7
Amendment of section 27, Ordinance LVII of 1962
Act: Banking Companies (Amendment) Act 1997
Section Provisions
ACT XIV OF 1997 document.onkeyup = Stopit; --> BANKING COMPANIES (AMENDMENT) ACT, 1997 ACT XIV OF 1997 [31st May 1997] An Act further to amend the Banking Companies Ordinance, 1962 [Gazette of Pakistan, Extraordinary, Part I, 2nd June, 1997[ No.F.9(19)/97‑Legis., dated 2‑6‑1997.‑‑The following Act of Majlis‑e- Shoora (Parliament) received the assent of the President on the 31st May, 1997, is hereby published for general information:‑‑ 7. Amendment of section 27, Ordinance LVII of 1962.‑‑In the said Ordinance, in section 27,‑‑ (a) in subsection (5) for the words "appeal to the Federal Government" he words "apply for review to the Central Board of the State Bank" shall be substituted; and (b) for subsection (6) the following shall be substituted, namely:‑‑ "(6) The decision of the State Bank subject to the result of review under subsection (5), if. any, shall be final."