DOCSLIB.ORG

SINDH ACT NO.XII of 1995 the SINDH BANK ACT, 1995 CONTENTS Preamble Section. 1. Short Title Extent and Commencement. 2. Over-R

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
SINDH ACT NO.XII of 1995 the SINDH BANK ACT, 1995 CONTENTS Preamble Section. 1. Short Title Extent and Commencement. 2. Over-R SINDH ACT NO.XII OF 1995 THE SINDH BANK ACT, 1995 CONTENTS Preamble Section. 1. Short title extent and commencement. 2. Over-riding clause. 3. Definition. 4. Establishment and incorporation of the Bank. 5. Share capital. 6. Register of Shareholders. 7. Qualifications of share-holders. 8. Government to be share-holders. 9. Head Office of the Bank. 10. Board. 11. Constitution of the Board. 12. Managing Director. 13. Chairman. 14. Qualification and disqualifications of Directors. 15. Vacancies. 16. Annual General and Special Meetings. 17. Vote of Shareholder. 18. Business which the Bank is authorized to transact. 19. Business which the Bank is not authorized to transact. 20. Exceptions. 21. Auditors. 22. Other Auditors. 23. Rights and Duties of Auditors. 24. Powers and Duties of the Board. 25. Powers of the Board to make bye laws. 26. Liquidation of the Bank. 27. Indemnity. SINDH ACT NO.XII OF 1995 THE SINDH BANK ACT, 1995 [30TH October,1995] An Act to establish a Bank for providing all type of commercial banking and investment banking services in the Province of Sindh. WHEREAS it is expedient to establish a Bank for Preamble. providing all types of commercial banking and investment banking services in the Province of Sindh; It is hereby enacted as follows:- 1. (1) This Act may be called the Sindh Bank Act, 1995. Short title extent (2) It extends to the whole of the Sindh Province. and commencement. (3) It shall come into force at once. 2. This Act shall have effect notwithstanding anything Over-riding contained in any other law for the time being in force. Clause. 3. In this Act, unless there is anything repugnant in the Definition. subject or context- (a) “Bank” means the Sindh Bank established under this Act; (b) “Board” means the Board of Directors of the Bank; (c) “Director” means a Director for the time being of the Board; (d) “dividend” includes bonus; (e) “General meeting” means the annual meeting of the shareholders of the Bank; (f) “Goods” includes bullion, ware and merchandise; (g) “Government” means the Government of Sindh; (h) “Managing Director” means the Managing Director of the Bank; (i) “meeting” includes holding of an adjourned meeting; (j) “prescribed” means prescribed by bye-laws or regulations made under this Act; (k) “Private Sector” means any person(s) or entity(ies) nominated by a company with whom Government researches an understanding for cooperation to participate in the establishment and operation of the Bank; (l) “Proxy” means an instrument in writing where by a member authorizes another person to vote for him at a meeting or meetings and includes attorney duly constituted under a power of attorney; SINDH ACT NO.XII OF 1995 THE SINDH BANK ACT, 1995 (m) “Resolution” means any decision taken by a majority vote in a meeting of the Board or a meeting of the shareholders; (n) “Seal” means the common or official seal of the Bank and shall include those official seals of the Bank which are for use in territories outside Pakistan; (o) “special meeting” means a meeting of the share- holders of the Bank convened for transacting some particular business specified in the notice convening the meeting; (p) “Special resolution” means resolution passed by majority vote at a special meeting; 4. (1) As soon as may be after the commencement of this Act, Establishment and there shall be established in accordance with the provisions of incorporation of this Act a Bank to be called the Sindh Bank to carry on the the Bank. business of commercial and investment banking. (2) The Bank shall be deemed to be a body corporate having perpetual succession and a common seal and shall by the said name sue and be sued. 5. (1) Subject to the provisions of this Act, the authorized capital Share Capital. of the Bank shall be two and half billion rupees divided into two hundred and fifty million ordinary shares of ten rupees each. (2) The Initial paid up capital of the Bank shall be two hundred and fifty million rupees which shall be subscribed to the extent of fifty five percent by Government, and the remaining forty five percent shall be subscribed by the private sector. (3) Out of the said authorized capital there shall, from time to time, be issued such number of shares and on such terms, if any, including the terms of the brokerage and underwriting, as the Board may decide. (4) The liability of the shareholders of the Bank shall be limited to the amount fully paid up on their shares. (5) The shareholders, representing atleast seventy-five percent of the Banks equity/paid up capital, may, by special resolution, increase or reduce the capital of the Bank. (6) The shares of the Bank shall be moveable property and each share shall be distinguished by its appropriate number. SINDH ACT NO.XII OF 1995 THE SINDH BANK ACT, 1995 6. The Bank maintain at its Head Office established under Register of section 9, a Register to be called the register of the Shareholders. Shareholders of the Bank, and shall enter therein such particulars as may be prescribed. 7. (1) No person shall be qualified to be registered as a Qualifications of shareholder who by reason of anything contained in any law share-holders. for the time being in force is not competent to enter into any contract. (2) A person who subsequent to his registration, is discovered to have been not qualified as aforesaid at the time of registration shall not be entitled to exercise any of the rights of a shareholder otherwise than for the purpose of the sale of his shares under the orders of a competent Court. (3) The Shares shall be registered in the name of individuals, companies, corporate bodies and Government or its agencies, provided that not more than four persons shall be registered as joint holders of any shares. (4) In the event of death of any one or more of the persons named in the Register a joint holders of any share, the survivor or survivors shall be the only person or person recognized by the Bank as having any title to or interest in such share and where the deceased it a sole shareholder, his nominee or nominees and the legal heirs (where no such nomination was made) shall be the only persons recognized by the Bank as having any title to his interest in the shares. 