Section 21: Vacancies

21. Vacancies.____ (1) Any vacancy occurring on the Central or a Local Board by the death, resignation 9[, removal] or disqualification of any Director or Member shall be filled by the remaining Directors or Members, as the case may be, who shall co-opt a duly qualified person to fill the vacancy: 1 Subs. omitted and added by the National Bank of Pakistan (Amdt.) Ordinance, 1970 (14 of 1970), s. 4. 2 Subs. by Act 11 of 1973, s. 6, for “Central Government”. 3 Subs. by the National Bank of Pakistan (Amdt.) Ordinance, 1960 (52 of 1960), s. 10, for certain original words. 4 Ins. by the National Bank of Pakistan Ordinance (Amdt.) Act, 1953 (29 of 1953), s. 3. 5 Added by the National Bank of Pakistan (Amdt.) Ordinance, 1970 (14 of 1970), s. 5. 6 The original words “and local” omitted by Ordinance 52 of 1960, s. 10. 7 Sub-section (2A) which was originally inserted by Ord. 52 of 1960, s. 10 have been omitted by Ord. 14 of 1970, s. 5. 8 The original sub-section (3) which was subs. by Ord. 14 of 1970, s. 5 has been subs. by the National bank of Pakistan (Amdt.) Act, 1973 (11 of 1973), s. 5. 9 Ins. by the National Bank of Pakistan (Amdt.) Ordinance, 1960 (52 of 1960), s. 11. Provided that where a vacancy occurs in the office of a Director or Member appointed by the 1[Federal Government] or the Central Board, the vacancy shall be filled only by appointment by the 1[Federal Government] or the Central Board, as the case may be. (2) Any Director or Member so 2* * appointed shall be deemed to have held office from the date on which the Director or Member in whose place he is 2[* *] appointed was 3[* *] appointed, or, when such Director or Member was co-opted or appointed under this sub-section, from the date on which his mediate or immediate predecessor was 2[* *] appointed, as the case may be. 4[(3) Any Director or Member co-opted under sub-section (1) shall retire at the next general or local meeting, as the case may be, and the vacancy so occurring on the Central or a Local Board shall be filled by election as provided in clause (b) of sub-section (1) of section 14 or clause (d) of section 15, as the case may be.]

Effective date: 1949-01-01

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