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Case Law |
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PREAMBLE
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| 0 |
PREAMBLE
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PRELIMINARY
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| 1 |
Short Title and Date of Operation
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| 2 |
Definitions
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| 3 |
Application of Companies Ordinance, 1984
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| 4 |
General powers, functions and duties of State Bank
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| 5 |
This Act to override constituent documents, memorandum, articles etc
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| 6 |
Reports by State Bank to Federal Government
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| 7 |
Power of State Bank to specify form and manner of keeping or maintaining books, accounts and records
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| 8 |
Electronic filing of information, documents or returns
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| 9 |
Amendment of Schedules
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PART II
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LICENSING OF BANKS
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| 10 |
Prohibition to carry on banking business without license
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| 11 |
Provisions in relation to banking licenses
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| 12 |
Application for a banking license
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| 13 |
Requirement for supplemental information relating to an application made under section 12
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| 14 |
Approval or rejection of application
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| 15 |
Power to impose new restrictions or conditions and to vary or revoke restrictions or conditions imposed on license
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| 16 |
Cancellation of license
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| 17 |
Publication of list of banks
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| 18 |
Annual license fees
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PART III
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BUSINESS OF BANKS
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| 19 |
Forms of business which banks may engage in
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| 20 |
Prohibition of the words “bank”, “banking”, “banker”, “Islamic bank”, or any of their derivatives
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| 21 |
Changes in memorandum and articles of banks
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| 22 |
Restrictions on carrying on of trade
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| 23 |
Advertisement for deposits
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| 24 |
Unsolicited calls
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| 25 |
Fraudulent inducement in relation to deposits No person shall
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| 26 |
Co-operation and co-ordination between State Bank and Securities and Exchange Commission of Pakistan
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PART IV
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PROVISIONS IN RELATION TO BANKS CARRYING ON BUSINESS BASED ON SHARIAH PRINCIPLES
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| 27 |
Requirements for carrying on business that conforms to Shariah principles
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| 28 |
Report of Shariah adviser etc
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| 29 |
Shariah Board
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| 30 |
Relationship between a bank and its customers in relation to transactions or arrangements that are in conformity with Shariah principles
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| 31 |
Publication of a list of banks which carry on business in any of the ways described in subsection (1) of section 27
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| 32 |
Tax neutrality of transactions or arrangements which conform to the principles of Shariah
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PART V
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OWNERSHIP, CONTROL AND MANAGEMENT OF BANKS
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| 33 |
Prior approval of State Bank for acquisition of substantial interest in a bank
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| 34 |
Prior approval of State Bank for acquisition of qualifying holdings in a domestic bank
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| 35 |
Dis -application
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| 36 |
Regulations on maximum permissible holdings in domestic banks
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| 37 |
Power of State Bank in respect of contravention of section 33, section 34 and section 35 and any regulations made there-under
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| 38 |
Board of Directors and Audit Committee
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| 39 |
FIT AND PROPER CRITERIA
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| 40 |
Appointment, election and nomination of directors of domestic banks
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| 41 |
Appointment of chief executive of a bank
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| 42 |
Prohibition of common directors
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| 43 |
Removal of directors or chief executive
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| 44 |
Disclosure of Interests
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| 45 |
Prohibition of employment of managing agents and restrictions on certain forms of employment
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| 46 |
Liability of directors, chief executive and officers
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| 47 |
Prosecution of directors, chief executive and officers
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