Section 16: Prohibition of false statement, etc. No modaraba company, director, officer, employee or — Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980

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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16. Prohibition of false statement, etc. No modaraba company, director, officer, employee or agent or auditor thereof shall, in any document, prospectus, report, return, accounts, information or explanation required to be furnished in pursuance of this Ordinance or the rules, or in any application made under this Ordinance or the rules, make any statement or give any information which he knows or has reasonable cause to believe to be false or incorrect or omit any material fact therefrom.

Effective date: 1980-01-01

Related sections

Section 15: Audit of accounts Section 17: Conditions applicable to modaraba company Section 14: Preparation and circulation of annual accounts, reports, etc Section 18: Remuneration of modaraba company. The remuneration of a modaraba company in Section 13: Conditions applicable to modaraba Section 19: Cancellation of registration

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