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THE ASSOCIATED PRESS OF PAKISTAN (TAKING OVER) ORDINANCE, 1961 THE ASSOCIATED PRESS OF PAKISTAN (TAKING OVER) ORDINANCE, 1961 ORDINANCE No. XX of 1961 [15th June, 1961] An Ordinance to enable the Central Government to take over the Associated Press of Pakistan Limited 3. Power to take over Associated Press. (1) The Central Government may, notwithstanding anything contained in any other law for the time being in force, or in any trust or wakf, or in any deed or other instrument, by notification in the official Gazette, take over the entire undertaking of the Associated Press on such date as may be specified in the notification. (2) On the date specified in the notification under sub-section (a) the Associated Press shall stand dissolved for the pur poses of the Companies Act, 1913 ; (b) all assets, rights, powers, authorities and privileges, all property, movable and immovable, cash and bank balances, reserve funds, investments and all other in terests and rights in, or arising out of, such property, of the Associated Press, shall stand transferred to, and vest in, the Central Government VII of 1913 ; (c) all debts and liabilities incurred, all obligations under taken, all contracts entered into, and all agreements made by or with the Associated Press, shall stand transferred to, and be deemed to have been incurred, undertaken, entered into or made, by or with, the Cen tral Government ; (d) any sum payable to, or recoverable by, the Associated Press shall be deemed to be payable to, or recoverable by, the Central Government; (e) the members of the Associated Press shall be liable to contribute to the assets thereof for payment of its debts and liabilities to the extent to which they would have been liable had the Associated Press been wound up under the Companies Act, 1913, VII of 1913; (f) all suits and other legal proceedings instituted by or against the Associated Press before the said date shall be deemed to have been instituted by or against the Central Government and may be continued or pro ceeded with accordingly; (g) any reference to the Associated Press in any law other than this Ordinance, or in any rule, regulation, order or notification or in any contract, deed or other document shall, except where the context otherwise requires or the Central Government otherwise directs, be construed as reference to the Central Government.