\n(a) commence business unless it has a minimum paid -up capital as may be \r\ndetermined by the State Bank; or  \r\n \r\n(b) carry on business unless the aggregate of its capital and unencumbered \r\ngen","quote_sha256":"e9eabd5259e38e36174a45dc3be28a77ba5c3d28d0405918f46a31868f2adefe","reader_fragment":"p-37043-38841-2944d87aa9c05466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-37043-38841-2944d87aa9c05466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-13-38229","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214558,"character_end":214568,"quote":"section 13","quote_sha256":"50c92c2f0fc37afc48af1a6a3279c607c7d6468f32e5617678a43d958b50b851","reader_fragment":"p-214445-216151-5ae29d361ac0a559","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-214445-216151-5ae29d361ac0a559","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214388,"character_end":214798,"quote":" an order under sub -\r\nsection (5) of section 26A; or] \r\n (iv)  having failed to comply with any requirement of this Ordinance other than \r\nthe requirements laid down in section 13, has continued such failure, or, \r\nhaving contravened any provision of this Ordinance has continued such \r\ncontravention beyond such period or periods as may be specified in that \r\nbehalf by the State Bank from time to time, af t","quote_sha256":"b3c1ed2902ae56a4bae6b355c0f4a6c56873543a98c089bbf2a9eb49fb6fcae8","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-7aa5c83aa82b98eaf6af","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42D","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":148937,"character_end":149257,"quote":"42D. Resolution triggers .__ (1) The State  Bank may, by an order in writing stating \r\nreasons, place a banking company under Resolution, if the State Bank is satisfied that one or \r\nmore of the circumstances exist under which the banking company,__ \r\n(i)  has become or is likely to become insolvent; \r\n(ii)  has failed","quote_sha256":"524930e956c2134fc3c4893dda8df1ae0d1fe7a72fc4d43b66cbdeaed399aa8e","reader_fragment":"p-147656-149399-7a7dbb9937dec4e5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-147656-149399-7a7dbb9937dec4e5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42d-148937","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214941,"character_end":214952,"quote":"section 42D","quote_sha256":"fee07c40fbf5dfd47132be7cc7af5ea513f4de7723f81b2749616fa9eb56a13f","reader_fragment":"p-214445-216151-5ae29d361ac0a559","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-214445-216151-5ae29d361ac0a559","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214771,"character_end":215182,"quote":"ank from time to time, af ter notice in writing of such \r\nfailure or contravention has been conveyed to the banking company; or \r\n1[(aa)  if an order has been made under section 42D and the State Bank has determined \r\nthat it is appropriate that the banking company be wound up or part of  the assets \r\nand liabilities of the banking company has been transferred to a transferee bank \r\nunder section 42G or to a","quote_sha256":"ef8e7d8bd4dedb53f64849d680e9ca04e93c957b268b8d99e15e806abd0f13a1","reader_fragment":"p-214445-216151-5ae29d361ac0a559","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-214445-216151-5ae29d361ac0a559","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-4b42b6efe539e1496c3b","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42G","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":163191,"character_end":163511,"quote":"42G. Powers of State Bank to prepare scheme of reconstruction or amalgamation .__ \r\n(1) Where an order is made under sub -section (1) of section 42D , the State Bank may prepare a \r\nscheme \r\n(i)  for the reconstruction of the banking company, restoring the capital of the \r\nbanking company to a level compliant with this","quote_sha256":"1cd4172cfc7b3d477750a7597f53eda2dc03ead569f5c11dd06cbc0aae3df638","reader_fragment":"p-161709-163465-9ec6773be3ed1d80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-161709-163465-9ec6773be3ed1d80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42g-163191","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":215163,"character_end":215174,"quote":"section 42G","quote_sha256":"7eb3813cf239d4c3e7421d3308ee0b4f2b6923ee22b579681318c41f96db365b","reader_fragment":"p-214445-216151-5ae29d361ac0a559","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-214445-216151-5ae29d361ac0a559","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":214993,"character_end":215404,"quote":" it is appropriate that the banking company be wound up or part of  the assets \r\nand liabilities of the banking company has been transferred to a transferee bank \r\nunder section 42G or to a bridge bank under section 42H; or] \r\n(b) if in the opinion of the State Bank—  \r\n(i) a compromise or arrangement sanctioned by a Court in res pect of the \r\nbanking company cannot be worked satisfactorily with or without \r","quote_sha256":"ab7b93d52de42893952974384641247a4b8045fe529c8aa95afc756ddaa413f0","reader_fragment":"p-214445-216151-5ae29d361ac0a559","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-214445-216151-5ae29d361ac0a559","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-11c642d9c99e2afef201","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42H","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":179143,"character_end":179463,"quote":"42H. 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Short title, extent and commencement.— ","quote_sha256":"7f63788bf1b877817115b2fdcfbaf7b66806a6f0b05623f7777f70398d175dea","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-8888-10605-a58554e14df9c8c5","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":215915,"character_end":215924,"quote":"section 1","quote_sha256":"e8edaa4ef082870dfe6a4cfdd6cd64c0367ac840fc4e95457f39577e769ca207","reader_fragment":"p-214445-216151-5ae29d361ac0a559","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-214445-216151-5ae29d361ac0a559","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":215745,"character_end":216154,"quote":"nterest of its depositors.] \r\n \r\n1Subs., omitted  and ins. by Act No. XXIX of 2024, s.30. \r\n \r\nPage 75 of 109 \r\n \r\n(4)  Without prejudice  to the provisions contained in section 1[302 of the Companies Act, \r\n2017 (XIX of 2017)]  a banking company shall be deemed to be unable to pay its debts if it has \r\nrefused to meet any lawful demand made at any of its offices or branches within two working da ys, \r\nif ","quote_sha256":"e30768a15606335167c6b4cda8dc7581bbfebdb221edcbdb7e95fec2707419fa","reader_fragment":"p-214445-216151-5ae29d361ac0a559","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-214445-216151-5ae29d361ac0a559","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-691b10de1dc8cd08e6f5","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"42B","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":146756,"character_end":146953,"quote":"42B. Resolution objectives.__ The primary objectives of Resolution shall be contri buting \r\nto the stability of the financial system of Pakistan and the protection of the interest of depositors. \r\n","quote_sha256":"233049d9eaa1f1ab0ac05d2b282170511210bee7be8d95bd67b72573a9c4ea4d","reader_fragment":"p-145918-147656-b5f8543a58842bf5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-145918-147656-b5f8543a58842bf5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42b-146756","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":217371,"character_end":217382,"quote":"section 42B","quote_sha256":"7ccefd80080e05f8daa221d197b595eb904eab37f1fc9af168cfb8750229013b","reader_fragment":"p-216151-217852-448aaa0eb017440e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-216151-217852-448aaa0eb017440e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":217201,"character_end":217612,"quote":"The official liquidator appointed over such an entity shall be under obligation to avoid any \r\naction that may frustrate the achievement of the objectives provided under section 42B and shall be \r\nunder duty to coordinate with the State Bank in this respect.] \r\n   50.  Court Liquidator .—(1) When, having regard to the number of  proceedings for the \r\nwinding up of banking companies or the extent of the work ","quote_sha256":"28f6146c89404b3bde108325366f6a61ca63610a831436c74cb551c1c0125e0c","reader_fragment":"p-216151-217852-448aaa0eb017440e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-216151-217852-448aaa0eb017440e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-071a63d8fbb5648e6ad8","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"171A","qualifier":null,"resolution":"operative_heading_not_identified","target_evidence":null,"target_fragment":null,"evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":218394,"character_end":218406,"quote":"section 171A","quote_sha256":"8063b2ebe78399e9a36415fd7e238ac5c135e71e49acb4a5fc414a1b37e55ea0","reader_fragment":"p-217852-219607-777203bce8c767e6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-217852-219607-777203bce8c767e6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":218224,"character_end":218636,"quote":"t liquidator attached to a High Court and an order is passed by the \r\nHigh Court for the winding up of any banking company, then, notwithstanding anything contained in \r\nsection 171A or section l75 of the 3[Companies Ordinance, 19 84 (XL VII of 19 84)], the court \r\nliquidator shall become the official liquidator of the banking company.  \r\n(3)  Where there is a court liquidator attached to a High Court and any","quote_sha256":"b9770ebf97f7001548241df96fb381911277920782779f7dac6c70a75c407e26","reader_fragment":"p-217852-219607-777203bce8c767e6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-217852-219607-777203bce8c767e6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-f588cd4c8704ca9137df","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"50","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":217463,"character_end":217490,"quote":"   50.  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State Bank to be official liquidator .__ “(1) Notwithstanding anything  contained in \r\nsection 50, or in the Companies Act, 2017 (XIX of 2017), where the High Court has ordered the \r\nwinding up of a banking company under section 49, the State Bank may apply for an order \r\nappointing the State Bank or any individual as the off","quote_sha256":"67c21c81705e5aee2250f8c8247482e1050a15913c9a6527b98e78f2c360e43a","reader_fragment":"p-219607-221326-eb5c637dfb429dbd","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-219607-221326-eb5c637dfb429dbd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-b77ded69b806bcf72356","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"49","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":213404,"character_end":213437,"quote":"49.  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Court Liquidator .—","quote_sha256":"afc5c9cdf2c20df71f576440bf7b8b97986bd8704c89534cc169848ef3750b78","reader_fragment":"p-216151-217852-448aaa0eb017440e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-216151-217852-448aaa0eb017440e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-216151-217852-448aaa0eb017440e","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":221765,"character_end":221775,"quote":"section 50","quote_sha256":"12bd006f0158bd8c1053da0b439df167471e4d5fbe0b05fdb29b77a5b0308608","reader_fragment":"p-221326-223083-944c977a667778a4","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-221326-223083-944c977a667778a4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":221595,"character_end":222005,"quote":"7 (XIX of 2017)] , relating to a liquidator, and so far as they are not inconsistent \r\nwith this Ordinance, shall apply to or in relation to a liquidator appointed under section 50 or section \r\n51 1[:] \r\n1[Provided that such a liquidator shall provide any assistance as the Deposit Protection \r\nCorporation may seek for the re -imbursement of protected deposit s and its other claims in a timely \r\nmanner.] \r\n ","quote_sha256":"eace9eb4846023698d798b0118a6f1a2be5e392ad1deb79cac7db2cec24aed87","reader_fragment":"p-221326-223083-944c977a667778a4","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-221326-223083-944c977a667778a4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-01dbf0066b6a361d8126","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"51","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":220037,"character_end":220357,"quote":"1[51. 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Priority payments to depositors .— (1) In every proceeding  for winding-up of a banking \r\ncompany where a winding -up order has been made, within ninety days from the date of the winding -up \r\norder or where the winding -up order has been made before 1 st day of August , 2001, within ninety days \r\ntherefrom, the","quote_sha256":"33d75ae36dd621e8a2d9a5f9c1eace76128bf1a49a50364b2d5c8cbca9acee7e","reader_fragment":"p-226570-228311-cd282063564963fe","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-226570-228311-cd282063564963fe","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-58-227710","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":223557,"character_end":223567,"quote":"section 58","quote_sha256":"abe710889d391ed37bdd733508b733736502921c23aa44d09a4fa7dba37414e7","reader_fragment":"p-223083-224832-5d1528b76ba4ea75","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-223083-224832-5d1528b76ba4ea75","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":223387,"character_end":223797,"quote":"ely to \r\nbe collected in cash before the expiry of that period of ninety days in order that such assets may be \r\napplied speedily towards making priority pay ments under section 58 and in the discharge, as far as \r\npossible, of the liabilities and obligations of the banking company in accordance with the provisions \r\nof the section 58, and the official liquidator shall make for the purposes aforesaid every ","quote_sha256":"b36aa63a2e9e800afba671a2f31ccba602c098297154f7c0fd890fbc26097420","reader_fragment":"p-223083-224832-5d1528b76ba4ea75","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-223083-224832-5d1528b76ba4ea75","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-799f9ba512a963f6c582","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"58","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":227710,"character_end":228030,"quote":"2[58.  