8
Compensation
Act: Associated Press of Pakistan (Taking Over) Ordinance 1961
Section Provisions
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 8. Compensation. If, after assessment of the assets and liabilities of the Associated Press, the value of the assets exceed the value of the liabilities, the Central Government shall, to the extent of the excess, pay compensation to the persons who would have been entitled to surplus remaining after payment of the debts and liabilities as if the Associated Press has been wound up under the Companies Act, 1913.