EQUITY PARTICIPATION FUND (REPEAL)
ACT, 2016
An Act to repeal the Equity Participation Fund Ordinance, 1970
[Gazette of Pakistan, Extraordinary, Part-I, 10th May, 2016]
ACT NO. XXI OF 2016
No. F. 9(4)/2016-Legis., dated 9.5.2016.–The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on the 4th May, 2016 and is hereby published for general information:–
WHEREAS it is expedient to repeal the Equity Participation Fund Ordinance, 1970 (I of 1970) for the purpose hereinafter appearing;
It is hereby enacted as follows:–
1. Short title and commencement.–(1) This Act may be called the Equity Participation Fund (Repeal) Act, 2016.
(2) It shall come into force at once.
2. Repeal.–(1) The Equity Participation Fund Ordinance, 1970 (I of 1970) is hereby repealed.
2. If any difficulty arises in giving effect to any of the provisions of this Act, the Federal Government may, within one year of the commencement of this Act, by notification in the Official Gazette make such order, not in consistent with the provisions of the Act being repealed under sub-section (1), as may appear to it to be necessary for it purpose of removing the difficulty.