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Temporary Public Funding for Resolution .__ (1) Where an order has been made \r\nunder section 42D and in the opinion of the State Bank, public funding is required for the orderly \r\nResolution of the banking company or a bridge bank, the Federal Government, upon  a \r\nrecommendation of the State Bank, may provide tem","quote_sha256":"3160bdccaa2dfdee9ac25c6585c590552bf2ad69448c934c6ed57ff916507103","reader_fragment":"p-182843-184560-c6b89cd35179a3fc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-182843-184560-c6b89cd35179a3fc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-42i-183109","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":230432,"character_end":230443,"quote":"section 42I","quote_sha256":"b9f47b65a2a5688b08e58bca00c6dc9cfd64cfb45cf351bae091ee9456172093","reader_fragment":"p-230054-231853-e64af9d43763d319","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-230054-231853-e64af9d43763d319","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":230262,"character_end":230673,"quote":"een made to dopositors in accordance with clause (a), \r\nsecondly, for payment of Resolution funding support provided by the Federal \r\nGovernment under sub-section (1) of section 42I;] \r\n1[(b)  after payments have been made in accordance with clause (a) and (aa), thirdly, \r\nfor payment on a pro rata basis to every claimant entitled to preferential \r\npayment under section 390 of the Companies Act , 2017 (XIX o","quote_sha256":"1bed2732f12cab7f22b80f15c272cdd95e3dc945acc3b23a091beaa04ac86caa","reader_fragment":"p-230054-231853-e64af9d43763d319","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-230054-231853-e64af9d43763d319","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-5b0c0ffd803d0110c61d","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"3A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":9748,"character_end":10068,"quote":"3[3A.  Limited application of Ordinance to certain function institutions:—  \r\n4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, \r\n41C, 41D, 42, 5[42A, 42B, 42C, 42D, 42E, 42F, 42G,  42I,] 48, 49, 51, 58, 83, 84 5[93C, \r\n93CA,] and 94 shall, with such modification as the St","quote_sha256":"650f3eee78214be527ac43235365e98ad59dbccdda03f568e2db2c2efb0f02fa","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-3a-9748","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":231450,"character_end":231460,"quote":"section 3A","quote_sha256":"630c8088647990e346617c7f51fe6bb420c5ec9f16046043f0279a1ce9b083b8","reader_fragment":"p-230054-231853-e64af9d43763d319","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-230054-231853-e64af9d43763d319","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":231280,"character_end":231690,"quote":"bs., Ins. and added by Act XXIX of 2024, s.33. \r\n \r\nPage 79 of 109 \r\n \r\n(6)  For the purposes of this section, banking companies, financial institutions specified in \r\n1[section 3A and financial institutions as defined in clause 31 of sub -section (1) of section 2 of the \r\nCompanies Act, 2017 (XIX of 2017)] shall be treated as general creditors and not depositors.  \r\n(7)  Subject to sub-section (8), in orde","quote_sha256":"163a5222f2a636dc857d4f48ff912838900dfdc59819944eff3003a2efa92f06","reader_fragment":"p-230054-231853-e64af9d43763d319","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-230054-231853-e64af9d43763d319","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-52a5485bf73063c2845b","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"1","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":9049,"character_end":9092,"quote":"1.  Short title, extent and commencement.— ","quote_sha256":"7f63788bf1b877817115b2fdcfbaf7b66806a6f0b05623f7777f70398d175dea","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-8888-10605-a58554e14df9c8c5","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":234488,"character_end":234497,"quote":"section 1","quote_sha256":"e8edaa4ef082870dfe6a4cfdd6cd64c0367ac840fc4e95457f39577e769ca207","reader_fragment":"p-233598-235386-92cffb23ed3a8bd0","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-233598-235386-92cffb23ed3a8bd0","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":234318,"character_end":234727,"quote":"eligible” has been omitted from sub -sections (2), (3) and \r\n(4).] \r\n59.  Restriction on voluntary winding up. — Notwithstanding anything to the contr ary \r\ncontained in section 1[347 of the Companies Act, 2017 (XIX of 2017)] , no banking company which \r\nholds a licence granted under section 27 may be voluntarily wound up unless the State Bank certifies \r\nin writing that the company is able to pay in full ","quote_sha256":"943afb06fff92871a373697f535f1a1c2dc44a9e35f498fbd3025421fb1c7fd7","reader_fragment":"p-233598-235386-92cffb23ed3a8bd0","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-233598-235386-92cffb23ed3a8bd0","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-5eeccef883ae7075abc9","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"27","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":76264,"character_end":76303,"quote":"27.  Licensing of banking companies. — ","quote_sha256":"42edd3da2a91ddf70f801e99231f40c8443f3cda03bfac77498a77e239b4f1eb","reader_fragment":"p-75705-77437-4a583c62e93fb0e9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-75705-77437-4a583c62e93fb0e9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-75705-77437-4a583c62e93fb0e9","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":234603,"character_end":234613,"quote":"section 27","quote_sha256":"ef66a0d0c0c9c35b91fdd5ab0ed81116099cb54e362123ee9afc92cd9b6450dd","reader_fragment":"p-233598-235386-92cffb23ed3a8bd0","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-233598-235386-92cffb23ed3a8bd0","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":234433,"character_end":234843,"quote":"twithstanding anything to the contr ary \r\ncontained in section 1[347 of the Companies Act, 2017 (XIX of 2017)] , no banking company which \r\nholds a licence granted under section 27 may be voluntarily wound up unless the State Bank certifies \r\nin writing that the company is able to pay in full all i ts debts to its creditors as they accrue, and \r\nwithout prejudice to the provisions contained in sections 1[37","quote_sha256":"421f0117c36c827b69f637c3ba41a5e100afbc6333e7f57c2583558375e69868","reader_fragment":"p-233598-235386-92cffb23ed3a8bd0","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-233598-235386-92cffb23ed3a8bd0","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-a1f91da2ec24c129675e","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"62","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":236782,"character_end":236821,"quote":"62.  Transfer of pending proceedings.— ","quote_sha256":"c2852a010d46e58179d7cfeb37e3abb2f9df4a8895fbce8e42f45920e9635d81","reader_fragment":"p-235386-237180-9c8161d02356e466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-235386-237180-9c8161d02356e466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-235386-237180-9c8161d02356e466","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":236024,"character_end":236034,"quote":"section 62","quote_sha256":"8b7c3daf7425d7692e46e1f3c13cc1b2aba0151113b7f6c1b72c6cb72cc6b0a3","reader_fragment":"p-235386-237180-9c8161d02356e466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-235386-237180-9c8161d02356e466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":235854,"character_end":236264,"quote":" under this Part.  \r\n \r\n61.  Power of High Court to decide all claims in respect of banking companies. — The \r\nHigh Court shall, save as otherwise expressly  provided in section 62, have exclusive jurisdict ion to \r\nentertain and decide any claim made by or against a banking company which is being wound up \r\n(including claims by or against any of its branches in Pakistan) or any application made under \r\nsec","quote_sha256":"4b7758b4f34c92d31cf6eed4b570a6f23431ff83b486823651a3ef665a057639","reader_fragment":"p-235386-237180-9c8161d02356e466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-235386-237180-9c8161d02356e466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-f77fa622b1df3c22ede9","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"79","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":267183,"character_end":267224,"quote":"79.  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Public examination of directors and auditors  etc., in respect of a banking company \r\nunder scheme of arrangement .— (1) Where an  application for sanctioning a compromise or \r\narrangement in respect of a banking company is ma de under section 153 of the 1[Companies \r\nOrdinance, 1984 (XLVII of 1984)], or where suc","quote_sha256":"28a82a212a79b70cabaae73de0c8bb01afbebe922e0f87063c3e4b6f36f3d5f8","reader_fragment":"p-252933-254678-36d2e58756045541","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-252933-254678-36d2e58756045541","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-70-253879","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":250106,"character_end":250116,"quote":"section 70","quote_sha256":"4252d6aff5bd27ab181f44134572044965c308a85cfff9214453ba53f9dad8f6","reader_fragment":"p-249383-251159-cd6890c3cfae42f6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-249383-251159-cd6890c3cfae42f6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":249936,"character_end":250346,"quote":"l Procedure, 1908 (Act V of 1908), relating to attachment of \r\nproperty shall, as far as may be, apply to such attachment.  \r\n2[(3)  For the purposes of this section and section 70 of this Ord inance and section 235 of the \r\n1[Companies Ordinance, 19 84 (XL VII of 19 84)], “property” includes property transferred or \r\notherwise disposed of by the person referred to in sub -section (1) or any other person as","quote_sha256":"a590753dd1c9719337344613ba6325c99e918d98f8b9210045b80ac78f6dc220","reader_fragment":"p-249383-251159-cd6890c3cfae42f6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-249383-251159-cd6890c3cfae42f6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-fbcec005314b1ef9e990","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"66","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":244449,"character_end":244501,"quote":"66.  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District Magistrate to ass","quote_sha256":"fb5bad30998f0b9eb2c48a22b33c23fef9d597aebd0f1ed6fd0e9e3578a8c743","reader_fragment":"p-263511-265281-05d24981a7b2e688","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-263511-265281-05d24981a7b2e688","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-1f0985a4e365bea75df2","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"45","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":205050,"character_end":205370,"quote":"2[45. Restriction on stay order .__ (1) The High Court may, on the application of a \r\nbanking company which is temporarily unable to meet its obligation s, make an order staying for \r\na fixed period on such terms and conditions as it may think fit the commencement or continuance \r\nof all proceedings against the company","quote_sha256":"910a884b76c53de736e03abdab2ce966d8a3f52da220dd03b84af00bdc0df8f3","reader_fragment":"p-203810-205564-77ce8369286d1a0e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-203810-205564-77ce8369286d1a0e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-45-205050","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":265119,"character_end":265129,"quote":"section 45","quote_sha256":"825f83be665dbdcf3f18a6f7481f4e4e52bcd17857ca72a80bb39c4a77d94f50","reader_fragment":"p-263511-265281-05d24981a7b2e688","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-263511-265281-05d24981a7b2e688","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":264949,"character_end":265359,"quote":"ge of property of \r\nbanking company being wound up .—(1) For the purpose of enabling the official liquidator or the \r\nspecial officer appointed under sub -section (4) of section 45 to take into    his  custody or  under his \r\ncontrol  all  property,  effect and  actionable  claims  to  which  a  banking  company, which has been \r\nordered to be wound up, is or appears to be entitled, the official liquidator ","quote_sha256":"6128cf78c4fe7a91a57840b82b5a0c8628e6219360415487e04ef2c92d740a5f","reader_fragment":"p-263511-265281-05d24981a7b2e688","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-263511-265281-05d24981a7b2e688","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-fe1872ddf23084802b0f","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"63","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":238641,"character_end":238681,"quote":"   63. Settlement of list of debtors. — ","quote_sha256":"fbfdce508b83b2729c7665b4493ddf87cf7b3fc2fa8bf010386d27a15c6c7e71","reader_fragment":"p-237180-238909-9e7ce0a2d8a18c88","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-237180-238909-9e7ce0a2d8a18c88","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-237180-238909-9e7ce0a2d8a18c88","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":266640,"character_end":266650,"quote":"section 63","quote_sha256":"6f249fb0a6cf5a511ecb428c859e5f83b59067851e2c6e4464b96a3d2259b9b1","reader_fragment":"p-265281-267002-1bb2d0ef7be23088","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-265281-267002-1bb2d0ef7be23088","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":266470,"character_end":266880,"quote":"), a liquidator may apply for the execution of a decree by a court, other than the one which \r\nmade it, on product ion of a certificate granted under sub -section (6) of section 63 and on his \r\ncertifying in writing the amount remaining due or relief remaining unenforced under the decree. \r\n (3)  Without prejudice to the provisions of sub-section (1) or sub-section (2), any amount \r\n  \r\n1Subs. by the Bankin","quote_sha256":"1c7d518e150ec7d124d9199d5f6156ba1f0417de0e8d02d74b28146513dbdd4c","reader_fragment":"p-265281-267002-1bb2d0ef7be23088","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-265281-267002-1bb2d0ef7be23088","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-1db11e1caf18b9f9a230","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"92","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":298285,"character_end":298338,"quote":"92.  