Section 8: Contracts and proceedings — Regional Development Finance Corporation and Small Business Finance Corporation (Amalgamation and Conversion) Ordinance, 2001

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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8. Contracts and proceedings.____(1) All contracts subsisting or having effect immediately before the effective date, to which the R.D.F.C. or S.B.F.C. may have been a party or beneficiary, shall be deemed to have been made by the company. (2) All proceedings by or against or relating to the R.D.F.C. or al S.B.F.C. pending on the effective date before any Court, tribunal arbitrator or any other authority shall be continued, prosecuted of the defended, enforced and executed by or against the company in the same manner and to the same extent as might have been continued prosecuted, defended, enforced and executed by or against the R.D.F.C. or S.B.F.C., as the case may be.

Effective date: 2001-01-01

Related sections

Section 7: Continuation of service in the company Section 9: Bar to jurisdiction Section 6: Continuation of taking deposits and other business Section 10: Indemnity Section 5: Transfer and vesting of assets, contracts, liabilities, proceedings and undertakings Section 11: Ordinance to override other laws, etc

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