Section 19: Corporation not to be a banking company — Corporate Industrial Restructuring Corporation Ordinance, 2000

Expired / historical — retained for reference — 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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19. Corporation not to be a banking company. — Without prejudice to the provisions of section 32, the Corporation shall be deemed not to be engaged in the business of banking for purposes of the Banking Companies Ordinance, 1962 (LVII of 1962), or, as the case may be, the State Bank of Pakistan Act, 1956 (Act XXXII of 1956).

Effective date: 2000-01-01

Related sections

Section 18: Business which the Corporation can transact Section 20: Financial Institutions to which the provisions of this Ordinance shall apply Section 17: Indemnity of members, directors, officers or servants Section 21: Consideration for transfer of nonperforming assets Section 16: Employees of the Corporation to be public servants Section 22: Bonds issued by the Corporation

Version corporate-industrial-restructuring-corporation-ordinance-2000~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.