Section 5: Units to be approved securities — National Investment (Unit) Trust Ordinance, 1965

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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5. Units to be approved securities.—Notwithstanding anything to the contrary contained in any law for the time being in force, the Units shall be deemed to be included among the securities enumerated in section 20 of the Trust Act, 1882 (II of 1882), and to be approved securities and approved investments for the purposes of the Insurance Act, 1938 (IV of 1938) and section 282B (2) of the Companies Act, 1913 (VII of 1913).

Effective date: 1965-01-01

Related sections

Section 4: Power of 1[Federal Government] to authorize issue of Bearer Certificates Section 6: Trust Deed to be binding on the holders of Units Section 3: Units to be transferable movable property Section 7: Notice of trust not receivable Section 2: Definitions Section 8: Act XVIII of 1891 to apply

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