Agricultural Development Bank (Second Amendment) Ordinance 1983

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ORDINANCE XXXV OF 1983

AGRICULTURAL DEVELOPMENT BANK (AMENDMENT) ORDINANCE, 1983

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

[Gazette of Pakistan, Extraordinary, Part I, 29th December, 1983]

No. F. 17(1),183-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 Ordi nance :-

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 19, Ordinance IV of 1961.--**In the Agricultural Development Bank Ordinance, 1961 (1V of 1961), in section 19, in sub-section (1), in clause (d), for the proviso the following shall be substituted, namely :-

"Provided that, where a loan not exceeding such amount as the Federal Government may, by notification in the official Gazette, specify is made to an individual agriculturist, it may be secured by a bond with one or more sureties, as the Bank may deem necessary.".

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