Section 3: Establishment of the Authority

3. Establishment of the Authority.—(1) There shall be established an Authority to be called the Small and Medium Enterprises Development Authority for carrying out the purposes and objectives of this Ordinance. (2) The Authority shall be a body corporate having perpetual succession and a common seal, with power, subject to the provisions of this Ordinance, to acquire, take-over, hold and dispose of property, both moveable and immovable, to inter into contracts and shall by the said name sue and be sued. (3) The Authority shall have the sole and exclusive right to have and se all emblems, motto, logo, decorations, descriptive or designating marks and title now or heretofore used by the Authority, the name “Small and Medium Enterprise Development Authority or any similar grammatical variation thereof and shall also have the sole and exclusive right to have and to use any emblems, motto, logo decorations, descriptive or designating marks or titles hereafter adopted by the Authority for carrying out its objectives. (4) The Head Office of the Authority shall be at Lahore or at any other place as the Federal Government may, by notification in the official Gazette, specify. (5) The Authority may establish regional offices at such other places and in such numbers as the Board may, from time to time, deem fit.

Effective date: 2002-01-01

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