Section 34: Transitional provisions.⸻ (1) All existing trade organisations, before making application

34. Transitional provisions.⸻ (1) All existing trade organisations, before making application for grant of licence under this Act, shall alter their memorandum and articles of association or any existing arrangement and shall take such other actions as are necessary to bring the constitution, working and procedures of the existing trade organisations in conformity with provisions of this Act. (2) Notwithstanding anything contained in this Act or any other law, for the time being in force, or provisions contained in the memorandum and articles of association of any trade organisation, in order to bring the composition of the Federation of Pakistan Chambers of Commerce and Industry, chambers and associations in conformity with the provisions of this Act, the 1[division to which business of this Act stands allocated] may, within six months of the commencement of this Act, pass any orders deemed appropriate for this purpose. Such orders may include, but not limited to, extension of the tenure of the office bearers and committees or supersession of Executive Committee or appointment of administrator or annulment of the elections of any trade organisation including the Federation of Pakistan Chambers of Commerce and Industry, held under the repealed ordinance or the order of the court. Simultaneously, with the passing of such order, the 1[division to which business of this Act stands allocated] shall issue schedule of election for the respective trade organisation.

Effective date: 2013-01-01

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