Section 32: Delegation of powers — Investment Corporation of Pakistan Ordinance, 1966

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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32. Delegation of powers.__ (1) The Board may for the purposes of ensuring efficient functioning of the Corporation and facilitating transaction of its business, delegate to the Managing Director subject to such conditions and limitations, if any, as may be specified in this behalf, such of its powers and duties under this Ordinance as it may deem necessary. (2) The Managing Director may for the purpose of facilitating the transaction of the Corporation’s business delegate to the officers of the Corporation, subject to such conditions and limitations if any as may be specified in that behalf, such of his powers and duties under this Ordinance or the rules and regulations as may be necessary.

Effective date: 1966-01-01

Related sections

Section 31: Recovery of Corporation’s dues. Without prejudice to the right of the Corporation to Section 33: Offences Section 30: Power to call for payment before agreed period Section 34: Liquidation of Corporation. No provision of law relating to the winding up of Section 29: Return. The Corporation shall furnish to the 1[Federal Government] within three Section 35: Power of Federal Government to make rules. The 1[Federal Government] may make

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