Section 4: Share Capital — Provincial Industrial Development Corporation (West Pakistan) Ordinance, 1962

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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4. Share Capital.___ (1) The authorized share capital of the Corporation shall, in the first instance, be one crore of rupees divided into one hundred fully paid up shares of one lakh of rupees each, of which forty five shares will be issued in the first instance and the remaining shares may be issued from time to time by the Corporation with the previous sanction of the Government. (2) Nothing in sub-section (1) shall prevent the Corporation from increasing its capital with the previous sanction of the Government.

Effective date: 1962-01-01

Related sections

Section 3: Establishment of the Corporation and its offices Section 5: Management Section 2: Definitions. In this Ordinance, unless there is anything repugnant in the subject or Section 6: Appointment and term of office of Directors Section 1: Short title, extent and commencement Section 7: Chairman

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