Power of 6[Federal Government ] to make rules. —","quote_sha256":"824cc3fa0a87cbcaa6e01756951e24fb684fd16b70468798024b03cad1dcb7b0","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-296750-298477-7f656632c7fa98ba","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":267312,"character_end":267322,"quote":"Section 92","quote_sha256":"50fbfd78170a1d2fe57b9a1324987906c424537df6704a946008b7e184793702","reader_fragment":"p-267002-268751-4883bb4f135c35e0","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-267002-268751-4883bb4f135c35e0","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":267142,"character_end":267552,"quote":" manner as an arrears of land revenue. \r\n79.  Power of High Court to make rules.— The High Court may make rules consistent with \r\nthis Ordinance and the rules made under Section 92 prescribing:  \r\n(a) the manner in which inquiries and proceedings under Part III or Part IV may be held;  \r\n(b) the offences which may be tried summarily;  \r\n(c) the authority to which, and the conditions subject to which, appeal","quote_sha256":"ee3809eea4cb8c0a384dcb404be04cb6de95690ab54a7540fe35659f0560a469","reader_fragment":"p-267002-268751-4883bb4f135c35e0","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-267002-268751-4883bb4f135c35e0","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-2a4ea47662c7b84c54d2","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"61","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":235878,"character_end":235959,"quote":"61.  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Statement of assets and liabilities to be submitted to State Bank. —Within \r\nthree days of the publication of a declaration under  sub-section (1) of section 43B in respect of a \r\ncompany, firm or other person  or within such further time as the State Bank may, by order in \r\nwriting, allow, the chief executive,","quote_sha256":"07452e320f2bc3396a97214309e01d2421d39450fd5734ef4a8272439b168202","reader_fragment":"p-200285-202032-55555e54877ef022","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-200285-202032-55555e54877ef022","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-43e-201362","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":284772,"character_end":284783,"quote":"section 43E","quote_sha256":"c4f18799b59ebfc377a264462e05dbc1bfd51b9cb2032914fb64904680b35e43","reader_fragment":"p-284514-286249-5b41cf2d13c49001","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-284514-286249-5b41cf2d13c49001","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":284602,"character_end":285013,"quote":"exercise of his \r\npowers or discharge of his functions under section 43AA ] or section 43C or sub -section (1) or sub -\r\nsection (3) or sub-section (4) of section 43D or section 43E shall be punishable with imprisonment of \r\neither description for a term which may extend to five years and with 1[penalty of an amount as \r\nspecified in the Fourth Schedule].)] \r\n7[(1D)  If any company, firm or person contravene","quote_sha256":"5847f67b7af37af80a1b7971c484ca3d45b0ffd4b3db8fc57c7dac97c75ca7b8","reader_fragment":"p-284514-286249-5b41cf2d13c49001","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-284514-286249-5b41cf2d13c49001","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-1fc71be53856376b4c22","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"27A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":80923,"character_end":81243,"quote":"3[27A.  Prohibition of advertising for deposits and collectio n.— Notwithstanding \r\nanything contained in any other law for the time being in force, no company, firm or person, not  \r\n1Subs., ins. and omitted  by Act No. XXIX of 2024, s.11. \r\n2Subs. by Act XIV of 1997, s. 7. \r\n3Subs. by the Finance Act, 1990 (7 of 1990","quote_sha256":"74530ea4636949a9652dc30bbcdf5feb19e7c82a52fafcc7edc31bedd9845da0","reader_fragment":"p-79227-81007-a8c2fe9916d70bd3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-79227-81007-a8c2fe9916d70bd3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-27a-80923","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":285033,"character_end":285044,"quote":"section 27A","quote_sha256":"41a7c4f0763540c4ec41b1fad4206e4eddd4213f81155ad8802c367c42a5d886","reader_fragment":"p-284514-286249-5b41cf2d13c49001","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-284514-286249-5b41cf2d13c49001","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":284863,"character_end":285274,"quote":"may extend to five years and with 1[penalty of an amount as \r\nspecified in the Fourth Schedule].)] \r\n7[(1D)  If any company, firm or person contravenes the provisions of section 27A, the chie f \r\nexecutive of the company and its directors, every partner of the firm and such person shall be guilty \r\nof an offence punishable with imprisonment of either description for a term which may extend to ten \r\n \r\n1Subs.","quote_sha256":"7727e6e464282608898a5e8b4246bb771da8df0c36cbe2741e2ca318206ccfbd","reader_fragment":"p-284514-286249-5b41cf2d13c49001","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-284514-286249-5b41cf2d13c49001","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-8ac97cb90fa0594fd9ef","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"24","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":63641,"character_end":63961,"quote":"1[24.  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Prosecution of directors, chief ex ecutives or other officers.  Notwithstanding \r\nanything contained in section 41A  1[and clause (a) of sub -section (1) of section 42E],  the State \r\nBank may direct prosecution of a director or chief executive by whatever name called or other \r\nofficer who, in its opinion, has","quote_sha256":"b86f50e2062f377b2b039c5a553f4bb46c80114372ac5ee638760e971e06af6d","reader_fragment":"p-137149-138928-b99bcbb2d4f3e3a6","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-137149-138928-b99bcbb2d4f3e3a6","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-41d-138500","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":289125,"character_end":289136,"quote":"section 41D","quote_sha256":"698a7c6e1ad552341dde8cfd0c270a801510b797dc8a25513d3aad4b901e1cd6","reader_fragment":"p-288001-289751-43e24db280e7a798","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-288001-289751-43e24db280e7a798","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":288955,"character_end":289366,"quote":"oviding an opportunity of being heard shall be final. \r\nExplanation.__ For the purpose of this section, the term ‘knowingly’ shall have the same meaning \r\nas given under section 41D.] \r\n3[(6)  Without prejudice to the provisions of sub -section (5), a banking company which makes \r\ndefault in complying with the requirements of sub-section (1) of section 29 shall, in respect of every day \r\nof default, pay to t","quote_sha256":"f26f2b6b1de2c0f7ace6aaca3b6080877831c4fc419330ed139fb18d00b36db5","reader_fragment":"p-288001-289751-43e24db280e7a798","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-288001-289751-43e24db280e7a798","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-163434991992e297f8f7","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"29","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":85122,"character_end":85161,"quote":"29.  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Requirement as to minimum paid-up capital and reserves.—(1)Subject to sub-\r\nsection (2) no banking company shall— \r\n \r\n(a) commence business unless it has a minimum paid -up capital as may be \r\ndetermined by the State Bank; or  \r\n \r\n(b) carry on business unless the aggregate of its capital and unencumbered \r\ngen","quote_sha256":"e9eabd5259e38e36174a45dc3be28a77ba5c3d28d0405918f46a31868f2adefe","reader_fragment":"p-37043-38841-2944d87aa9c05466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-37043-38841-2944d87aa9c05466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-13-38229","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":290268,"character_end":290278,"quote":"section 13","quote_sha256":"50c92c2f0fc37afc48af1a6a3279c607c7d6468f32e5617678a43d958b50b851","reader_fragment":"p-289751-291460-1c1e107c14495326","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-289751-291460-1c1e107c14495326","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":290098,"character_end":290508,"quote":" (5), if a banking company fails or refuses \r\nto pay or make whole or part of the amount of deposit or special deposits or penalty referred to \r\nrespectively in 3[* * *] section 13, sub-section (4) of section 25 and sub -section (6), the State Bank may, \r\nwithout not ice to the banking company, debit the amount of default to any account of the defaulting \r\nbanking company held with the State Bank.] \r\n4[(8) ","quote_sha256":"e27003ae52a825434ec839ec0d56ce0deaef98144d22f63fdc458cbaa6a593f2","reader_fragment":"p-289751-291460-1c1e107c14495326","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-289751-291460-1c1e107c14495326","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-e8af5437de15ce256d40","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"25","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":64652,"character_end":64972,"quote":"2[25. Power of Sta te Bank to control advances by banking C ompanies.__ (1) \r\nWhenever the State Bank is satisfied that it is necessary or  expedient in the public interest so to \r\ndo, it may determine the policy in relation to advances to be followed by banking companies \r\ngenerally or by any banking company in partic","quote_sha256":"066cc405523d3c524904c533567f9db24806086fe67b42c53eac93b4763afc56","reader_fragment":"p-63402-65159-15106c4bfbd9bec3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-63402-65159-15106c4bfbd9bec3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-25-64652","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":290299,"character_end":290309,"quote":"section 25","quote_sha256":"1b1607c018251117e66ef48ad6b62790e5ec00f322ceb5d80dd9fd235c0da7b9","reader_fragment":"p-289751-291460-1c1e107c14495326","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-289751-291460-1c1e107c14495326","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":290129,"character_end":290539,"quote":"s or refuses \r\nto pay or make whole or part of the amount of deposit or special deposits or penalty referred to \r\nrespectively in 3[* * *] section 13, sub-section (4) of section 25 and sub -section (6), the State Bank may, \r\nwithout not ice to the banking company, debit the amount of default to any account of the defaulting \r\nbanking company held with the State Bank.] \r\n4[(8) Without prejudice to the provis","quote_sha256":"35189902f71a976fad204111fe644bd26577ad75d24f43e44333b4f803711ac5","reader_fragment":"p-289751-291460-1c1e107c14495326","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-289751-291460-1c1e107c14495326","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-da7deed1a14cdc4afcf5","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"83","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":280976,"character_end":280993,"quote":"83. Penalties. — ","quote_sha256":"afc79687877af389017039fe15bd6bcbcfb1c4750d63043d4a78edbb1db59152","reader_fragment":"p-280976-282776-9b6a1ff7bd72ef92","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-280976-282776-9b6a1ff7bd72ef92","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"p-280976-282776-9b6a1ff7bd72ef92","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":291735,"character_end":291745,"quote":"section 83","quote_sha256":"5d399315fafaffa6e895c880aea5babf51ca5078de7c11cf0d6f932bc2853fee","reader_fragment":"p-291460-293227-89a7a831d2e4dd01","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-291460-293227-89a7a831d2e4dd01","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":291565,"character_end":291975,"quote":"84. Cognizance of offences, etc. —7[(1) No court shall take  cognizance of any offence \r\npunishable under sub -sections (1), (1A), 1[(1AA), (1B), (1C), (1D) and (2)]  of section 83 except on a \r\ncomplaint in writing made by an officer of the State Bank generally or specially authorised in writing in \r\nthis behalf by the State Bank and no court other than the High Court shall try any such offence.] \r\n(2)  Th","quote_sha256":"eb344960620cb7d1c0874e36e9bb89213c005368f4aef2a2b946dc1053865bb4","reader_fragment":"p-291460-293227-89a7a831d2e4dd01","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-291460-293227-89a7a831d2e4dd01","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-44c51f05afdefe347fdb","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"85","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":293812,"character_end":294132,"quote":"1[85. Application of fines.—A Court imposing any fine under this Ordinance may direct that \r\nthe whole or any part thereof shall be applied in or towards— \r\n \r\n(a) payment of the costs of the proceedings;  \r\n \r\n(b) the rewarding of the person on whose information the fine is recovered; or  \r\n \r\n(c) payment to a banking","quote_sha256":"e48eeeb7cb6ff11d8d4b8c7b7caf7774ef48f1ae68d2666528deae3f0e155415","reader_fragment":"p-293227-294993-c5dead2ac53cb778","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-293227-294993-c5dead2ac53cb778","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-85-293812","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":296924,"character_end":296934,"quote":"section 85","quote_sha256":"a3adefb99a197a51870b8cbdb626ba3e55cedb835b29b5768a462689f7af7704","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":296754,"character_end":297164,"quote":"as may be, to and in relation to such banking company. \r\n \r\n \r\n1Subs. by the Banking  Companies (Amdt.) Act, 19972 (30 of 1972), s.19, (w.e.f 13-10-1972) for the originl section 85. \r\n2Subs. by Act IV of 2007, s. 4 (xiii) (w.e.f. 1-7-07). \r\n3Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23, for “Central Governmant”. \r\n4Subs. ibid, 20 (w.e.f 13-10-1972), for “20,41”. \r\n5Ins. by the Financ","quote_sha256":"1eb99782f518d1e656feebf22f0d1391246c52e26d332208aa70b5f22e86d8a4","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-4f7d7f3565ecedd467d7","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"5","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":13514,"character_end":13533,"quote":"5.  