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.
