Pakistan Refugees Rehabilitation Finance Corporation (Dissolution) Ordinance, 1980

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THE PAKISTAN REFUGEES REHABILITATION FINANCE 
CORPORATION (DISSOLUTION) ORDINANCE, 1980 
 
 
 
CONTENTS 
 
1.  Short title and commencement 
 
2.  Definitions 
3.  Transfer of undertaking, etc., of the Corporation 
4.  Dissolution of the Corporation 
5.  Supplementary powers 
 
 
 
 
 
 
 
 
 
 
 

 
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THE PAKISTAN REFUGEES REHABILITATION FINANCE 
CORPORATION (DISSOLUTION) ORDINANCE, 1980 
ORDINANCE No. I of 1980 
[7th January, 1980] 
An Ordinance to provide for the dissolution of the Pakistan Refugees Rehabilitation Finance 
Corporation. 
 WHEREAS it is expedient to provide for the dissolution of the Pakistan Refugees 
Rehabilitation Finance Corporation, and for matters ancillary thereto; 
 AND WHEREAS the President is satisfied that circumstances exist which render it necessary 
to take immediate action ; 
 NOW, THEREFORE, in pursuance of the Proclamation of the fifth day of July, 1977, read 
with the Laws (Continuance in Force) Order, 1977 (C.M.L.A. Order No. I of 1 977), and in exercise 
of all powers enabling him in that behalf, the Presid ent is pleased to make and promulgate the 
following Ordinance :— 
 
 1. Short title and com mencement.—(1) This Ordinance may be called the Pakistan 
Refugees Rehabilitation Finance Corporation (Dissolution) Ordinance, 1980.   
 (2) It shall come into force at once. 
 2. Definitions.  In this Ordinance, unless there is anything repugna nt in the subject or 
context,— 
(a) “Corporation” mean the Pakistan Refugees Rehabilitation Finance 
Corporation established under the Pakistan Refugees Rehabilitation Finance 
Corporation Ordinance, 1959 (II of 1960) ; and 
 
(b) “undertakings and properties” shall include loans, assets, rights, authorities, 
powers, properties, both movable and immovable, including lands, leases, 
leaseholds, reserve fund investments, shares, book debts, and all rights, 
interests and benefits in assignable contracts and choses in action. 
 3. Transfer of undertaking, etc., of the Corporation.  Notwithstanding anything contained 
in the Pakistan Refugees Rehabilitation Finance Corporation Ordinance, 1959 (II o f 1960) or in any 
law, agreement or contract for the time being in force, the Federal Government may, by order, 1direct 
that,— 
(a) the undertakings and properties of the Corporation shall be transferred to such 
body or authority as it may think f it, on such date, in such manner and to such 
extent as may be specified in the order, and the undertakings and properties so 
transferred shall be carried on by, and vest in the body or authority concerned ; 
and 
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1For such Order, see S.R.0:499(I)/80, dated 13-5-80, Gaz. of P., 1980, Extra., Pt. II. pp. 605-606. 
 
 
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(b) the officers, advisers and employees of the Corporation shall be transferred to, 
and appointed by, such body or authority as aforesaid, in such manner and on 
such terms and conditions as may be specified in the order. 
 4. Dissolution of the Corporation. —(1) As soon as may be after the order under section 3 
has issued, the Federal Government may, by notification 1 in the offici al Gazette, direct that the 
Corporation shall be dissolved on such date as may be specified in the notification, and thereupon the 
Corporation shall stand dissolved. 
 (2) Upon the dissolution of the Corporation under sub-section (1),— 
(a) the Pakistan Refugees Rehabilitation Finance Corporation Ordinance, 1959 (II 
of 1960) shall stand repealed ; 
(b) all debts, liabilities and obligations incurred by the Corporation before its 
dissolution shall be deemed to be debts, liabilities and obligations incurred by 
the body or authority to which the undertakings and properties of the 
Corporation are transferred under section 3 ; 
(c) all contracts entered into, and all matter s and things engaged to be done, by, 
with or for the Corporation before its dissolution shall be deemed to be 
contracts entered into, and matters and things engaged to be done by, with or 
for such body or authority as aforesaid ; and 
(d) all suits and other legal proceedings instituted by or against the Corporation 
before its dissolution shall be d eemed to be suits and legal proceedings 
instituted by or against such body or authority as aforesaid. 
 5. Supplemen tary powers.  Without prejudice to the foregoing provisions, the Federal 
Government may, in such manner as it may consider necessary or expedient, provide for ,— 
(a) the removal of difficulties arising out of, or in connection with, the dissolution 
of the Corporation or in effectively carrying out the purposes of this 
Ordinance; 
(b) other matters supplemental or incidental to, or consequential upon, the 
dissolution of Corporation. 
 
 
  
 
 
 
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1For such notification, see S.R.O. 500(I)/80, dated 13-5-80, Gaz. of P., 1980, Extra., Pt. II p. 606.