Section 13: Local Boards

13. Local Boards.___7[Two] Local Boards shall be established for the areas mentioned in sub-section (5) of section 8, one each at 8[Karachi] and Lahore, and shall without prejudice to the powers conferred by section 12, have power, within the prescribed limits, generally to transact all the usual business of the Bank. 1 Subs. by the National Bank of Pakistan (Amdt.) Ordinance, 1960 (52 of 1960), s. 4 for certain original words. 2 Omitted by the Federal Laws (Revision and Declaration) Ordinance, 1981 (27 of 1981), s. 3 and Sch. II. 3 Subs. by the National Bank of Pakistan (Amdt.) Ordinance, 1960 (52 of 1960), s. 4, for the original sub-section (5), as amended by the Federal Laws (Revision and Declaration), Act, 1951 (26 of 1951), and the Central Laws (Statute Reforms), Ordinance, 1960 (21 of 1960). 4 Subs. by the National Bank of Pakistan (Amdt.) Act, 1973 (11 of 1973), s. 2. 5 Ins. and omitted by F.A.O., 1975, Art. 2 and Sch. 6 Subs. ibid., Art. 2 and Table. 7 Subs. by F.A.O., 1975, Art. 2 and Sch., for “three”. 8 Subs. ibid., for “Karachi, Dacca”.

Effective date: 1949-01-01

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