STATE BANK OF PAKISTAN versus MESSRS EAST & WEST THINKERS ASSOCIATES (REGD.)
Section 27A & 83 (1D) of the Banking Companies Ordinance 1962 [as amended by the Banking Companies (Amendment) Ordinance (XI Amendment of 1988) Constitution of Pakistan (1973), Article 12 Advertising, through advertisements made by the accused. The defense provided is supported. To them, they did not invite money reserves, but in fact sought contributions. iii. The invitation to invest as active or sleeping partners for the business cannot be equated with the invitation for deposits of money added by the Companies Companies (Amendment) Ordinance 1988. , Who termed the act of culpability as punishable when it could not be punished when it was committed, when it could not be charged, in violation of Article 12 of the Constitution of Pakistan 1973, so it Did not violate the provisions of Section 27A. The ordinance of the banking companies, as it stood before the amendment in 1962, is when the alleged crime was committed, the accused was acquitted.
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