Agricultural Development Bank (First Amendment) Ordinance 1983

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ORDINANCE XXVII OF 1983

AGRICULTURAL DEVELOPMENT BANK (AMENDMENT) ORDINANCE, 1983

An Ordinance further to amend the Agricultural Development Bank Ordinance, 1961

[Gazette of Pakistan, Extraordinary, Part. 1, 3rd November, 1983]

No. F. 17 (1)/83-Pub.--The following Ordinance made by the President is hereby published for general information :---

Whereas it is expedient further to amend the Agricultural Development Bank Ordinance, 1961 (IV of 1961), for the purpose hereinafter appearing ;

And whereas the President is satisfied that circumstances exist which render it necessary to take immediate action ;

Now, therefore, in pursuance of the Proclamation of the fifth day of July, 1977, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance :-

1. Short title and commencement.--(1) This Ordinance may be called the Agricultural .Development Bank (Amendment) Ordinance, 1983.

(2) It shall come into force at once.

**2. Amendment of section 10, Ordinance IV of 1961.--**In the Agricultural Development Bank Ordinance, 1961 (IV of 1961), in section 10, after subsection (1), the following new subsection shall be inserted, namely :-

"(1.A) The Chairman shall on the expiry of his term of office be eligible for reappointment."

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