Modaraba Companies and Modaraba Floatation and Control) (Amendment) Ordinance 1985

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ORDINANCE XIX OF 1985

MODARABA COMPANIES AND MODARABA FLOATATION AND CONTROL) (AMENDMENT) ORDINANCE, 1985

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

[Gazette of Pakistan, Extraordinary, Part I, 13th March, 1985]

No. 17 (1)/85-Pub.-The following Ordinance, made by the President, 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 purposes hereinafter appearing ;

And whereas the National Assembly is not in session and the President is satisfied that circumstances exist which render it necessary to take immediate action.

Now, therefore, in exercise of the powers conferred by clause (1) of Article 89 of the Constitution, the President is ple

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

(2) It shall come into force at once.

2. Amendment of section 19, Ordinance XXXI of 1980.- In the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 (XXXI of 1980), hereinafter referred to as the said Ordinance, in section 19, after subsection (4), the following new subsection shall be added, namely :-

"(5) An appeal preferred under subsection (1) shall be disposed of by the Federal Government after giving the appellant an opportunity of being heard.".

**3. Amendment of section 22, Ordinance XXXI of 1980.-**In the said Ordinance, in section 28, after subsection (2), the following new subsection may be added, namely :-

"(3) An appeal preferred under subsection (2) shall be disposed of by the Federal Government after giving the appellant an opportunity of being heard."

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