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MODARABA COMPANIES AND MODARABAS
(FLOATATION AND CONTROL)
RULES, 1981
S.R.O. 83/(I) 81, dated 26th January, 1981 (Gaz., Pak., Extra, Pt. II, 26-1-81).
1.Short title and commencement.
2. Definitions.
3. Registrar.
4. Registration of Modaraba Company.
5. Tribunal.
6. Religious Board.
7. Capital of company also engaged in other business.
8. Account and audit.
9. Submission of annual report by modaraba Company.
10. Submission of periodical reports.
11. Annual balance-Sheet.
12. Authentication of balance-Sheet.
13. Access to minutes of proceedings of general meetings of modaraba company and of its directors.
14. Information about the pattern of holding of certificates by subscribes.
15. Liability where proper accounts not kept.
16. Expenses to be reimbursed to modaraba company, etc.
17. Capitalisation of profits.
18. Distribution of profit and reserves.
19. Appointment and removal of auditor.
20. Prospectus.
20-A. Power to increase modaraba Fund.
20-B. Further issue of Modaraba Certificates.
21. Invalidity of certain conditions as to waiver of notice.
22. Register of certificates holders.
23. Annual list of Certificates-holders and summary.
24. Inspection of register of certificates holders.
25. Power to close register
.
26. Return as to allotment.
27. Certain mortgages and charges to be void if not registered.
28. Registration of charges on properties.
29. Prosecution of delinquent director of modaraba company.
30. Responsibility for fraudulent trading of persons concerned.
31. Loan or contribution to associated undertakings, etc.
32. Advisory Committee.
THE FIRST SCHEDULE.
THE SECOND SCHEDULE.
THE THIRD SCHEDULE.
THE FOURTH SCHEDULE.
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