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No. 4 of 1975, by S.2. for central. \r\n \r\nPage 98 of 109 \r\n \r\n1[91A.  Application of other laws barred. —The provisions of 2[clauses (dd), (ee) and (gg) \r\nof section 5, section 13, 15A, 15B, 15 C, 21, 24, 25, 25A, 25B, 26A ], 3[27], 35, 41, 41A, 41B, 41C, \r\n42, 4[43A, 3[43AA], 43B, 43C, 43D, 43E, 43F ] and 84 shall have effect not withstanding any thing \r\ncontained in any other provision of thi","quote_sha256":"93bbbb863b99448684f9083906566820c510a4053df62a9a6335aad774de74eb","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"internal-40acb9a105ec07a3c1aa","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"13","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":38229,"character_end":38549,"quote":"1[13.  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No. 4 of 1975, by S.2. for central. \r\n \r\nPage 98 of 109 \r\n \r\n1[91A.  Application of other laws barred. —The provisions of 2[clauses (dd), (ee) and (gg) \r\nof section 5, section 13, 15A, 15B, 15 C, 21, 24, 25, 25A, 25B, 26A ], 3[27], 35, 41, 41A, 41B, 41C, \r\n42, 4[43A, 3[43AA], 43B, 43C, 43D, 43E, 43F ] and 84 shall have effect not withstanding any thing \r\ncontained in any other provision of this Ordinance ","quote_sha256":"9230a6597b7c1b9bc30ad94b8d489e2b5d9058e61d7f9f1df12ae22cd27116a5","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-070cc46dfee5fe1638b7","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"91","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":296165,"character_end":296485,"quote":"91. Application of certain provisions to banking company inc orporated by special \r\nenactments of the 3[Federal Legislature].— In the case of a banking company incorporated by a \r\n10[Federal] Act 7[or an Act of Parliament]  and not liable to be wound up under the 2[companies \r\nOrdinance, 1984 (XLVII of 1984) ], the pro","quote_sha256":"450a5f30e795a92cf72e77d97002744e8431ec62fe27849c9812f68f3e9f3226","reader_fragment":"p-294993-296750-03dfdb2a58a6e67a","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-294993-296750-03dfdb2a58a6e67a","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-91-296165","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":297870,"character_end":297880,"quote":"section 91","quote_sha256":"427987b4fc014bf0310ff40ea10ef4fbb44fc766e90bd58568e8d0a2cf9a0ba8","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":297700,"character_end":298110,"quote":"41B, 41C, \r\n42, 4[43A, 3[43AA], 43B, 43C, 43D, 43E, 43F ] and 84 shall have effect not withstanding any thing \r\ncontained in any other provision of this Ordinance except section 91, or in any other law for the time \r\nbeing in force or in any contract, agreement, award, memorandum or articles of association or other \r\ninstrument.] \r\n5[91B.  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Of P., 1965, Ext., P.754. \r\n8New sections 93A, 93B","quote_sha256":"0996151f9e5fec29d69cbf30e052056b544c9742fcde6cb3552b92a1ba99cc54","reader_fragment":"p-300204-301972-b3f6032a6aba8aa3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-300204-301972-b3f6032a6aba8aa3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution_scope":"numbered_heading_only","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"internal-416e631218855765e758","source":"pk-code-7110a61fd83bfee3","target":"pk-code-7110a61fd83bfee3","provision_kind":"section","provision_number":"93A","qualifier":null,"resolution":"matched_operative_heading","target_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":300112,"character_end":300432,"quote":"8[93A.  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Definitions.—","quote_sha256":"0e8355949b38be0a2581de9a2da4ac4485c9c4fc6a3138efb0ea5803c2bb0570","reader_fragment":"p-r-11a26025-32000-33600-507e221317a64667","reader_url":"/laws/pk-code-d0aea4d6f80cd068#p-r-11a26025-32000-33600-507e221317a64667","source_url":"https://pakistancode.gov.pk/pdffiles/administrator89de324eeaa53c96ff701820d2e007e4.pdf"},"target_fragment":"p-r-11a26025-32000-33600-507e221317a64667"},{"id":"external-6bf4a1c7a583f8286f06","source":"pk-code-7110a61fd83bfee3","target":"pk-code-03404b539b9d2a9b","target_candidates":["pk-code-03404b539b9d2a9b"],"citation_id":"citation-384e139fd47a2b36b26e","provision_kind":"section","provision_number":"263","qualifier":null,"instrument_title":"Code of \r\nCriminal Procedure, 1898","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252666,"character_end":252719,"quote":"section 263 of the Code of \r\nCriminal Procedure, 1898","quote_sha256":"df0c9ec924fdeeb8038720e6e8e8e2b168b5312ed4ff399306032e19a95529e3","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"instrument_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252685,"character_end":252719,"quote":"Code of \r\nCriminal Procedure, 1898","quote_sha256":"2f8dae7d3dd8451bb50b654ec4cbe51e21070f045e58fdf38e2c4c5fd8152137","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252496,"character_end":252949,"quote":". \r\n \r\n \r\n \r\nPage 85 of 109 \r\n \r\n(c) shall, before passing any sentence, record judgement embodying the substance \r\nof the evidence and also the particulars specified in section 263 of the Code of \r\nCriminal Procedure, 1898 (Act V of 1898), so far as that section may be \r\napplicable;  \r\nand nothing contained in sub -section (2) of section 262 of the Code of Criminal Procedure, 1898 \r\n(Act V of 1898), shall apply to any such trial. \r\n(4)  All offence","quote_sha256":"17e2aa6407f78964d35daeff316ac1d88df0e8d34af1a607679e93f7ffcf96c6","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution":"matched_operative_heading","resolution_scope":"numbered_heading_only","subprovision_status":"not_applicable","target_evidence":{"record_id":"pk-code-03404b539b9d2a9b","text_version_id":"law:pk-code-03404b539b9d2a9b:sha256:3d1dacb650cc9b81e4de4e1b8bd8046b76474c412411107469f75d12a7bfb059","text_sha256":"3d1dacb650cc9b81e4de4e1b8bd8046b76474c412411107469f75d12a7bfb059","character_start":340743,"character_end":341063,"quote":"263. Record in cases w here there is no appeal.  In cases where no appeal lies, the \r\nMagistrate or Bench of Magistrates need not record the evidence of the witnesses or frame a formal \r\ncharge; but he or they shall enter in such form as the 6[Provincial Government] may direct the \r\nfollowing particulars :__ \r\n(a) the ","quote_sha256":"a98276a967dddeabeb1535a05050875465723d7b4b1294f2482e22847bb95104","reader_fragment":"p-339636-341435-9712c203d43e3b88","reader_url":"/laws/pk-code-03404b539b9d2a9b#p-339636-341435-9712c203d43e3b88","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-apaUY2Npa5lp-sg-jjjjjjjjjjjjj"},"target_fragment":"provision-263-340743","target_identification":"unique_main_heading_in_source_based_reader"},{"id":"external-94ccc9d96a783817f9fc","source":"pk-code-7110a61fd83bfee3","target":"pk-code-03404b539b9d2a9b","target_candidates":["pk-code-03404b539b9d2a9b"],"citation_id":"citation-e3ba5d7130d2833c3f5d","provision_kind":"section","provision_number":"262","qualifier":null,"instrument_title":"Code of Criminal Procedure, 1898","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252829,"character_end":252880,"quote":"section 262 of the Code of Criminal Procedure, 1898","quote_sha256":"a66a0ec9cc97e877b5fd44252423665c91af0c4e4ceb5685d10046615610f514","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"instrument_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252848,"character_end":252880,"quote":"Code of Criminal Procedure, 1898","quote_sha256":"1b01da182620115af0c42f15cc33535b3a5eaff42074da14748f6dac5a71df5b","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252659,"character_end":253110,"quote":"ied in section 263 of the Code of \r\nCriminal Procedure, 1898 (Act V of 1898), so far as that section may be \r\napplicable;  \r\nand nothing contained in sub -section (2) of section 262 of the Code of Criminal Procedure, 1898 \r\n(Act V of 1898), shall apply to any such trial. \r\n(4)  All offences in relation to winding up alleged to have been committed by any person \r\nspecified in sub -section (1) which  are punishable under this Ordinance or under the ","quote_sha256":"7feba65f15ee5e45b79411cab099fe4c095daf69ce5452479a923ddce46f96c1","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"resolution":"matched_operative_heading","resolution_scope":"numbered_heading_only","subprovision_status":"not_applicable","target_evidence":{"record_id":"pk-code-03404b539b9d2a9b","text_version_id":"law:pk-code-03404b539b9d2a9b:sha256:3d1dacb650cc9b81e4de4e1b8bd8046b76474c412411107469f75d12a7bfb059","text_sha256":"3d1dacb650cc9b81e4de4e1b8bd8046b76474c412411107469f75d12a7bfb059","character_start":340384,"character_end":340704,"quote":"262. Procedure 4[prescribed in Chapter XX] applicable. __ 5[(1)  In  trials  under  this  \r\nChapter,  the procedure  prescribed in Chapter XX shall be followed, except as hereinafter \r\nmentioned.] \r\n(2) Limit of imprisonment . 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Limited application of Ordinance to certain function institutions:—  \r\n4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, \r\n41C, 41D, 4","quote_sha256":"cfff59712112cc7c7df2b38d39be4226a4c332139b2644af352e3e8cb271ae81","reader_fragment":"p-8888-10605-a58554e14df9c8c5","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-8888-10605-a58554e14df9c8c5","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-25d56a800884c26e74da","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":11406,"character_end":11423,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-10605-12328-6deec267416431e3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-10605-12328-6deec267416431e3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":11236,"character_end":11653,"quote":"of the Federally Administered \r\nTribal Areas or to the parts of those Areas to which they do not already apply, by Regulation No. I  of 1975, s.2 and the Sch. \r\n2Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n3Subs. by Act No. XIV of 1997, s. 2.   \r\n4Subs by Ord. 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(dd) ins.by the Banking Companies (Third Amdt.) 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\r\n3[(fa) “Executive Committee ” means an Executive Committee established  under \r\nsection 9F of of the State Bank of Pakistan Act, 1956 (XXXIII of 1956);] \r\n4[(ff)  “family members ” in relation to a person means his spouse, dependent \r\nlineal ascendants and descendants and dependent brothers and sisters;] \r\n5[(ffa) “foreign banking com pany” means a banking comp","quote_sha256":"bfa400f27fce2800043e75e1c03f13a3faeaa5a62e0c8025f7efc6906a519c8a","reader_fragment":"p-17657-19422-86d6bf305cde6b20","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-17657-19422-86d6bf305cde6b20","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-c8eb7f49cdfa5a818c6b","source":"pk-code-7110a61fd83bfee3","title":"Banking Tribunals Ordinance, 1984","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":18561,"character_end":18594,"quote":"Banking Tribunals Ordinance, 1984","quote_sha256":"0123947bf598fe02ad4f9b2fbc934bd3287a364811c00523f0ee9c368bafea50","reader_fragment":"p-17657-19422-86d6bf305cde6b20","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-17657-19422-86d6bf305cde6b20","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":18391,"character_end":18824,"quote":"her legal tender or no t, or in \r\nthe form of bullion or ingot, whether refined or not; \r\n2[(gg) “loans,  advances, and credit ”  includes “finance”  as defined in the \r\nBanking Tribunals Ordinance, 1984;] \r\n(h)     “managing director ”, in relation to a banking company, means a director \r\nwho, by virtue of an agreement with the banking company or of a \r\nresolution passed by the banking company in general meeting or by its \r\nBoar","quote_sha256":"cb4b551233dbb5dd5d43d51952b1ffba93917509ead6fa7bd1a407f452f2d98b","reader_fragment":"p-17657-19422-86d6bf305cde6b20","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-17657-19422-86d6bf305cde6b20","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-e33e6ddbf8778cf2d7de","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":19432,"character_end":19449,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-19422-21207-965be566b5fb79b2","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-19422-21207-965be566b5fb79b2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":19262,"character_end":19679,"quote":"d  by  rules  made  under  this Ordinance;  \r\n(j)       “private company ” has the same meaning as in the 1[Companies \r\nOrdinance, 1984 (XLVII of 1984)];  \r\n \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs. by the Banking and Financial Services (Amendment of Laws) Ordinance, 1984 (57 of 1984),s.2 and Sch., for cl. (ee), whic h     was \r\npreviously ins. by Ord. 58 of 1980,s.2. 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(mm) ins. by the Banking companies (Third Amdt,) Ordinance 1980 (58 of 1980) s.2. \r\n4Subs. by the Banking Company (Amdt.) Act, 1972 (30 o","quote_sha256":"a935dbd01e3559505eabf8407c92541b94d66d416a19119db4a6812869e829b9","reader_fragment":"p-21207-22924-fd20d5945811f8cc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-21207-22924-fd20d5945811f8cc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-189534db3a2af4376957","source":"pk-code-7110a61fd83bfee3","title":"Banking Tribunals Ordinance, 1984","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":25785,"character_end":25820,"quote":"Banking Tribunals Ordinance, \r\n1984","quote_sha256":"cff2d8cab6f1694075f15a49c1e2ccb436df62e403279a79f3e484ede1cb0b18","reader_fragment":"p-24690-26440-97a8a594cf60cfdc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-24690-26440-97a8a594cf60cfdc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":25615,"character_end":26050,"quote":"ody or otherwise; the \r\nproviding of safe deposit vaults: the collecting and transmitting of money and \r\nsecurities;  \r\n1[(aa) the providing of finance as defined in the Banking Tribunals Ordinance, \r\n1984].  \r\n(b) acting agents for any Government or local authority or any other person or  \r\n1Inserted vide the Banking and Financial services (Amendment of Laws) Ordinance 1984 (Ordinance No. LVII of 1984), s. 2 and sch.,  \r\n \r\n \r\nPag","quote_sha256":"f7e1e4edc974fe613c2717ae9afe2c04e00a30dcfc08abb825bf59e7717c5356","reader_fragment":"p-24690-26440-97a8a594cf60cfdc","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-24690-26440-97a8a594cf60cfdc","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-61a0a830710ee1fc00c4","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":31477,"character_end":31494,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-30008-31704-0ce4bb1cdf272143","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-30008-31704-0ce4bb1cdf272143","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":31307,"character_end":31724,"quote":"her than actionable claims, stocks, sh ares, money, bullion and specie , and all \r\ninstruments referred to in clause (a) of sub-section (1) of Section 7.] \r\n \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs.  by the Federal Laws (Revision and Declaration) Ordinance, 1981 (27 of 1981), s. 3 and Sch. II, for certain words. \r\n3Subs. by Act XIV of 1997, s. 3. \r\n4Subs. by the Bankin","quote_sha256":"c6aec09f69cfa3de43951372c57509ae2b038e907961f9fabaafa41bc72eda22","reader_fragment":"p-30008-31704-0ce4bb1cdf272143","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-30008-31704-0ce4bb1cdf272143","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-1c536001c5cb8703b567","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":31916,"character_end":31933,"quote":"Finance Act, 1990","quote_sha256":"02710ada9c1d01de8b008fae52a732bcaae21fd0f5a2e27518655b4eabd9db88","reader_fragment":"p-31704-33494-1774d8b7d4b12ad3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-31704-33494-1774d8b7d4b12ad3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":31746,"character_end":32163,"quote":"t, 1975 (65 of 1975), s.2 (w.e.f. 29-8-1975), for full-stop. \r\n5Added ibid. \r\n6The words “wholly or partly owned or controlled by it or by the State Bank: omitted by the Finance Act, 1990 (7 of 1990), s. 4A which was \r\npreviously amended by Ord. 35 of 1979, s. 2 \r\n7Subs. by the Banking Companies (Third Amdt.) Ordinance, 1980 (58 of 1980), s. 4, for section 9. \r\n \r\n \r\n \r\nPage 16 of 109 \r\n \r\n10.  Disposal of non-ban","quote_sha256":"7f5a3e4e97e3ed2fa3b3a996a74a01949a040f89171818b8b5f74cdcf8d38e46","reader_fragment":"p-31704-33494-1774d8b7d4b12ad3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-31704-33494-1774d8b7d4b12ad3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-cc707e421bcfe8d8ecf4","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":37761,"character_end":37778,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-37043-38841-2944d87aa9c05466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-37043-38841-2944d87aa9c05466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":37591,"character_end":38008,"quote":"tioning or not, without the prior permission in \r\nwriting of the State Bank. \r\n______________________________________________________________________________ \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n \r\nPage 18 of 109 \r\n \r\nExplanation.— In this section the term “records” means ledgers, day books, cash books, \r\naccounts books and all other books used in the business of a ban","quote_sha256":"a0322646930dbbaa44666233df8655de8ee9271ab702ab59185dcf61b6de8aa1","reader_fragment":"p-37043-38841-2944d87aa9c05466","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-37043-38841-2944d87aa9c05466","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-8560977eec5ee3acce66","source":"pk-code-7110a61fd83bfee3","title":"State Bank of Pakistan Act, 1956","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":39410,"character_end":39442,"quote":"State Bank of Pakistan Act, 1956","quote_sha256":"77700c46fc42741c930eb93f76d47dd66364439936bc73e09b8f5979bb1d5dbc","reader_fragment":"p-38841-40578-29b408b8d7aaf13e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-38841-40578-29b408b8d7aaf13e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":39240,"character_end":39672,"quote":"— \r\n(i) interest-free deposit in cash in Pakistan rupees;  \r\n \r\n(ii) interest-free deposit in a freely convert ible approved foreign exchange \r\nwithin the meaning of the State Bank of Pakistan Act, 1956 (XXXIII of \r\n1956), specified by the State Bank in respect of such banking company; \r\nand  \r\n \r\n(iii) deposit of un-encumbered approved securities.  \r\n \r\n(3)  Without prejudice t o the provisions of section 83, the Sate Bank may,","quote_sha256":"944408aeb87d64f5ca8d3d6bb9fc59bc6899e48b94a76eb08f92f5f2c3d4271c","reader_fragment":"p-38841-40578-29b408b8d7aaf13e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-38841-40578-29b408b8d7aaf13e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-3a85d66682f055f3dbe0","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":43832,"character_end":43849,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-42317-44114-34ba3246fcf47beb","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-42317-44114-34ba3246fcf47beb","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":43662,"character_end":44079,"quote":"any and of any change in the extent of such holding or \r\nany variation in the rights attaching thereto and such other information relating to those shares as  \r\n1Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Ins. and omitted by Act No. XXIX of 2024, s.4. \r\n3Subs. by Act 30  of  1972, s.23. \r\n \r\n \r\nPage 20 of 109 \r\n \r\nthe State Bank may, by order, require and in such form and at such ","quote_sha256":"f601d44866f7eeb20525c28536f1f27b42b698a096a9ecc48b76f604817d9f5f","reader_fragment":"p-42317-44114-34ba3246fcf47beb","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-42317-44114-34ba3246fcf47beb","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-b2cd2cbe0a1c390d533d","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":49987,"character_end":50004,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-49412-51194-28f7e6f054bf6bcb","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-49412-51194-28f7e6f054bf6bcb","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":49817,"character_end":50234,"quote":". XXIX of 2024, ss.4-6. \r\n2Sections 15A, 15B and 15C inserted by the Banking Companies (Amendment) Act, 1972 (Act No. XXX of 1972), s. 5 (w.e.f. 13-10-1972). \r\n3Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n \r\nPage 22 of 109 \r\n \r\n(2) Every person to whom the fit and proper test applies and the banking company \r\nconcerned shall f urnish to the State Bank all information and any cha","quote_sha256":"831c07db4dd10ffa41b835951705ea2ae06e08e457b8ecb5f624411e2f304527","reader_fragment":"p-49412-51194-28f7e6f054bf6bcb","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-49412-51194-28f7e6f054bf6bcb","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-a4b0f834bbba0472700b","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":53542,"character_end":53559,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-52893-54636-8eca1d4086c33f62","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-52893-54636-8eca1d4086c33f62","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":53372,"character_end":53789,"quote":"al Government] where an appeal has been preferred to it \r\nunder sub-section (3) or of the State Bank where no such appeal has been preferred shall be final.  \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs. by Act 30  of  1972, s.23. for  “Centeral Government”. \r\n \r\n \r\nPage 23 of 109 \r\n \r\n19.  Restrictions as to payment of dividend .—(1) No banking  company shall pay an y \r\ndi","quote_sha256":"1a4f284b7e21418e20fe3e9a466a28a4190aed9d8aba2c4afa08374a709a8a31","reader_fragment":"p-52893-54636-8eca1d4086c33f62","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-52893-54636-8eca1d4086c33f62","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-de237c1e9d62188d2882","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":56630,"character_end":56647,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-56365-58143-76a4bcb080d44d62","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-56365-58143-76a4bcb080d44d62","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":56460,"character_end":56877,"quote":"banking company incorporated in Pakistan shall have as a director any person who is a \r\ndirector— \r\n \r\n(i) of any other banking company; or  \r\n \r\n \r\n1Subs., and added by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Sub-sections 4 & 5 added vide Banking Companies (Amendment) Act , 2011 (Act No. VII of 2011).  \r\n \r\n \r\n \r\nPage 24 of 109 \r\n \r\n(ii) of companies which among themselves are entitle","quote_sha256":"8027866d2127a9dad39ac9f484bb4b6d64025d696bd56efbc94b2bfd40f6d37a","reader_fragment":"p-56365-58143-76a4bcb080d44d62","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-56365-58143-76a4bcb080d44d62","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-08c04f6813b598cee1b1","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":81215,"character_end":81232,"quote":"Finance Act, 1990","quote_sha256":"02710ada9c1d01de8b008fae52a732bcaae21fd0f5a2e27518655b4eabd9db88","reader_fragment":"p-81007-82801-ce35e6851af3b32c","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-81007-82801-ce35e6851af3b32c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":81045,"character_end":81462,"quote":"r the time being in force, no company, firm or person, not  \r\n1Subs., ins. and omitted  by Act No. XXIX of 2024, s.11. \r\n2Subs. by Act XIV of 1997, s. 7. \r\n3Subs. by the Finance Act, 1990 (7 of 1990), s. 4A, for section 27A, which was previously ins. by Act 6 of 1987, s. 6. \r\n \r\n \r\nPage 32 of 109 \r\n \r\nbeing a banking company or a corporation or authority established by the Federal Government or \r\na company duly au","quote_sha256":"1a5360f64b30d0009dba40c960f413bb04fb8ddb4f76ae96e11deb888cc2263a","reader_fragment":"p-81007-82801-ce35e6851af3b32c","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-81007-82801-ce35e6851af3b32c","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-aa5a6ea3c15dfcc545ed","source":"pk-code-7110a61fd83bfee3","title":"State Bank of Pakistan Act, 1956","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":86791,"character_end":86825,"quote":"State Bank of Pakistan \r\nAct, 1956","quote_sha256":"5a9aad2e4da0a107b099eb85b0e4698e13356ce537c0706030ae8b2d23e16045","reader_fragment":"p-86343-88128-8239dd53002e957f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-86343-88128-8239dd53002e957f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":86621,"character_end":87055,"quote":" \r\ndeposit account with the State Bank ] including in the case of a scheduled bank the balance \r\nrequired to be so maintained under sub -section (1) of section 36 of the State Bank of Pakistan \r\nAct, 1956 (XXXIII of 1956), shall be deemed to be cash maintained.  \r\n(3)  Every banking company shall, before the close of the month succeeding the month \r\nto which the return relates, furnish to the State Bank a monthly return in the pre","quote_sha256":"ac0cd8338ad4b86a3a061ca3fa256a7f2ca51ce68b4165527b7d63859741aaf0","reader_fragment":"p-86343-88128-8239dd53002e957f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-86343-88128-8239dd53002e957f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-3db742bc8cb60f05a0c4","source":"pk-code-7110a61fd83bfee3","title":"State Bank of Pakistan Act, 1956","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":87578,"character_end":87610,"quote":"State Bank of Pakistan Act, 1956","quote_sha256":"77700c46fc42741c930eb93f76d47dd66364439936bc73e09b8f5979bb1d5dbc","reader_fragment":"p-86343-88128-8239dd53002e957f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-86343-88128-8239dd53002e957f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":87408,"character_end":87840,"quote":"ess on the preceding working day. \r\n \r\n7[(4)  The cash deposited by a banking company or financial institution under sub -section \r\n(1) and by a scheduled bank under the State Bank of Pakistan Act, 1956 (XXXIII of 1956) shall \r\nbe deemed to be part of the assets of the banking company but shall not be subject to any  \r\nencumbrance, nor shall it be available for the discharge of any liability of the banking company  \r\nor financia","quote_sha256":"874b3c0640822a98cec7a14d0b6d54804073b3f92ade2fe8e895771416522f92","reader_fragment":"p-86343-88128-8239dd53002e957f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-86343-88128-8239dd53002e957f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-11c412a1f4d8e43096bd","source":"pk-code-7110a61fd83bfee3","title":"Chartered Accountants Ordinance, 1961","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":108560,"character_end":108599,"quote":"Chartered \r\nAccountants Ordinance, 1961","quote_sha256":"b63efe658fe42021ce8e7cba6eeb7e44bf2b4a1df48287d4f7c9c7326294dbc5","reader_fragment":"p-107416-109162-b6b087854cf10bf9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-107416-109162-b6b087854cf10bf9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":108390,"character_end":108829,"quote":"\r\n3[35.  Audit.