8. (a) Notwithstanding anything contained in section l7, Government to be Government shall be a major shareholder in the Bank but at share-holders. any one time it shall not hold more than fifty five percent of the paid up capital of the Bank. (b) Subject to approval of the Board, Government and the private sector shall be free to disinvest any part of their share- holding in the Bank. 9. The Head Office of the Bank shall be at Karachi. Head Office of the Bank. 10. (1) The Bank shall work under the overall supervision and Board. direction of the Board which shall make such policies as it considers proper from time to time in the best interest of the Bank. SINDH ACT NO.XII OF 1995 THE SINDH BANK ACT, 1995 (2) The Board shall be fully empowered to engage personnel, experts, advisors, management consultants, for providing such professional services for the functioning of the Bank and on such terms and conditions as may be considered necessary by the Board from time to time. 11. (1) The Board shall consist of seven Directors who shall be Constitution of the nominated and elected in proportion to the shareholding of Board. Government and private sector. (2) Notwithstanding the provisions of sub-section (1), the Board shall initially, comprise of five Directors out of whom Three Directors will be from Government and two Directors from private sector. (3) The remaining two Directors to make up a total of seven will be appointed after the Bank in the opinion of the Board becomes operational in a way that the total number of Directors should be in proportion to the shareholding of Government and private sector. (4) The first Directors, shall continue in office for a period of three years and shall be eligible for re-nomination or re- election, as the case may be. (5) The Board shall have the powers to further increase the number of “Directors to serve at any one time on the Board. 12. (1) The Managing Director shall be a professional and Managing experienced banker who shall be always appointed / Director. removed on the recommendation of the Directors representing private sector on such terms and conditions as may be approved by the Board. (2) The Managing Director shall be the Chief Executive Officer of the Bank and shall have full authority to direct, operate, supervise and control the affairs of the Bank on behalf of the Board. (3) The salary and the terms and conditions of the service of the Managing Director shall be decided by the Board and the same shall not be varied to his disadvantage during his tenure of office. (4) The Managing Director shall, unless removed earlier, on SINDH ACT NO.XII OF 1995 THE SINDH BANK ACT, 1995 the expiry of his term of office, be eligible for reappointment on such terms and conditions as may be decided by the Board. 13. (1) The Chairman of the Board shall be elected from Chairman. amongst the Directors nominated by Government on such terms and conditions as may be determined by the Board. (2) The Chairman shall not exercise any executive powers but he shall have a casting vote.
Load more

Recommended publications
  • FSR-2019-Complete.Pdf
    Table of Contents Governor’s Message .................................................................................................................................................. i Acknowledgements .................................................................................................................................................. ii FSR Team ................................................................................................................................................................. iii Data Convention and Coverage ............................................................................................................................ iv The Overview ............................................................................................................................................................ 1 Box 1: COVID-19 Pandemic and the Policy Response ........................................................................ 7 Box 2: SBP’s Systemic Risk Survey-5th Wave (January 2020) ........................................................... 16 Box 3: SBP’s Initiatives to Strengthen Stability of the Financial Sector ........................................... 18 Chapter 1: Global and Domestic Macrofinancial Environment ..................................................................... 25 Chapter 2: Financial Markets’ Behavior .............................................................................................................. 34 Section A: Performance and Risk Analysis of Banking Sector
    [Show full text]
  • Bahria Town Online Statement
    Bahria Town Online Statement Setting Marcus lie-down libidinously while Parnell always regales his ohmmeters sunks point-device, he refects so snarlingly. Knickered Gavin unseam expectantly and lenticularly, she indoctrinating her perspicuities copulating licentiously. Is Chrisy courtlier or demonologic after gainful Armond barrage so sedentarily? 109 MARLA HOUSE type SALE IN PRECINCT 1 BAHRIA TOWN KARACHI. Account Regular Asaan Allied Aitebar Waseela e Hajj Umrah Account. DHA Homes are designed to match your style and taste. TMA declares Bahria Town Lahore sectors illegal Voice of. Basic Cable slack must for selected service. These rates are gathered from different authentic sources. We are accepting instalments and transcript fee for Bahria Town Pvt Ltd projects Payments can participate made for revenge following projects at pool of ever more than 600. VIII Shah Latifabad, Hyderabad. Help us improve OLX! Darya Khan Road, Kotla Jam, District Bhakar. Gulistan colony II, Millat Road. These can be floral or of a neutral color. Exquisitely detailed in bahria town lahore we would be taking timely payment? Lahore a Guide me Getting Around in white City Uber. Find Cars, Mobile Phones and more. His authorized dealer of various phases and designs that you can always upheld truthfulness and support good works and looking to keep indeed and bustle of. Labs group head bakaini tehsil kot lakhpath, organise it landscape artistry! Method in madness missing? What your choice best opportunity to mention that the statement. For bahria town lahore developments bring back to online payments should be easily avoid getting computerized balloting. So avoid getting the statement, social sciences residents are located in this style overrides in one or charity.
