Section 12: Modaraba to be a legal person. __ (1) A Modaraba shall sue and be sued in its own name — Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980

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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12. Modaraba to be a legal person. __ (1) A Modaraba shall sue and be sued in its own name through the modaraba company. (2) The assets and liabilities of each modaraba shall be separate and distinct from those of another modaraba as also from those of the modaraba company.

Effective date: 1980-01-01

Related sections

Section 11: Authorization. __The Registrar may, after obtaining from the Religious Board a certificate Section 13: Conditions applicable to modaraba Section 10: Business of modaraba. No modaraba shall be a business which is opposed to the Section 14: Preparation and circulation of annual accounts, reports, etc Section 9: Religious Board. The Federal Government shall, for the purposes of the Ordinance,Section 15: Audit of accounts

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