Section 4: Share Capital — National Bank of Pakistan (NBP) Ordinance, 1949

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) Subject to the provisions of this Ordinance the authorised 2[Capital] of the Bank shall be 3[such as the Federal Government, may by notification in the official Gazette, specify and the amount so specified shall be divided into] 4[Ordinary shares of ten] rupees each. (2) Out of the said capital there shall, from time to time, be issued such number of shares and on such terms, if any, including the terms of brokerage and underwriting, as the Central Board may decide 5[.] 6* * * * * * * (3) The liability of the shareholders of the Bank shall be limited to the amount not fully paid up on their shares. (4) The shareholders of the Bank may, subject to the sanction of the 7[Federal Government], 8* * * by special resolution, increase or reduce the capital of the Bank. CHAPTER III SHARES

Effective date: 1949-01-01

Related sections

Section 3: Establishment and incorporation of the Bank Section 5: Nature of shares Section 2: Definitions Section 6: Principal register of shareholders Section 1: Short title, extent and commencement Section 7: Branch registers

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