Section 27: Disposal of profit — 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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27. Disposal of profit.__ (1) The Corporation shall establish a Reserve Fund to which shall be credited such amount out of its net annual profit as the Board may determine. 1Added by the Investment Corporation of Pakistan (Amdt.) Ordinance, 1971 (12 of 1971), s. 3. 2Added by Act 4 of 1999, s. 9. 3Subs. by F.A.O., 1975, Art. 2 and Table for “Central Government”. (2) After deducting the amount under subsection (1) and making necessary provisions for depreciation of assets and such other matters as are usually provided for by investment companies and institutions or are considered expedient in their interest the Corporation may, out of the surplus remaining from that net annual profit, declare such dividends as may be approved by the Board.

Effective date: 1966-01-01

Related sections

Section 26: Power to impose conditions. For the purpose of transacting any business under this Section 28: Auditors Section 25: Special powers. The Corporation’s commission, brokerage, fees and other charges for Section 29: Return. The Corporation shall furnish to the 1[Federal Government] within three Section 24: Borrowing powers Section 30: Power to call for payment before agreed period

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