—(1) The balance sheet and profit and loss account  prepared in accordance \r\nwith section 34 shall be audited by a person who is duly qualified, under the Chartered \r\nAccountants Ordinance, 1961 (X of 1961), or any other law for the time being in force, to be an \r\nauditor of companies and is borne on the panel of auditors maintained by the State Bank for the \r\npurposes of audit of banking companies 4[.The State Bank shal","quote_sha256":"37452e95811072cc36badc4def001f2fb6eaa682cf957fab1a82dc7c4b2cfe5e","reader_fragment":"p-107416-109162-b6b087854cf10bf9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-107416-109162-b6b087854cf10bf9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-801fc6393c8a9945b698","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":109293,"character_end":109310,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-109162-110878-830097c587dc8ad2","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-109162-110878-830097c587dc8ad2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":109123,"character_end":109540,"quote":"f 1980), s. 10, for sub-section (4). \r\n3Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 12 (w.e.f. 13-10-1972), for the original section 35. \r\n4Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n \r\nPage 40 of 109 \r\n \r\n(2)  An auditor shall hold office for a period of three years and shall not be removed from \r\noffice before the expiry of that period except with the pri","quote_sha256":"2998e83337b9299eda9d4fc3160c62a7f09c9dcbcd0877b1573794ee286d5f63","reader_fragment":"p-107416-109162-b6b087854cf10bf9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-107416-109162-b6b087854cf10bf9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-1a06414df9d8331c053a","source":"pk-code-7110a61fd83bfee3","title":"Companies Act, 1913","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":110746,"character_end":110765,"quote":"Companies Act, 1913","quote_sha256":"d3ffb5a2712c1f8d449a1b4c5f42ca9c9d10a39d091b69a2483b9bdacfdd93e8","reader_fragment":"p-109162-110878-830097c587dc8ad2","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-109162-110878-830097c587dc8ad2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":110576,"character_end":110995,"quote":" \r\nexercise the functions vested in, and discharge the duties  and be subject to the liabilities and \r\npenalties imposed on, auditors, of companies by section 145 of the Companies Act, 1913 (VII of \r\n1913). \r\n2[(7)]  In addition to the  matters which, under the aforesaid Act and the guidelines laid \r\ndown by the State Bank under sub -section (3), the auditor is required to state in his report, he \r\nshall also state—","quote_sha256":"37bc28145524d47d5bb31779e652d91750f8d8121071cb5664ef642bae9a77dc","reader_fragment":"p-109162-110878-830097c587dc8ad2","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-109162-110878-830097c587dc8ad2","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-90a561aa52b110512458","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":112049,"character_end":112066,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-110878-112627-2889cba618339f80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-110878-112627-2889cba618339f80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":111879,"character_end":112296,"quote":"e State Bank, and three copies thereof  shall be furnished as returns to \r\nthe State Bank within three months of the close of the period to which they relate: \r\n1Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Re-numbered ibid. \r\n3Subs. by Act No. XXIX of 2024, s.17. \r\n \r\n \r\nPage 41 of 109 \r\n \r\nProvided that the State Bank may in special circumstances either of its own motion or on \r\nt","quote_sha256":"9f6a6edb67c98f6856c913908dce97f410b143933b42a4b2d83a2d98d70e8f8d","reader_fragment":"p-110878-112627-2889cba618339f80","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-110878-112627-2889cba618339f80","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-0e059d0f3ecf42101f37","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":115669,"character_end":115686,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":115499,"character_end":115916,"quote":"rary in this Ordinance, the following defined \r\nterms will have the meaning assigned to them under this part:__ \r\n(a) “Islamic banking institution” means: \r\n \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Ins. by Act No. XXIX of 2024, s.18.  \r\n \r\n \r\nPage 42 of 109 \r\n \r\n(i) a full-fledged Islamic banking company, where its entire business and \r\noperations are in accordance wit the ","quote_sha256":"4c6f57164d08c13694ed83edef29311468bda496fae93c93d2304ddb3d19ee66","reader_fragment":"p-114382-116170-22e1de3701a4c7de","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-114382-116170-22e1de3701a4c7de","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-2751d3458d318d2bd287","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":127884,"character_end":127901,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-126588-128386-b80615ce3e8b82d9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-126588-128386-b80615ce3e8b82d9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":127714,"character_end":128131,"quote":"mit a report to the Federal Government on any inspection \r\nmade under this section.]  \r\n   (7) 5[*   * * * * * *]  \r\n \r\n1Ins. by Act No. XXIX of 2024, s. 19. \r\n2Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n3Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23 (w.e.f. 13-10-1972), for “Central Government”. \r\n4Ins. by the Finance Act, 1990 (7 of 1990), s. 4A. \r\n5Subs. ","quote_sha256":"afa60c1121a75bd659cbb70b3e4b84f2b4f5049af8870383e2b6c1a1ef02fe69","reader_fragment":"p-126588-128386-b80615ce3e8b82d9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-126588-128386-b80615ce3e8b82d9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-4dce731aa39af782fe19","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":128084,"character_end":128101,"quote":"Finance Act, 1990","quote_sha256":"02710ada9c1d01de8b008fae52a732bcaae21fd0f5a2e27518655b4eabd9db88","reader_fragment":"p-126588-128386-b80615ce3e8b82d9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-126588-128386-b80615ce3e8b82d9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":127914,"character_end":128331,"quote":"of 2007), s.4, (w.e.f. 01-07-2007). \r\n3Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23 (w.e.f. 13-10-1972), for “Central Government”. \r\n4Ins. by the Finance Act, 1990 (7 of 1990), s. 4A. \r\n5Subs. and Omitted by Act XIV of 1997, s.10.  \r\n \r\n \r\nPage 46 of 109 \r\n \r\n  1[40A.  Responsibility of State Bank—(1) Without prejudice to the powers conferred on \r\nthe State Bank under Section 40 and notwith","quote_sha256":"fd2196462b9ecf7b15378d8bd0254c9c7664fde6b5803dd098294451de3ac7c7","reader_fragment":"p-126588-128386-b80615ce3e8b82d9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-126588-128386-b80615ce3e8b82d9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-f06041b3ccae6e1a2363","source":"pk-code-7110a61fd83bfee3","title":"Securities & Exchange Commission of Pakistan Act, 1997","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153294,"character_end":153348,"quote":"Securities & Exchange Commission of Pakistan Act, 1997","quote_sha256":"bcde8dd0f1819ac8435377fdf90d5545b5f3e0b671fec5304126579953a4c445","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":153124,"character_end":153578,"quote":"hall have effect notwithstanding anything \r\ncontained in the Companies Act, 2017 (XIX of 2017), the Securiti es Act, 2015 (I II of 2015), the \r\n \r\n \r\nPage 55 of 109 \r\n \r\nSecurities & Exchange Commission of Pakistan Act, 1997 or any other law for the time being in \r\nforce. \r\n42E. Resolution powers.__ (1) Where an order is made under section 42D, the State Bank \r\nshall have full control over the aff airs of the banking company and may exercise one or m","quote_sha256":"8f0e612885ad60bff5c18a716b3a9efd271b35f245b4f3446dd32aa0cf379efa","reader_fragment":"p-152909-154689-3252f0e35dced07e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-152909-154689-3252f0e35dced07e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-4f209942368ef696ae04","source":"pk-code-7110a61fd83bfee3","title":"G of the State Bank of Pakistan Act , 1956","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":156997,"character_end":157041,"quote":"G of the State Bank of Pakistan Act , \r\n1956","quote_sha256":"d450ea2991fbddfd664487b58e05bce764436fd25a62219f0ee0ae419c9b318d","reader_fragment":"p-156472-158220-78a33a028d2ac937","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-156472-158220-78a33a028d2ac937","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":156827,"character_end":157271,"quote":"luation, if \r\ncarried out for the Resolution purposes, shall not assume any \r\npotential future provision of public funding or the State Bank \r\nfinancing under section 17 G of the State Bank of Pakistan Act , \r\n1956 (XXXIII of 1956); \r\n(iii)  the State Bank may specify the general procedures and \r\nmethodology, and other terms and conditions for valuations, \r\nhaving regard to the purpose of the valuation; and \r\n(iv)  if conducting an inde pen","quote_sha256":"bdd66c4cadb94373789cb1a992e996fdc82d4da4ecbc789cbe6bb607f752ac39","reader_fragment":"p-156472-158220-78a33a028d2ac937","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-156472-158220-78a33a028d2ac937","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-27b41021534fa214043e","source":"pk-code-7110a61fd83bfee3","title":"State Bank of Pakistan Act, 1956","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161236,"character_end":161269,"quote":"State Bank of Pakistan  Act, 1956","quote_sha256":"28efffed30bdac18969b6a47de79856f97c51718230c04d9a8e6ea3db791854a","reader_fragment":"p-159919-161709-6470e99a59c4932f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-159919-161709-6470e99a59c4932f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":161066,"character_end":161499,"quote":"s shall be \r\nbased on liquidation values. Any value created or preserved in the banking company as a result \r\nof any public support or financing under section 17G of the State Bank of Pakistan  Act, 1956 \r\n(XXXIII of 1956 ), shall be deducted in the calculation of difference. Any such compensation \r\nshall be paid by the Deposit Protection Corporation under clause ( c) of sub-section (1) of section \r\n \r\n \r\nPage 58 of 109 \r\n \r\n22C ","quote_sha256":"a63c9d0dfe45e930b2f513699208a118ff7a810bb6e9bcdd6cc6c47b550ae4ca","reader_fragment":"p-159919-161709-6470e99a59c4932f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-159919-161709-6470e99a59c4932f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-300a6dba1f9fa41b71f1","source":"pk-code-7110a61fd83bfee3","title":"Industrial Relations Ordinance, 1969","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":168615,"character_end":168651,"quote":"Industrial Relations Ordinance, 1969","quote_sha256":"e6dc36237414fbfb89c5a0e0e4c24cb1082f2b4f17134f6ba609e2c994d58a06","reader_fragment":"p-166991-168751-59ee5e77473ea4ca","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-166991-168751-59ee5e77473ea4ca","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":168445,"character_end":168881,"quote":"ompany; \r\n(k)  the continuation of  the services of all the employees of the banking \r\ncompany, excepting such of them who, not being workmen within the \r\nmeaning of the Industrial Relations Ordinance, 1969 (XXII of 1969), are \r\nspecifically mentioned in the scheme, in the banking company itself on its \r\nreconstruction or, as the case may be, in the transferee bank at the same \r\nremuneration and on the same terms and conditions of s","quote_sha256":"eecf7712e3e91a4ab13b8840b49b3d570d591a8451b447550e72171f43797420","reader_fragment":"p-166991-168751-59ee5e77473ea4ca","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-166991-168751-59ee5e77473ea4ca","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-a6e6a97a4cce1eb0a7fc","source":"pk-code-7110a61fd83bfee3","title":"Industrial Relations Ordinance, 1969","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":170723,"character_end":170759,"quote":"Industrial Relations Ordinance, 1969","quote_sha256":"e6dc36237414fbfb89c5a0e0e4c24cb1082f2b4f17134f6ba609e2c994d58a06","reader_fragment":"p-170529-172273-bad76b87c491cef1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-170529-172273-bad76b87c491cef1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":170553,"character_end":170989,"quote":"hall be final; 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1974 ( XIX of \r\n1974), or the State Bank or any person authorised by the State Bank in this behalf. \r\n \r\n1Ins., subs. and added by the Finance Act, 1990 (7 of 1990), s. 4A. \r\n \r\n \r\n \r\n \r\nPage 70 of 109 \r\n \r\n(2)  If any person who is required by sub -section (1) to deposit, or to cause to be \r\ndeposited, any moneys, movable properties, shares, securities or title deeds fails to do","quote_sha256":"b0857c802b135ed11608e5733d4b2f2cb2929f36c0dda45a76c35d8dafea1d70","reader_fragment":"p-196799-198558-443578b3c6d02c02","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-196799-198558-443578b3c6d02c02","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-f52c118e5c5c1506373e","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this 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than an individual or a \r\ncompany, such person shall, irrespective of the number of members of which it consists, \r\n \r\n1Subs. by the Finance Act, 1990 (7 of 1990, s. 4A, for sub-section (3). \r\n2Ins. by the Finance Act, 1990 (7 of 1990), s. 4A. \r\n3Subs. by the Finance Act, 1990 (7 of 1990), s. 4A, for section 43E. \r\n \r\n \r\n \r\nPage 71 of 109 \r\n \r\nbe deemed to be an unregistered co","quote_sha256":"5526a506106e07c09fe09535ea6cc99711a733eafadd29870a724f0f59636e1b","reader_fragment":"p-202032-203810-26e95fa666e08252","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-202032-203810-26e95fa666e08252","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-72d701f5dbe98802e982","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this 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the number of members of which it consists, \r\n \r\n1Subs. by the Finance Act, 1990 (7 of 1990, s. 4A, for sub-section (3). \r\n2Ins. by the Finance Act, 1990 (7 of 1990), s. 4A. \r\n3Subs. by the Finance Act, 1990 (7 of 1990), s. 4A, for section 43E. \r\n \r\n \r\n \r\nPage 71 of 109 \r\n \r\nbe deemed to be an unregistered company which may be wound up under Part IX of the \r\n1[Companies Ordinance,","quote_sha256":"9001eae7515e0ad40c3565ca2f9db7536e40c3264e30fb5bdf271563e7183d03","reader_fragment":"p-202032-203810-26e95fa666e08252","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-202032-203810-26e95fa666e08252","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-15ecfa217998d21e117d","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this 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\r\n1Subs. by the Finance Act, 1990 (7 of 1990, s. 4A, for sub-section (3). \r\n2Ins. by the Finance Act, 1990 (7 of 1990), s. 4A. \r\n3Subs. by the Finance Act, 1990 (7 of 1990), s. 4A, for section 43E. \r\n \r\n \r\n \r\nPage 71 of 109 \r\n \r\nbe deemed to be an unregistered company which may be wound up under Part IX of the \r\n1[Companies Ordinance, 1984 (XLVII of 1984)]. \r\n \r\n(2)  Where the person in ","quote_sha256":"db559fa6648e5e857c067073add380e60e5114b3fb933950ba337bdbebc5edeb","reader_fragment":"p-202032-203810-26e95fa666e08252","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-202032-203810-26e95fa666e08252","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-c3d47a5c25dda917ecbb","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this 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Court shall forward a copy of every stay \r\norder to the State Bank of Pakistan, made under sub-section (1) of this Section. \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs. by Act No. XXIX of 2024, s.27. \r\n \r\n \r\nPage 72 of 109 \r\n \r\n(3) When an application is made under sub -section (1), the High Court may appoint such \r\na special officer of th","quote_sha256":"a65d19c47ffab8718e91d3252a700c5e3fd3b2fd4e07b0be46d7489c35852c7d","reader_fragment":"p-205564-207350-5b92a6d5859c27f3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-205564-207350-5b92a6d5859c27f3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-f5418fe02814a4aa6a14","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this 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banking company doing bus iness in Pakistan ] and any other financial institution \r\ncovered under section 3A.] \r\n \r\n1Subs., added and Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs. by Ord. CXI of 2002 s.9. \r\n \r\n \r\n \r\nPage 74 of 109 \r\n \r\n49.  