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ACT NO. XXIV OF 2011

BANK (NATIONALIZATION) (AMENDMENT) 
ACT, 2011

An Act further to amend the Banks (Nationalization) Act, 1974

[Gazette of Pakistan, Extraordinary, Part-I, 20th December, 2011]

No. F. 22(38)/2010-Legis.—The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on the 15th December, 2011, and is hereby published for general information:—

WHEREAS it is expedient further to amend the Banks (Nationalization) Act, 1974 (XIX of 1974), for the purposes hereinafter appearing;

It is hereby enacted as follows:—

1.  Short title, and commencement.—(1) This Act may be called the Banks (Nationalization) (Amendment) Act, 2011.

(2)  It shall come into force at once.

2.  Amendment of Section 11-A, Act XIX of 1974.—In the Banks (Nationalization) Act, 1974 (XIX of 1974), in Section 11-A, clauses (i), (ii) and (iv) shall be omitted.