3
Power to exempt Banks
Act: Banking Companies (Control) Act 1948
Section Provisions
Act No Act No. XXII of 1948 Banking Companies (Control) Act. 1948. An Act to Provide for the control of banking companies by the State Bank of Pakistan, Whereas it is expedient to provide for the control of banking companies by the State Bank of Pakistan ; It is hereby enacted as follows : 3. Power to exempt Banks.-The State Bank may with the previous approval of Central Government exempt any banking company from all or any of the provisions or this Act or any rule made thereunder subject to such terms and conditions as it may consider proper.