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Second Schedule, Part 1, CL102E and Section 23 of Moderba Companies and Moderba (Flotation and Control) Ordinance (XXXI of 1980) Sections 14, 15 and 37 of Modaraba Companies and Moderba Rules, 1981, R9 and 18 Banking Companies Ordinance (LVII of 1962) Sections 91A and 35 of the State Bank of Pakistan Act (XXXIII of 1956), Section 46B and 54A of the State Bank of Pakistan Circular No. 13, 1984 CBR Circular Letter No. IT JI 1 (22) / 81 26 5 1988 CBR Circular Letter C No 4 () 78) TPI / 90 dated 11 7 1991 CBR circular number 24 dated 30 1992 1992 NBFI circular number 1 dated 5 12 1991 exemption Modarababa exemption claim Deprecated on the basis What was the interest that assists keeping the additional funds. The bank collects and receives loan provisions as expenditures that were unacceptable. By returning such additions, the distribution of profits reduces the distribution of profits by 90% because it is for profit in the books. The wrong thing was done by receiving the provisions. Exemption from bad loans will be granted on the basis of the accounts required under Modaraba Companies and Modarba (Flotation and Control) Ordinance, 1980 under Part 1 KCL 102E of the 1979 Schedule II of the Income Tax Ordinance, over which Interest was earned when funds were kept. In the current banking system, what is being acknowledged was not suitable for obtaining markup, as keeping the outstanding amount in bank reserves was not a disadvantage of the Moderba Ordinance and the rules made thereunder. Submission of excess funds was in accordance with Moderba's rules and the religious board acting under the Moderba Companies Registrar and Moderba ordinances had no objection. law firms from Mingora lawyer