Section 2: Definitions

Plain-Language Summary

A general explanation to aid understanding. The official statutory text appears below.

This section defines the following terms used in The Abandoned Properties (Management) Act, 1975: • abandoned property — any property, movable or immovable (including share in industrial units and firms, investments, deposits, policies of insurance and all other interests and rights in or to or arising out of any such property), belonging to a specified person and includes any such property sold or transferred to, or placed under the supervision or control of, any other person on or after the sixteenth day of December, 1971, but does not include any ornaments or wearing apparel or any cooking vessels or other house-hold effects in the immediate possession of a specified person, not exceeding a total of rupees one thousand; • Administrator — the Administrator appointed under section 5, and includes a Deputy Administrator; • Board — the Board of Trustees constituted under section 4; • prescribed — prescribed by rules; • rules — rules made under this Act; 1 Omitted by Act No. XLV of 1976, (w. e. f 12­2­75) ss. 2-3. 1[ • specified person — a person who, at any time before the sixteenth day of December, 1971, was a citizen of Pakistan domiciled in the territories which before the said day constituted the Province of East Pakistan and who, on or after that day, has ceased or ceases to be a citizen of Pakistan, and includes a company registered in the said territories the registered office of which has not been shifted in pursuance of the Companies (Shifting of Registered Office) Ordinance, 1972 (V of 1972).] This is the official statutory text, shown as written — it is not a paraphrase or a legal opinion. Consult a verified lawyer to see how it applies to your specific situation.

2. Definitions.—In this Act, unless there is anything repugnant in the subject or context,— (a) “abandoned property” means any property, movable or immovable (including share in industrial units and firms, investments, deposits, policies of insurance and all other interests and rights in or to or arising out of any such property), belonging to a specified person and includes any such property sold or transferred to, or placed under the supervision or control of, any other person on or after the sixteenth day of December, 1971, but does not include any ornaments or wearing apparel or any cooking vessels or other house-hold effects in the immediate possession of a specified person, not exceeding a total of rupees one thousand; (b) “Administrator” means the Administrator appointed under section 5, and includes a Deputy Administrator; (c) “Board” means the Board of Trustees constituted under section 4; (d) “prescribed” means prescribed by rules; (e) “rules” means rules made under this Act; 1 Omitted by Act No. XLV of 1976, (w. e. f 12­2­75) ss. 2-3. 1[(f) “specified person” means a person who, at any time before the sixteenth day of December, 1971, was a citizen of Pakistan domiciled in the territories which before the said day constituted the Province of East Pakistan and who, on or after that day, has ceased or ceases to be a citizen of Pakistan, and includes a company registered in the said territories the registered office of which has not been shifted in pursuance of the Companies (Shifting of Registered Office) Ordinance, 1972 (V of 1972).]

Effective date: 1975-01-01

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