West Pakistan Small Industries Corporation (Dissolution) Act, 1972

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THE WEST PAKISTAN SMALL INDUSTRIES CORPORATION 
(DISSOLUTION) ACT, 1972. 
 
 
 
 
CONTENTS 
1. Short title and commencement 
2. Definitions 
3. Dissolution of Corporation 
4. Transfer of projects, etc. of the Corporation 
5. Transfer of employees of Corporation 
6. Supplemental powers 
7. Repeal of Ordinance XXIV of 1972 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
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THE WEST PAKISTAN SMALL INDUSTRIES CORPORATION 
(DISSOLUTION) ACT, 1972. 
 
1
Act No. III OF 1972 
 
[4th September, 1972] 
 
 
An Act to provide for the dissolution of the West Pakistan Small Industries 
Corporation. 
 
WHEREAS it is expedient to provide for the dissolution of the West Pakistan Small 
Industries Corporation, and for matters ancillary thereto; 
 
It is hereby enacted as follows:— 
 
1. Short title and commencement. —(1) This Act may be called the West Pakistan Small 
Industries Corporation (Dissolution) Act, 1972. 
 
(2) It shall come into force at once and shall be deemed to have taken effect on the 27th 
day of June, 1972. 
 
2. Definitions.― In this Act, unless there is anything repugnant in the subject or 
context,― 
 
(a)       “appointed day” means the 30th day of June, 1972, or such earlier date as the 
President may, by noti fication in the official Gazette, specify to  be the 
appointed day for the purposes of this Act; 
 
(b)   “Corporation” m eans the West Pakistan Small Industries Corporation 
established under the West Pakistan Small Industries Corporation Ordinance, 
1965 (W.P. Ord. XXX of 1965); 
 
(c)       “Projects,  undertaking  and  properties”  includes  assets,  rights,  authorities, 
powers privileges, properties, both movable and immovable, including lands, 
mines, l eases, l easeholds, shares, book -debts, and all rights, int erests and 
benefits in assignable contracts and chose in action;  and 
 
(d)       “Provinces” means the Provinces constituted under the Province of West 
Pakistan (Dissolution) Order, 1970 (P.O. No. 1 of 1970). 
 
3. Dissolution of Corporation.― On the appointed day,— 
 
(a)       the corporation shall stand dissolved; and 
 
(b)     the West Pakistan Small Industries Corporation Ordinance, 1965 (W.P. Ord. 
XXX of 1965) and the Province of West Pakistan (Dissolution) Order, 1970 
(P.O. No. 1 of 1970), in so far as it relates to, or makes p rovision for the 
Corporation, shall stand repealed. 
 
4. Transfer of projects, etc. of the Corporation.― (1) Notwithstanding anything 
contained in the West Pakistan small Industries Corporation Ordinance, 1965 (W.P. Ord. XXX of 
1965), or in any law, agreement or contract for the time being in force, the President may at any 
time before the appointed day, by order direct that any business, project, undertaking or property of 
the Corporation shall be transferred to such one of the Provinces, on such date, in such manner 
and to such extent as may be specified in the order; and the business and project, undertaking and 
property so transferred shall be carried on by, and vest in, the Province. 
 
1 For Statement of Objects and Reasons, see Gaz. of P., 1972, Ext., Pt. III, p. 345. 
 
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 (2) Consistent with the order made under sub-section(1), the President may, by order, 
make such provision as may appear to him to be expedient or necessary to provide for succession to, 
and transfer of, all the rights, properties, assets and liabilities of the Co rporation, and the 
apportionment and adjustment of such rights, properties, assets and liabilities among the Provinces. 
 
(3) For the purpose of determining financial adjustment to be made amongst the Provinces, 
the As sets and Liabilities Committee s et up under Article 4 of the Dissolution  of West Pakistan 
Province (Rights, Properties, Assets and Liabilities) Order, 1971 (P.O. No. 2 of 1971), shall take 
into account any order made by the President under sub-section (1) or sub- section (2). 
 
5. Transfer of employees of Corporation.― Persons who were in  the whole time 
employment of the corporation immediately before the commencement of this Act shall be 
transferred to, and appointed by, the Provinces in accordance with the rules made by the President 
in this behalf: 
 
Provided that the persons so transferred shall be appointed on such terms and conditions as 
the President may by order determine. 
 
6. Supplemental powers.― Without prejudice to the provisions of this Act, the President 
may, in such manner as he may consider necessary or expedient, provide for the removal  of  
difficulties  arising  out  of,  or  in  connection  with,  the  dissolution  of  the Corporation or for 
effectively carrying out the purposes of this Act. 
 
7.  Repeal of Ordinance XXIV of 1972.― The West Pakistan Small Industries Corporation 
(Dissolution) Ordinance, 1972 (XXIV of 1972), is hereby repealed. 
 
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