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Certain mortgages and charges to be void if not registered

(1) Every mortgage or charge created by a modaraba and being either :- a) a mortgage or charge for the purpose of securing any issue of Participation Term Certificate (PTC); or b) a mortgage or charge on any immovable property wherever situate or any interest therein ; or c) a mortgage or charge on any book debts of the modaraba; or d) ...


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