Section 16: Executive Committee — Investment Corporation of Pakistan Ordinance, 1966

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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16. Executive Committee.__ (1) The Board shall constitute an Executive Committee consisting of the following members to assist it in the discharge of its functions under this Ordinance :__ (a) the Managing Director ; (b) two Directors appointed under clause (b) (i) of subsection (1) of section 12 ; (c) two Directors from amongst the remaining Directors. (2) The members of the Executive Committee shall hold office for such period as may be laid down in the regulations; (3) The minutes of every meeting of the Executive Committee shall be laid before the Board for information at its meeting next following the meeting of the Committee. (4) Subject to general or special directions of the Board, the Executive Committee may deal with any matter within the competence of the Board.

Effective date: 1966-01-01

Related sections

Section 15: Qualifications and disqualifications of Directors Section 17: Annual general meetings and special meetings of the shareholders Section 14: Managing Director Section 18: Meeting of the Board and the Executive Committee Section 13: Chairman Section 19: Fees for attending meetings. A Director shall be paid such fees for attending meetings

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