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AGRICULTURAL DEVELOPMENT BANK OF PAKISTAN (REORGANIZATION AND CONVERSION) ORDINANCE, 2002 AGRICULTURAL DEVELOPMENT BANK OF PAKISTAN (REORGANIZATION AND CONVERSION) ORDINANCE, 2002 ORDINANCE LX OF 2002 An Ordinance to provide for reorganization and conversion of the Agricultural Development Bank of Pakistan into a public limited company incorporated under the Companies Ordinance, 1984 [Gazette of Pakistan, Extraordinary, Part-I, 4th October, 2002] F.No.2(1)/2002-Pub. dated 4-10-2002.---The following Ordinance promulgated by the President is hereby published for general information:-- 2. Definitions.--(1) In this Ordinance, unless there is anything repugnant in the subject or context, (a) "ADBP" means the Agricultural Development Bank of Pakistan established under the Agricultural Development Bank Ordinance, 1961 (IV of 1961); (b) "assets" means rights, powers of every description and includes all properties, movable or immovable, tangible or intangible, mortgages, charges and claims, cash and bank balance, advances, reserve funds, investments and all other interest or rights in the name of ADBP, as the case may be; (c) "Company" means the Company formed and registered pursuant to section 3; (d) "contracts" mean all contracts, agreements, bonds, guarantees, indemnities, representations, obligations, undertakings arid other legal documents and instruments of every description executed by or on behalf of ADBP, including employment, investment, sales, and financial contracts with whomsoever; (e) "deposits" means the deposits received by ADBP during the course of its business; (f) "effective date" means the date specified in the order issued under subsection (1) of section 4; (g) "liabilities" means all liabilities lawfully incurred by ADBP and includes all debts, liabilities, obligations and duties of every kind imposed thereon; (h) "Order" means an order made by the Federal Government under subsection (1) of section 4; (i) "proceedings" include applications, appeals, awards, petition reviews and revisions tiled or pending in an suit, arbitration or other legal or administrative proceedings; (j) "transfer" means the transfer of assets, contracts, deposits, liabilities, proceedings and undertakings of ADBP, as the case may be; and (k) "undertaking" includes all projects venture and any other operations, undertaken by ADBP in collaboration with some other person. (2) All expressions and words used but not defined in this Ordinance shall have the same meanings as in the Companies Ordinance, 1984 (XLVII of 1984).