Section 51: Act or proceeding of the Board not to be questioned — State Bank of Pakistan Act, 1956 (SBP Act)

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51. Act or proceeding of the 4[Board] not to be questioned. No act or proceeding of the Central Board 4[or the Monetary Policy Committee] shall be questioned on the ground merely of the existence of any vacancy in or any defect in the constitution of such Board.

Effective date: 1956-04-18

Related sections

Section 50: Liquidation of the Bank Section 52: [Omitted]Section 49: Exemption from taxes Section 52A: Protection of action taken in good faith and indemnity Section 48: Exemption from stamp duty Section 53: Duty of officer and servants to maintain secrecy

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