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Amendment of section 48, Ordinance LVII of 1962
Act: Banking Companies (Amendment) Ordinance 2001
Section Provisions
ORDINANCE XLVII OF 2001 BANKING COMPANIES (AMENDMENT) ORDINANCE 2001 ORDINANCE XLVII OF 2001 An Ordinance further to amend the Banking Companies Ordinance, 1962 [Gazette of Pakistan, Extraordinary, Part I, 30th August, 2001] F.No.2(1)/2001-Pub., dated 30-8-2001.---The following Ordinance promulgated by the President is hereby published for general information:-- 4. Amendment of section 48, Ordinance LVII of 1962.--In the said Ordinance, in section 4.8, after subsection (6), the following new subsection shall be added, namely:-- "(7) In this section, "banking company" means any banking company and includes the National Bank of Pakistan and any other financial institution covered under section 3A."