Section 9: Evaluation
The Banks (Transfer of Assets and Liabilities) Act, 1974 · Banking/Financial Laws · Legal status not independently verified
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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9. Evaluation.___ (1) The National Bank of Pakistan shall cause the assets and liabilities of the specified offices and branches to be evaluated and such evaluation to be duly audited by any auditor who is a chartered accountant within the meaning of the Chartered Accountants Ordinance, 1961 (X of 1961). (2) The report of an evaluation under sub-section (1), duly audited as required by that sub- section, shall disclose the financial status of each of the specified offices and branches as at the date of transfer under section 4, and shall be submitted to the Federal Government within three months of such date. (3) The Federal Government may, by order, issue directions as to the manner in which any excess of assets over liabilities or any shortfall therein of the specified offices and branches as at the date of the transfer by virtue of section 4 is to be disposed of or recovered, as the case may be.
Effective date: 1974-01-01
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Version banks-transfer-of-assets-and-liabilities-act-1974~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.