Winding up by High Court. — 1[(1) Notwithstanding anything contained in section 279, \r\nsection 301 and section ","quote_sha256":"07b2a1036eb1b1e937a54df73ebd6c2c9581e9411e73fdf4ab06947465718fa8","reader_fragment":"p-212720-214445-cb55af6f8ccff70f","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-212720-214445-cb55af6f8ccff70f","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-7e69baff560a66c9e98a","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":219946,"character_end":219963,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-219607-221326-eb5c637dfb429dbd","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-219607-221326-eb5c637dfb429dbd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":219776,"character_end":220193,"quote":"s., and Ins. by Act XXIX of 2024, s.30. \r\n2Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23 (w.e.f. 13-10-1972), for “Central Government”. \r\n3Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\nPage 76 of 109 \r\n \r\n1[51. State Bank to be official liquidator .__ “(1) Notwithstanding anything  contained in \r\nsection 50, or in the Companies Act, 2017 (XIX of 2017), where ","quote_sha256":"abeddcfe3bd7066d19e3642d5349080584335bb25eeca1a9bbccba6968d31d1c","reader_fragment":"p-219607-221326-eb5c637dfb429dbd","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-219607-221326-eb5c637dfb429dbd","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-10c79709f7fe7ec50724","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":223955,"character_end":223972,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-223083-224832-5d1528b76ba4ea75","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-223083-224832-5d1528b76ba4ea75","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":223785,"character_end":224202,"quote":"esaid every endeavou r to \r\ncollect in cash as much of the assets of the banking company as practicable: \r\n1Subs., and added by Act No. XXIX of 2024, ss.31-32 \r\n2Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n3Subs. by Ord. 47 of 2001, s. 5. \r\n \r\nPage 77 of 109 \r\n \r\nProvided that  the High Court may, if it deems fit in any particular case, extend the period of \r\nninety days, referred t","quote_sha256":"bf8c06d0f9100d2d5ac268855328f29c41b98d3faf2abbe3e4cd5ddbfe122eff","reader_fragment":"p-223083-224832-5d1528b76ba4ea75","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-223083-224832-5d1528b76ba4ea75","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-74f92ceac7c7083a5ca2","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":228187,"character_end":228204,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-226570-228311-cd282063564963fe","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-226570-228311-cd282063564963fe","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":228017,"character_end":228434,"quote":"herefrom, the payments referred to in sub-section (2) shall be made by the official liquidator or adequate \r\nprovision for such payments shall be made by him. \r\n1Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs. by Ord. 47 of 01, s. 6. \r\n \r\nPage 78 of 109 \r\n \r\n1[(2) Subject to s ub-section (3), there shall be paid within the period of ninety days as \r\nspecified in sub -section (1),","quote_sha256":"1e77247a53a03a48d95a2a2790f4d4992dd930bb37e136f5004374ae6e7e9054","reader_fragment":"p-226570-228311-cd282063564963fe","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-226570-228311-cd282063564963fe","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-bdf727f5363bfd782d97","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":237704,"character_end":237721,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-237180-238909-9e7ce0a2d8a18c88","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-237180-238909-9e7ce0a2d8a18c88","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":237534,"character_end":237951,"quote":"ourt a report containing a list of all such pending proceedings together \r\nwith particulars thereof.  \r\n \r\n1Ins., and Subs. by Act No. XXIX of 2024, ss.33-34. \r\n2Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\nPage 81 of 109 \r\n \r\n(3)  On receipt of a report under sub -section (2), the High Court may, if it so thinks fit, give \r\nthe parties concerned an opportunity to show cause why t","quote_sha256":"2be9ed8bdfd1640845b770a944758d7ef3e666ec58df43b71637f7292da23c5f","reader_fragment":"p-237180-238909-9e7ce0a2d8a18c88","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-237180-238909-9e7ce0a2d8a18c88","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-12cbc4ca955bf7d23dc7","source":"pk-code-7110a61fd83bfee3","title":"Evidence Act, 1872","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":244101,"character_end":244119,"quote":"Evidence Act, 1872","quote_sha256":"21b52580df9b8c572a91c8f45b3b59719b4ce09b95ef73f8f7bc90b8f94b7b34","reader_fragment":"p-242410-244132-c512fd0d9a972ff1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-242410-244132-c512fd0d9a972ff1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":243931,"character_end":244349,"quote":"ies are contained in the books \r\nof account or other documents of the banking company in his possession. \r\n(2)  Notwithstanding anything to the contrary contained in the Evidence Act, 1872, all such \r\nentries in the books of account or other documents of a banking company shall as against the directors of \r\nthe banking company in respect of which the winding up order has been made before the commencement \r\nof this ","quote_sha256":"4b3470d040cb09b4b8b0a39fbc1db53f7b6316217348652dc5dfb14eb1d97a07","reader_fragment":"p-242410-244132-c512fd0d9a972ff1","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-242410-244132-c512fd0d9a972ff1","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-7b2f04ab302f7cfe6d61","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":245604,"character_end":245621,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-244132-245846-354311e02ca0f5d3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-244132-245846-354311e02ca0f5d3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":245434,"character_end":245851,"quote":" the \r\nconduct of the business of the banking company, or as to his conduct and dealings, in so far as they \r\nrelate to the affairs of the banking company: \r\n \r\n1Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\nPage 83 of 109 \r\n \r\nProvided that no such person shall be publicly examined unless he has been given an opportunity to \r\nshow cause why he should not be so examined. \r\n \r\n(3)  ","quote_sha256":"f7ab53da144140e9cafb80ec2f651bb11303db43c356eadbc6b3877084e93ad0","reader_fragment":"p-244132-245846-354311e02ca0f5d3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-244132-245846-354311e02ca0f5d3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-593a702a406c70a67e92","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":248809,"character_end":248826,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-247620-249383-e5ed99df5fbfe2d4","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-247620-249383-e5ed99df5fbfe2d4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":248639,"character_end":249056,"quote":"person to repay and \r\nrestore the money or property unless he proves that he is not liable to make the repayment or \r\nrestoration either wholly or in part: \r\n \r\n1Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\nPage 84 of 109 \r\n \r\nProvided that where such an order is made jointly against two or more such persons, they shall be \r\njointly and severally liable to make the repayment or re","quote_sha256":"e7b4afff866bafb430dbb7f8d0c7223b6781eaab8eba0fb780b7a192fe791782","reader_fragment":"p-247620-249383-e5ed99df5fbfe2d4","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-247620-249383-e5ed99df5fbfe2d4","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-ce0a3c9809478b965bd7","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252323,"character_end":252340,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":252153,"character_end":252570,"quote":"y in the interest of justice;  \r\n \r\n_________________________________________________________________________________________________________________________ \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Sub-section (3) added by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 15 (w.e.f. 13-10-1972). \r\n \r\n \r\n \r\nPage 85 of 109 \r\n \r\n(c) shall, before passing any sentence, r","quote_sha256":"649b0483a410001bcf3dbf1393be0ba5796de56cc7ba15e8e7ff763b5387dcf3","reader_fragment":"p-251159-252933-4b9eeda4294c5e32","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-251159-252933-4b9eeda4294c5e32","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-6e26ded890f1ed5ce890","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":256266,"character_end":256283,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-254678-256476-f8283ffa8aa295c9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-254678-256476-f8283ffa8aa295c9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":256096,"character_end":256513,"quote":"as an auditor of, or be a partner \r\nof a firm acting as auditors of, any company for such period not exceeding  five years as may be \r\nspecified in the order. \r\n1Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23 (w.e.f. 13-10-1972), for “Central Government”. \r\n \r\nPage 86 of 109 \r\n \r\n(4)  Where a schem e of reconstructio","quote_sha256":"8849cedc93cdbfcb06ca1a195c6e3561e6e981d1470a71670fc870768c39e11c","reader_fragment":"p-254678-256476-f8283ffa8aa295c9","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-254678-256476-f8283ffa8aa295c9","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-7d2895a507bceea87dc8","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":259241,"character_end":259258,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-258266-260044-e5b50c5343a837a3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-258266-260044-e5b50c5343a837a3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":259071,"character_end":259488,"quote":"e 2[Companies Ordinance, 1984 (XLVII of \r\n1Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23 (w.e.f. 13-10-1972), for “Central Government”. \r\n2Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n3Sub-section (5) and (6) added by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 16 (w.e.f. 13-10-1972). \r\n4Subs. by F.A.O. 1975, Art. 2 and Table, for “Central Governme","quote_sha256":"2dcd29a43aad0173e3d057a70f59d555eaef773c23771629606382c50de7ae9a","reader_fragment":"p-258266-260044-e5b50c5343a837a3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-258266-260044-e5b50c5343a837a3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-d732349dbc017fafe48d","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":263025,"character_end":263042,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-261776-263511-5e522d51a7be4498","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-261776-263511-5e522d51a7be4498","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":262855,"character_end":263272,"quote":"ed to do), it sh all be lawful \r\nfor the State Bank to examine the record of any such proceeding and tender such advice on the \r\nmatter as it may think fit.  \r\n1Subs. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n \r\nPage 88 of 109 \r\n \r\n75.  Power to inspect.