In the national accountability ordinance, 1999 xviii of 1999, hereinafter referred to as the said ordinance, in section 18, in clause e, for the full stop at the end a colon shall be substituted and thereafter the following proviso shall be added, namely. It was established on 16 november 1999 and its sphere of operation has been expanded and extended since. Nab mcqs competitive examinations helping community. The national accountability bureau is an autonomous and constitutionally established federal. Now the sindh assembly led by pakistan peoples party has. The national land ordinance 1989 in force under the australian capital territory selfgovernment act 1988 as shown in this compilation comprise ordinance 1989 no. Ltgen syed mohammad amjad was the first chairman of the bureau. An ordinance to provide for the setting up of a national accountability bureau so as to eradicate corruption and corrupt practices and hold. The commencement of sections 87a and 12 is scheduled to take place in february 2000.
Part 2 acts of the parliament of new south wales in force in the territory. Merger is defined as one or more pts merging into an existing pt surviving pt. Statewide accountability systems supporting low performing schools overview of proposed consolidated state plan and data reporting regulations. The building societies merger notification statement.
A transfer of cases the chairman may apply that a case be transferred to the accountability court. In the meantime, the ird advised that taxpayers contemplating courtfree amalgamations could apply for an advance tax ruling. This ordinance may be called the national accountability bureau ordinance, 1999 no xviii of 1999. The national accountability bureau nab has asked bhutto to also submit records of the zardari group from 2008 to 2019 and a list. Findings from various studies highlight the importance of political economy analysis in recipient and donor countries to understand how accountability relationships play out in practice and to find pragmatic countrylevel solutions. New companies ordinance briefing notes on part 1 preliminary introduction part 1 of the new companies ordinance new co is an introductory part that sets out the title of the new co, its commencement, the interpretation and definitions of various terms and expressions that are used. Legislation ordinances of the government regulatory. This ordinance shall come into force at once and shall be deemed to have come into force from the 1st day of january 1985. It granted amnesty to politicians, political workers and bureaucrats who were accused of corruption, embezzlement, money laundering, murder, and between 1 january 1986, and 12 october. The national accountability amendment ordinance, 2010.
Rs400m spent on cases against zardari pakistan dawn. National accountability ordinance 1999 nab ordinance national accountability ordinance which is also known as nab was promulgated by the president in 1999. Until 1999 and prior to the formation of the nab, the fia was the primary. This ordinance may be called the national accountability bureau ordinance, 1999 no. National city corporation order approving the acquisition. The national accountability bureau nab has asked bhutto to also submit records of the zardari group from 2008 to 2019 and a list of the board of directors, the geo news reported.
Banking amendment ordinance 1999 guidelines on sections 87a and 12 since the banking amendment ordinance 1999 was passed in july 1999, the majority of the provisions except those in relation to sections 60a, 87a and 12 have commenced operation. This pn also contains in appendix 5 a guide to the relevant provisions for the auditor in the. The department of justice has informed the board that a bank merger or acquisition generally will not be challenged in the absence of other factors indicating anticompetitive effects unless the postmerger hhi is at least 1800 and the merger increases the hhi by more than 200 points. D lowr patricia williams, clerk city of bloomington synopsis this ordinance authorizes and directs the city of bloomington utilities service board to execute. Feb 21, 2014 the commercial banking company of sydney limited merger ordinance 1982. National city corporation order approving the acquisition of. The governor will then present the draft to parliament for approval. Ordinance to provide for the setting up of a national accountability bureau so as to eradicate corruption and corrupt practices and hold. Ordinance of the government of the slovak republic no. National accountability ordinance 1999 law test preparation mcqs. Pdf nab and corruption in business in pakistan ayesha majid. The commercial bank of australia limited merger ordinance 1982. The national accountability ordinance of 1999 was meant to be a check against the corruption of politicians and the government officials. Clarification in the ordinance of the directors duty of care, skill and diligence section 465.
Justice r javed iqbal is the present chairman of nab. Proceeds ordinance, the organized and serious crimes ordinance and the united nations antiterrorism measures ordinance for the purpose of combating money laundering and terrorism. Corruption and the role of the national accountability. A community forum, providing help to the candidates appearing for competitive examinations. Important nab mcqs competitive examinations helping community.
All assets and liabilities, including business operations and financial losses, transfer to the surviving pt by operation of law upon completion of the merger, and the merging pts are dissolved without liquidation. The department of justice has informed the board that a bank merger or acquisition generally will not be challenged in the absence of other factors indicating anticompetitive effects unless the post merger hhi is at least 1800 and the merger increases the hhi by more than 200 points. However, the legislation itself is the sole authority of the law and this pn should be used in conjunction with the legislation. National ordinances laws a law is called a national ordinance in aruba. It is headed by justice r javed iqbal as its chairman.
