Section 8: Penalties. If the Manager of a Bank: — Pakistan Banking (Prevention of Default and Evasion of labilities) Ordinance, 1947

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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8. Penalties. If the Manager of a Bank: (a) fails to comply with an order to furnish a statement under Section 4 or if he furnishes a statement which he knows to be false in any material particular; or (b) refuses to allow, or fails to afford, reasonable facilities to an Officer authorised under Section 4; or (c) having been served with or having knowledge or information of an order under Section 5 conceals, removes or allows to be removed out of 1* * * Pakistan in contravention of that order anything held in deposit or safe custody; or (d) fails to make payment or effect delivery by the specified date in compliance with an order issued under Section 6 ; he shall be punishable with imprisonment which may extend to three years or with fine or with both.

Effective date: 1947-01-01

Related sections

Section 7: Service of Orders under Section 4, 5 or 6. An order under Sections 4, 5 or 6 may be served Section 9: Withdrawal or amendment of orders under Sections 5 and 6. On sufficient cause being Section 6: Seizure of assets Section 10: Bar of legal proceedings. No suit, prosecution or other legal proceedings shall lie against Section 5: Order to prohibit removal of assets outside Pakistan. While ordering a Bank to furnish a Section 11: Powers to make rules. The 2[Federal Government] may make rules for the purpose of

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