Section 42: Act to override other laws. The provisions of this Ordinance shall have effect — 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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42. Act to override other laws. The provisions of this Ordinance shall have effect notwithstanding anything contained in the Companies Act, 1913 (VII of 1913) or any other law for the time being in force.

Effective date: 1980-01-01

Related sections

Section 41: Power to make rules Section 43: Removal of difficulties. If any difficulty arises in giving effect to any provision of this Section 40: Indemnity. No suit, prosecution or other legal proceeding shall lie against the Federal Section 39: Delegation of powers. The Registrar may, by notification in the official Gazette, delegate,Section 38: Power of Federal Government to exempt, etc. The Federal Government may, by Section 37: Exemption from tax. The income of a modaraba shall be exempt from tax under the

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