Federal · Act · 1994

Banking Tribunals (Validation of Orders) Act, 1994

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THE BANKING TRIBUNALS (VALIDATION OF ORDERS) ACT, 1994

The Banking Tribunals (Validation of Orders) Act, 1994 ACT No. V OF 1994 An Act to validate certain order passed by the Banking Tribunals WHEREAS it is expedient to validate certain orders passed under the Banking Tribunals

(Amendment) Act, 1992 (IV of 1992), for the purpose hereinafter appearing; It is hereby enacted as follows :__

Section 1. Short title, extent and commencement

(1) This Act may be called the Banking Tribunals (Validation of Orders) Act, 1994.

(2) It extends to the whole of Pakistan.

(3) It shall come into force at once.

Section 2. Validation

Notwithstanding any order or decision of any court, any order or judgement passed, decision or proceeding taken or recoveries made by the Banking Tribunal under the Banking Tribunals (Amendment) Act, 1992,(IV of 1992), or any appointment made or notification issued thereunder, at any time before the commencement of this Act, and purporting to be in exercise of the authority conferred on the Banking Tribunal under the said Act shall be deemed to have been validly made, passed or taken and shall have, and shall be deemed always to have had, affect accordingly.

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CONTENTS 
 
 
 
1. Short title, extent and commencement.  
2.  Validation.

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Exact source transcription retained, including print layout and extraction artifacts. Text SHA-256: 611a078d0424c9f9cb00e0f0af2aff9e07f7d84a910af02b8424cb5d7048bb08.

THE BANKING TRIBUNALS (VALIDATION OF ORDERS) ACT, 1994 
 
 
 
                                                        CONTENTS 
 
 
 
1. Short title, extent and commencement.  
2.  Validation. 
  

 
 
The Banking Tribunals (Validation of Orders) Act, 1994 
ACT No. V OF 1994 
An Act to validate certain order passed by the Banking Tribunals 
WHEREAS it is expedient to validate certain orders passed under the Banking Tribunals 
(Amendment) Act, 1992 (IV of 1992), for the purpose hereinafter appearing; 
It is hereby enacted as follows :__ 
1. Short title, extent and commencement.— (1) This Act may be called the Banking Tribunals 
(Validation of Orders) Act, 1994.  
(2) It extends to the whole of Pakistan.  
(3) It shall come into force at once. 
2. Validation. Notwithstanding any order or decision of any court, any order or judgement 
passed, decision or proceeding taken or recoveries made by the Banking Tribunal under the Banking 
Tribunals (Amendment) Act, 1992,(IV of 1992), or any appointme nt made or notification issued 
thereunder, at any time before the commencement of this Act, and purporting to be in exercise of the 
authority conferred on the Banking Tribunal under the said Act shall be deemed to have been validly 
made, passed or taken and shall have, and shall be deemed always to have had, affect accordingly.

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Stored text SHA-256: 611a078d0424c9f9cb00e0f0af2aff9e07f7d84a910af02b8424cb5d7048bb08
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Recorded title: Banking Tribunals (Validation of Orders) Act, 1994
Source collection: Federal — this does not establish territorial applicability.
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Stored text SHA-256: 611a078d0424c9f9cb00e0f0af2aff9e07f7d84a910af02b8424cb5d7048bb08