The Undesirable Companies (Second) Ordinance, 1958 (East Pakistan Ordinance)

( Ordinance NO. XLIX OF 1958 )

[ 21st July, 1958 ]
1♣ WHEREAS by a Proclamation dated the 25th June, 1958 under Article 193 of the Constitution of the Islamic Republic of Pakistan, the President has assumed to himself all the powers vested in, or exercisable by, the Governor of East Pakistan;

 
 
 
AND WHEREAS the President has, in pursuance of sub-clause (i) of clause (c) of the said Proclamation, been pleased to direct by notification No. 22/11/58-Poll. (I), dated the 4th July, 1958 published in the Extraordinary Gazette of Pakistan, dated the 4th July, 1958 that the power vested in, or exercisable by, the Governor under the Constitution shall be exercisable by the Governor;
 
 
 
 
AND WHEREAS it is expedient to prohibit the registration of companies for carrying on business in East Pakistan for certain undesirable purposes and for the winding up and dissolution of such companies;
 
 
 
 
AND WHEREAS the National Assembly is not in session and the Governor is satisfied that circumstances exist which render it necessary for him to take immediate action;
 
 
 
 
NOW, THEREFORE, in exercise of the powers conferred by Article 102 of the Constitution of the Islamic Republic of Pakistan and of all other powers enabling him in that behalf, the Governor is pleased to make and promulgate the following Ordinance, namely:-
 
 
 

CONTENTS

SECTIONS

1. Short title, extent and commencement

2. Definitions

3. Registration of undesirable companies prohibited

4. Existing undesirable companies to cease functioning

5. Deposit of cash and preservation of assets, etc.

6. Statement of assets, etc., to be submitted to Registrar

7. Winding up of undesirable companies

8. Dissolution of undesirable companies

9. Power to call for certain information, etc.

10. Offences to be cognizable and non-bailable

11. Cognizance by Court with consent of Registrar

12. Summary trial

13. Power to make rules

14. [Repealed]