Section 3A: Limited application of Ordianace to certain financial institutions

3[3A. Limited application of Ordinance to certain function institutions:-- 4[(1) The provisions of sections 6, 13, 5[15C,] 25, 25A, 5[*], 29, 31, 32, 33, 40, 41, 41A, 41B, 41C, 41D, 42, 5[42A, 42B, 42C, 42D, 42E, 42F, 42G, 42I,] 48, 49, 51, 58, 83, 84 5[93C, 1[(1A) The provisions of sections 41C, 42, 42A, 42B, 42C, 42D, 42E, 42F, 42G, 42H, 42I, Part III, 93C and 93CA shall, with such modification as the State Bank may determine from time to time to achieve objectives mentioned in the said sections, apply to the microfinance banks licensed under the Microfinance Institutions Ordinance, 2001 (LV of 2001) and shall have effect notwithstanding anything to the contrary contained in the Microfinance Institutions Ordinance, 2001 (LV of 2001).] (2) All notifications issued by the Federal Government which are inconsistent with the provisions of sub-section (1) including such notification in respect of the National Development leasing Corporations, Leasing Companies and Modaraba Companies shall stand rescinded with immediate effect.]

Effective date: 1962-06-07

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