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Circumstances in which modaraba may be wound up by the Tribunal

(1) A modaraba shall be wound up by the Tribunal on an application made by the Registrar if- (i) in the case of a modaraba for a fixed period on the expiry of that period or, in the case of a modaraba for a specific purpose on the accomplishment of its purpose, the declaration referred to in section 22 has not been filed with the Registrar...

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