Modaraba Companies and Modaraba (Floatation and Control) (Second Amendment) Act 1985

ACT XIII OF 1985

MODARABA COMPANIES AND MODARABA (FLOATATION AND CONTROL) (SECOND AMENDMENT) ACT, 1985

An Act further to amend the Modaraba Companies and Modarabas (Floatation and Control) Ordinance, 1980

[Gazette of Pakistan, Extraordinary, Part I, 27th July, 1985]

The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on the 15th July, 1985, and is hereby published for general information :-

Whereas it is expedient further .to amend the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 (XXXI of 1980), for the purpose hereinafter appearing ;

It is hereby enacted as follows :-

1. Short title and commencement.-- (1) This Act may be called the Modaraba Companies and Modaraba (Floatation and Control) (Second Amendment) Act, 1985.

(2) It shall come into force at once.

2. Amendment of section 5, Ordinance XXXI of 1980.-- In the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 (XXXI of 1980), in section 5, in clause (b), for the word "five million" the words "two and a half million" shall be substituted.