Section 40: Indemnity. No suit, prosecution or other legal proceeding shall lie against the Federal — 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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40. Indemnity. No suit, prosecution or other legal proceeding shall lie against the Federal Government or the Registrar or any other officer for anything which is in good faith done or intended to be done under this Ordinance, or any rules.

Effective date: 1980-01-01

Related sections

Section 39: Delegation of powers. The Registrar may, by notification in the official Gazette, delegate,Section 41: Power to make rules Section 38: Power of Federal Government to exempt, etc. The Federal Government may, by Section 42: Act to override other laws. The provisions of this Ordinance shall have effect Section 37: Exemption from tax. The income of a modaraba shall be exempt from tax under the Section 43: Removal of difficulties. If any difficulty arises in giving effect to any provision of this

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