Section 31: Liquidation of the Bank — 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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31. Liquidation of the Bank.___Nothing in the Companies Act, 1913 (VII of 1913), shall apply to the Bank, and the Bank shall not be placed in liquidation save by order of the 1[Federal Government], and in such manner and under such terms and conditions, including the terms as to calls on and forfeiture of shares, as the 1[Federal Government] may by its order of liquidation direct.

Effective date: 1949-01-01

Related sections

Section 30: Acceptance of liabilities Section 32: Power of the Central Board to make bye-laws Section 29: Rights and duties of auditors Section 33: [Transitional provisions.] Omitted by the National Bank of Pakistan (Amdt.) Ordinance,Section 28: Government auditors Section 27: Auditors

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