Section 15B: Security for loans or subscription. No 1* * subscription shall be made unless it is — Provincial Industrial Development Corporation (West Pakistan) Ordinance, 1962

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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15B. Security for loans or subscription. No 1* * subscription shall be made unless it is adequately secured by pledge, mortgage, hypothecation or assignment of such property, movable or immovable, and of such value in proportion to the 1* * subscription as may be notified by Government from time to time: 2* * * * * * *

Effective date: 1962-01-01

Related sections

Section 15A: [Limit of accommodation.] Omitted by the Provincial Industrial Development Section 15C: [Limit of loans or guarantees.] Omitted by the Provincial Industrial Development Section 15: Business which the Corporation shall transact Section 15D: [Power to impose conditions.] Omitted by the Provincial Industrial Development Section 14: Delegation of Powers. The Chairman, may, by general or special order in writing,Section 15E: Loans in foreign currency

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