The swiss national bank snb is planning to revise the implementing provisions in the national bank ordinance nbo relating to the oversight of systemically important financial market infrastructures payment systems, central securities depositories and. Bill exempting sindh govt from national accountability. Ordinance which were effective as at 31 october 2004. The national accountability bureau nab has spent over rs400 million to investigate and pursue cases against ppp cochairman asif ali zardari during the past 16 years. The national accountability bureau ordinance,1999 josh and. Ordinance nao, a legal framework under which the national accountability bureau nab has been operating since november 1999. Mutual arrangement, within the meaning of article 381 of. The case of the national accountability bureau, pakistan joaag. As per section 31c of the national accountability ordinance, 1999 no court established under this ordinance shall take cognizance of an offence against an officer or an employee of a bank or financial institution for writing off, waiving, restructuring or refinancing any financial facility, interest or markup without prior approval of the a. Imperial acts substituted provisions ordinance 1986, schedule 2, part 21. A national ordinance is a decree that contains generally binding regulations, taken jointly by the government and parliament, by a procedure as described in the constitution of aruba. The ordinance as amended up to 31st may, 1997 the banking companies ordinance, 1962 lvii of 1962 contents part i preliminary sections. The chairman, nab has authority to file a reference. National anticorruption strategy nacs was formulated in.
In fact the magical number of 80% return does not even exist. Accountability courts are established under the nab ordinance and deal with. The bank may also be assigned responsibility by national ordinance for. Reconstructed ordinance of the government of the sr no. Prepared by national accountability bureau, pakistan. Merger longform merger completed acquisition completed 8 weeks 50% vote of all shareholders shortform merger acquisition completed 512 weeks tender offer share exchange offer partcash than 50 90% filing of certificate of merger longform merger. Limited application of ordinance to cooperative banks omitted 2 3a. National accountability ordinance xviii of 1999 as modified as on 26032010 contents 1 title, short title 2 co menc t. Home judiciary and law national accountability ordinance 1999 31. Pakistans national accountability ordinance and the facilitation of. Section 25a, of the national accountability ordinance, 1999 deals with discharge of the accused by. The bank may act as the banker of a country and as such, is required to account to the minister of the country concerned and to the general audit chamber of the country concerned. Questions raised by the institute under the specific private merger.
Briefing notes on part 1 of the new companies ordinance. Purpose of this ordinance is to provide for effective measures for the detection, investigation, prosecution and speedy disposal of cases involving corruption, corrupt practices, misuse of power, misappropriation of. Purpose of this ordinance is to provide for effective measures for the detection, investigation, prosecution and speedy disposal of cases involving corruption, corrupt practices, misuse of power, misappropriation of property, taking of. Whereas it is expedient further to amend the national accountability ordinance, 1999 xviii of 1999, for the purpose hereinafter appearing. With a national ordinance initiated by the government, the governor will present the draft to the council of advice. The asian development bank and the organisation for economic cooperation and development do not guarantee the accuracy of this document and accept no responsibility whatsoever for any consequences of. Pdf this report examines the accountability mechanisms of four countries. Federal register formations of, acquisitions by, and. Anational accountability bureau nab, one of the agencies ensuring. Part 1 of the new companies ordinance new co is an introductory part that sets out the title of the new co, its commencement, the interpretation and definitions of various terms and expressions that are used throughout the new co, including responsible person, subsidiary, parent. The ordinance aimed at promoting national reconciliation, fostering mutual trust and confidence amongst holders of public office and removing the vestiges of political vendetta and victimization, and to make the election process more transparent.
The chairman is the head of investigation, and serves a fouryear term. This paper analyses the national accountability bureau nab, the prime investigation and. Notwithstanding anything to the contrary in subsection 1, the federal. Ownership and accountability a summary of recommendations and terrain for debate the present document is the abridged version of the synthesis of key findings and cluster a messages for the working party on aid effectiveness and high level forum 4 built upon research. The asian development bank and the organisation for economic cooperation and development do not guarantee the accuracy of this document and accept no responsibility whatsoever for any consequences of its use. The specific questions raised and the reply given by the ird was summarized below. Nov 01, 2014 national accountability ordinance 1999 nab ordinance national accountability ordinance which is also known as nab was promulgated by the president in 1999.
It is pertinent to note that final approval of plea bargains accorded by accountability courts after affording an. Bill exempting sindh govt from national accountability laws. An ordinance further to amend the national accountability ordinance, 1999. These regulations prescribe the information to be sent to members of a building society where the building societies commission has directed the society, under section 42b of the building societies act 1986, to resolve to transfer the engagements of the society to one or more other societies by resolution of the board of directors of the society rather than by resolution of its members. National accountability ordinance 1999 pdf free download. This ordinance shall have effect notwithstanding anything contained in. It should be borne in mind that certain expressions used in. Explanatory memorandum to the national ordinance publication. This also means recognising that accountability is a political as well as a technocratic process. Search, browse and learn about the federal register. The following ordinance promulgated by the president is hereby published for general information. The commercial banking company of sydney limited merger ordinance 1982.
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