OVERSEAS PAK CREDIT AND INVESTMENT CORPORATION (PVT.) LTD. versus GOVERNOR STATE BANK OF PAKISTAN
Ordinance of Banking Companies 1962 Section 27 Limited Liability Company Meaning and Sovereignty Limited Liability Liability for Transaction of the Banking Business Company is a separate legal entity separate from the directors, shareholders and firms established by such shareholders / directors. Under which money is being collected. Investment made by the public and the company will fall under the purview of banking and will be subject to the provisions of section 27 of the Banking Companies Ordinance, 1962, thus banning the business of such company. Will be done
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