Section 13: Penalties — Banks (Transfer of Assets and Liabilities) Act, 1974

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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13. Penalties.— Any person who contravenes any of the provisions of this Act or of any rule or order made thereunder or wilfully obstructs any person in carrying out the purposes of this Act shall be punishable with imprisonment for a term which may extend to three years, or with fine, or with both.

Effective date: 1974-01-01

Related sections

Section 12: References in other laws Section 14: Bar of Jurisdiction Section 11: Extension of limitation Section 15: Indemnity Section 10: Validity of action of officers of specified offices and branches Section 16: Power to make rules

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