— (1) The State Bank shall, on being directed so to do by the 1[Federal \r\nGovernment] or by the High Court, cause an inspection to ","quote_sha256":"a89e9690c602f8848a2fb3b3cc816b569e715f2e26e5c12b49a2b438e2217cb3","reader_fragment":"p-261776-263511-5e522d51a7be4498","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-261776-263511-5e522d51a7be4498","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-2bca60b1a554225ff36d","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":272357,"character_end":272374,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-272207-273931-5fbdea2c6c974b2d","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-272207-273931-5fbdea2c6c974b2d","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":272187,"character_end":272604,"quote":"r inter pretation \r\nof any regulations, directions or guidelines, the same shall be referred \r\nto the State Bank for clarification. \r\n \r\n1Omitted, reletterd, and Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\nPage 91 of 109 \r\n \r\n \r\n(ii) delays or fraud in relation to the payment or collection of cheques, \r\ndrafts or other banking instruments or the transfer of funds;  \r\n \r\n(iii) fra","quote_sha256":"957a69c7f903c4facb2888d3ca1001bcdf0d7378b7077c5ded1fa6ed7204afe2","reader_fragment":"p-270471-272207-9892ba36d0e4ebab","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-270471-272207-9892ba36d0e4ebab","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-8f04c845b50ece1c27c1","source":"pk-code-7110a61fd83bfee3","title":"Added by Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":275394,"character_end":275420,"quote":"Added by Finance Act, 2007","quote_sha256":"88143c9abd8fd0b1c66959b21624d2b479b8c97f3e6b8aa49e6c65e682cb9be1","reader_fragment":"p-273931-275665-824958f4312a1090","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-273931-275665-824958f4312a1090","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":275224,"character_end":275650,"quote":" procedure as he considers appropriate for \r\ninvestigating a complaint: \r\n_________________________________________________________________________________ \r\n1Subs., and Added by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n2Subs. by Act No. XXIX of 2024, s.35. \r\n \r\nPage 92 of 109 \r\n \r\n Provided that he shall not pass any order against a bank without first giving it a notice and an \r\nopportunity o","quote_sha256":"c584651dab099645962726ebbf65ed9bba1aef8bcd4ee7693c56d810d769b640","reader_fragment":"p-273931-275665-824958f4312a1090","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-273931-275665-824958f4312a1090","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-240ce4290f351829ff09","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":278213,"character_end":278230,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-277450-279223-c96f04831cd2dbef","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-277450-279223-c96f04831cd2dbef","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":278043,"character_end":278460,"quote":"be implemented by the concerned bank or \r\nfinancial institution within forty days and compliance thereof shall be submitted accordingly. In case  \r\n1Sub., and Ins. by by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n \r\nPage 93 of 109 \r\n \r\nan appeal against the decision of the Banking Mohtasib is preferred to the Governor State Bank the \r\naforesaid period of forty days shall be reckoned fro","quote_sha256":"99581df2f1b7ac1f235402591b29536e70d3c358fbdeb0fddbb05bb5b584a75c","reader_fragment":"p-277450-279223-c96f04831cd2dbef","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-277450-279223-c96f04831cd2dbef","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-39914711ce623d7e01cf","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":281191,"character_end":281208,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-280976-282776-9b6a1ff7bd72ef92","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-280976-282776-9b6a1ff7bd72ef92","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":281021,"character_end":281438,"quote":"lance-sheet or other  document or in any \r\ninformation required or furnished by or under or for the purposes of any provision of this Ordinance, \r\n1Renumberd and Ins. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n \r\n  \r\n \r\nPage 94 of 109 \r\n \r\nwilfully makes a statement which is false in any material particular, knowing it to be  false, or \r\nwilfully omits to make a material statement, shal","quote_sha256":"20b3bd7a4578b5dbc8831aea5b85b07e8ef9a0b49ba4aa3c607c2b009f7adc20","reader_fragment":"p-280976-282776-9b6a1ff7bd72ef92","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-280976-282776-9b6a1ff7bd72ef92","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-e7614f4324496490e1fe","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":285497,"character_end":285514,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-284514-286249-5b41cf2d13c49001","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-284514-286249-5b41cf2d13c49001","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":285327,"character_end":285744,"quote":"ns. by the Banking Companies (Amdt) Act, 1972(30 of 1972),s.17(w.e.f 13.10.1972). \r\n3Ins. by Banking Company (Admt.) Act, 1997 (Act No XIV of 1997), s.16. \r\n4Ins. by the Finance Act, 2007 (Act No. IV of 2007), s.4 (w.e.f. 01-07-2007). \r\n5New sub-section (1B) Ins. by the Banking Companies (Admt)Ordinance,1979 (6 of 1979),s.4. \r\n6New sub-section(1C)ins by the Banking Companies (Amedt) Ordinance,1979. \r\n7Subs. and In","quote_sha256":"99f6c79950e1f11cbe7910bc80ec19adc72d15556917c518cdb6246ad91795e3","reader_fragment":"p-284514-286249-5b41cf2d13c49001","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-284514-286249-5b41cf2d13c49001","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-4bc19e6613b089875554","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this 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(Admt)Ordinance,1979 (6 of 1979),s.4. \r\n6New sub-section(1C)ins by the Banking Companies (Amedt) Ordinance,1979. \r\n7Subs. and Ins. by the Finance Act, 1990 (Act No. VII of 1990), s.4A. \r\n \r\n \r\nPage 95 of 109 \r\n \r\nyears and with fine the amount of which shall not be less than twice the amount of deposits received in \r\ncontravention of the said section and forfeiture of whole or part ","quote_sha256":"18f7bdad98168c1447a3666aad2e0b90f79785e348c58177a1cd686864375610","reader_fragment":"p-284514-286249-5b41cf2d13c49001","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-284514-286249-5b41cf2d13c49001","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-4ef325cd038c4d328462","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":289683,"character_end":289700,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-288001-289751-43e24db280e7a798","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-288001-289751-43e24db280e7a798","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":289513,"character_end":289930,"quote":"amount is maintained, of the mini mum amount required to be maintained \r\nunder that sub-section, and  \r\n \r\n \r\n1Subs., and ins. by Act No. XXIX of 2024, s.36. \r\n2Sub., by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n3Sub-section(6)added by the Banking Companies(Amdt) Act,1968(15 of 1968), s.2(w.e.f 23.12.1968) \r\n \r\nPage 96 of 109 \r\n \r\n(b) if  any  amount  below  such  minimum  is  maintained,","quote_sha256":"26ef5c06f6288f94c971b238e4788e3497790c5e04db67fbd024652778a7b567","reader_fragment":"p-288001-289751-43e24db280e7a798","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-288001-289751-43e24db280e7a798","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-93861a1e47664a55e5d7","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":293528,"character_end":293545,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-293227-294993-c5dead2ac53cb778","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-293227-294993-c5dead2ac53cb778","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":293358,"character_end":293775,"quote":" ss.36-37. \r\n2Sub-section (7) added by the Banking companies (Amdt) Act, 1972 (30 of 1972), s.17 (w.e.f  13-10-1972). \r\n3Omitted by Ord. 48 of  2000, s.7. \r\n4Added by by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n5Ins by Act XIV of 1997, s.17. \r\n6Subs by the Banking Companies (Amdt) Act, 1972 (30 of 1972), s.18 (w.e.f 13-10-1972). \r\n7Subs by the Finance Act, 1990 (7 of 1990), s.4A, for sub","quote_sha256":"380afc28a3834f9f0a9e66bbf686b19d119462f1227692a1342a50741b04e3f4","reader_fragment":"p-293227-294993-c5dead2ac53cb778","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-293227-294993-c5dead2ac53cb778","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-89a9b4c3e29943ae4996","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":293731,"character_end":293748,"quote":"Finance Act, 1990","quote_sha256":"02710ada9c1d01de8b008fae52a732bcaae21fd0f5a2e27518655b4eabd9db88","reader_fragment":"p-293227-294993-c5dead2ac53cb778","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-293227-294993-c5dead2ac53cb778","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":293561,"character_end":293978,"quote":"2007), s.4, (w.e.f. 01-07-2007). \r\n5Ins by Act XIV of 1997, s.17. \r\n6Subs by the Banking Companies (Amdt) Act, 1972 (30 of 1972), s.18 (w.e.f 13-10-1972). \r\n7Subs by the Finance Act, 1990 (7 of 1990), s.4A, for sub-section(1) \r\n \r\nPage 97 of 109 \r\n \r\n1[85. Application of fines.—A Court imposing any fine under this Ordinance may direct that \r\nthe whole or any part thereof shall be applied in or towards— \r\n \r\n(a) pa","quote_sha256":"085c70d73cf0de8988ded83e517a332d9c2cfa894abe7f4cb7ea45d71568ec72","reader_fragment":"p-293227-294993-c5dead2ac53cb778","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-293227-294993-c5dead2ac53cb778","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-ab1bd719a9fcfd1f505b","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 1990","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":297158,"character_end":297175,"quote":"Finance Act, 1990","quote_sha256":"02710ada9c1d01de8b008fae52a732bcaae21fd0f5a2e27518655b4eabd9db88","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":296988,"character_end":297405,"quote":"07). \r\n3Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972), s. 23, for “Central Governmant”. \r\n4Subs. ibid, 20 (w.e.f 13-10-1972), for “20,41”. \r\n5Ins. by the Finance Act, 1990 (7 of 1990), s. 4A. \r\n6Ins. by the Banking Companies (Amdt.) Ordinance, 1979 (56 of 1979), ss. 5 and 6. \r\n7Ins. by F.A.O, 1975, Art  2 & sch. (w.e.f 01-08-1975). \r\n8Subs. by Act 30 of 1972, s.21, for “16 to 19, 21, 23 to 25”. \r\n9","quote_sha256":"77c1124838226d7f7ad9da40a260e752aa4d9fe4570d64ef6368d87b24530a61","reader_fragment":"p-296750-298477-7f656632c7fa98ba","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-296750-298477-7f656632c7fa98ba","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-d333cb937356785c5207","source":"pk-code-7110a61fd83bfee3","title":"Finance Act,1990","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":301170,"character_end":301186,"quote":"Finance Act,1990","quote_sha256":"7ff30fea7c62f9849a778502482ecfd8fe57527ef7e3e8187c209a33e337283a","reader_fragment":"p-300204-301972-b3f6032a6aba8aa3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-300204-301972-b3f6032a6aba8aa3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":301000,"character_end":301416,"quote":"\r\n \r\n1S.91A Ins by the Banking Companies (amdt) Act,1972(30 of 1972), s.22. \r\n2Subs by the Banking Companies(third Amdt) Ordinacne,1980 (58 of 1980), s.12. \r\n3Ins by the Finance Act,1990(7 of 1990), s.4A. \r\n4Ins by the Banking Companies (admt)Ordinacen, 1979 (56 of 1979), ss.  And 6. \r\n5New section 91B ins. by Ord 58 of 1980, s.13. \r\n6Subs. by the Banking Companies (Amdt.) Act, 1972 (30 of 1972). S. 23 (w.e.f 13-","quote_sha256":"c81afefc94dd3a12da4e60bf2306753d83e4e3fdfdebfc56113f9ed74a34c94c","reader_fragment":"p-300204-301972-b3f6032a6aba8aa3","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-300204-301972-b3f6032a6aba8aa3","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-605797cdf972b126be76","source":"pk-code-7110a61fd83bfee3","title":"Finance Act, 2007","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":305289,"character_end":305306,"quote":"Finance Act, 2007","quote_sha256":"5e7d4cdce85b9b537f8037ca6a43304b119b90e1d558498eede8ffd90da96cce","reader_fragment":"p-303716-305513-fc754c8a1a83275e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-303716-305513-fc754c8a1a83275e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":305119,"character_end":305536,"quote":", such charge shall continue to remain valid and shall \r\nmaintain its priority in favour of the banking company against all charges created by such person in  \r\n1Sub. by Finance Act, 2007 (Act No. IV of 2007), s.4, (w.e.f. 01-07-2007). \r\n2Ins. by Act No. XXIX of 2024, s.38. \r\n \r\nPage 100 of 109 \r\n \r\nfavour of any other person subsequent to the original date of registration of such charge. \r\nExplanation:— For the p","quote_sha256":"35edea49d86df1665b8c51550084771ec7765165cd8c6c13146f9b650ca6cfeb","reader_fragment":"p-303716-305513-fc754c8a1a83275e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-303716-305513-fc754c8a1a83275e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-7dcbd65d55e6990545df","source":"pk-code-7110a61fd83bfee3","title":"Banking Tribunals Ordinance, 1984","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":305637,"character_end":305670,"quote":"Banking Tribunals Ordinance, 1984","quote_sha256":"0123947bf598fe02ad4f9b2fbc934bd3287a364811c00523f0ee9c368bafea50","reader_fragment":"p-305513-307313-c8ce70526262c4d8","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-305513-307313-c8ce70526262c4d8","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":305467,"character_end":305900,"quote":"iginal date of registration of such charge. \r\nExplanation:— For the purposes of section 93A, 93B, 93C and 93D,  “banking company” \r\nshall have the same meaning as in the Banking Tribunals Ordinance, 1984.] \r\n1[94. Protection of action taken in good faith and indemnity .__ (1) No suit, prosecution or \r\nother legal proceedings including for damages shall lie against the Federal Government, a Provincial \r\nGovernment, any officer of ","quote_sha256":"c5e84dc0c74e07bc5fed6e5c337219134c1578687a7e0ea0126ed27ef64b0d66","reader_fragment":"p-303716-305513-fc754c8a1a83275e","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-303716-305513-fc754c8a1a83275e","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}},{"id":"unresolved-617764ae38625affdc54","source":"pk-code-7110a61fd83bfee3","title":"FOURTH SCHEDULE THE BANKING COMPANIES ORDINANCE, 1962","reason":"No unique full-title and year match in this library","evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":321746,"character_end":321801,"quote":"FOURTH SCHEDULE \r\nTHE BANKING COMPANIES ORDINANCE, 1962","quote_sha256":"3fad7ad6ca070dd7a99b7695465980b7f0109a5d832d2bf32af6f697da6c6a66","reader_fragment":"p-321517-322551-129bbc84297d9330","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-321517-322551-129bbc84297d9330","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"},"context_evidence":{"record_id":"pk-code-7110a61fd83bfee3","text_version_id":"law:pk-code-7110a61fd83bfee3:sha256:8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","text_sha256":"8d37691e13124f57dd9492d9850ee066eb02d18ab4fb794ca07668a12f54e8a3","character_start":321576,"character_end":322031,"quote":"h is place the names and addresses of legal \r\nrepresentatives as far as the official liquidator is able to ascertain. \r\n \r\n____________ \r\n \r\n \r\nPage 109 of 109 \r\n \r\n1THE FOURTH SCHEDULE \r\nTHE BANKING COMPANIES ORDINANCE, 1962 \r\n[See Section 25(3),831 \r\n \r\nSection Limit of Penalty Per day during which the default \r\ncontinues \r\n25(3) Upto Rs. 200,000/- Upto Rs. 10,000 \r\n83(1) Upto Rs. 5,000,000/- - \r\n83(1A) Upto Rs. 100,000,000/- - \r\n83(1C) Upto Rs. 50,","quote_sha256":"b385caaea0a5292df367549db9cfc43b6ecce3721470a2ea4ebd9e489fb07eae","reader_fragment":"p-321517-322551-129bbc84297d9330","reader_url":"/laws/pk-code-7110a61fd83bfee3#p-321517-322551-129bbc84297d9330","source_url":"https://pakistancode.gov.pk/alpha/UY2FqaJw1-apaUY2Fqa-cJ%2BV-sg-jjjjjjjjjjjjj"}}]}