    [Show full text]
  • IBFT- Account Number Formats
    IBFT- Account Number Formats Allied Bank Please enter Allied Bank Account Number by following the layout below: Total Digits of Account Number: 13 or 20 Digits Format Example: BBBBAAAAAAAAA or BBBBAAAAAAAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAA = 9 Digit Account Number, AAAAAAAAAAAAAAAA = 16 Digit Account Number Apna Microfinance Bank Please enter Apna Microfinance Bank Account Number by following the layout below: Total Digits of Account Number: 16 Digits Format Example: BBBBAAAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAA = 12 Digits Askari Bank Please enter Askari Bank Account Number by following the layout below: Total Digits of Bank Account Number: 14 Digits Format Example: BBBB = 4 Digit Branch Code, AAAAAAAAAA = 10 Digit Account Number Branchless Banking Account # Always consist of 11 digits Mobile Number. Al-Baraka Please enter Bank Al-Baraka total digits of account Number: Total Digits of Account Number: 13 Digits Bank Alfalah Please enter Bank Alfalah Account Number by following the layout below: Conventional A/C#: Total Digits of Account Number: 14 Format Example: BBBBAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAAA = 10 Digit Account Number Islamic A/C#: Total Digits of Account Number: 18 Digit Format Example: BBBBAAAAAAAAAAAAAA BBBB = 4 Digit Branch Code, AAAAAAAAAAAAAA = 14 Digit Account Number Branchless Banking Account # : Always consist of 11 digits Mobile Number. Bank Al-Habib Please enter Bank Al-Habib Account Number by following the layout below: Total Digits of Account Number: 17 Digit Format
    [Show full text]
  • Sindh Bank.Pdf
    Name of Committe Number of meetings • Risk Management Committee 3 • Human Resource Committee 2 • Information Technology Committee - • Audit Committee 4 35 36 Sindh Bank Limited Sindh Bank Limited Statement of Financial Position Profit and Loss Account As at December 31, 2013 For the year ended December 31, 2013 2013 2012 2013 2012 Note (Rupees in '000) Restated Note (Rupees in '000) ASSETS 2013 2012 Mark-up / Return / Profit / Interest earned 21 6,329,381 6,141,198 Note (Rupees in '000) Mark-up / Return / Profit / Interest expensed 22 4,071,643 4,102,783 Cash and balances with treasury banks 6 3,518,863 2,430,525 Net mark-up / profit / interest income 2,257,738 2,038,415 Balances with other banks 7 190,823 424,573 Lendings to financial institutions 8 4,036,358 4,619,591 Provision against non-performing loans and advances 10.3 - - Investments - net 9 36,785,844 62,631,024 Provision for diminution in the value of investments 9.3 17,292 1,069 Advances 10 26,564,842 19,281,888 Bad debts written off directly - - Operating fixed assets 11 1,766,303 1,556,804 17,292 1,069 Deferred tax assets - - Net mark-up / profit / interest income after provisions 2,240,446 2,037,346 Other assets 12 2,169,421 1,346,693 75,032,454 92,291,098 Non mark-up / interest income LIABILITIES Fee, commission and brokerage income 162,594 98,820 Dividend income 179,639 124,667 Bills payable 13 362,522 176,125 Income from dealing in foreign currencies 43,761 44,353 Borrowings 14 16,758,368 48,602,402 Gain on sale of securities - net 23 470,873 257,500 Deposits and other
    [Show full text]
  • Snapshot of Results of Banks in Pakistan Snapshot of Results of Banks in Pakistan Six Months Period Ended 30 June 2016
    KPMG Taseer Hadi & Co. Chartered Accountants Snapshot of results of Banks in Pakistan Snapshot of results of banks in Pakistan Six months period ended 30 June 2016 This snapshot has been prepared by KPMG Taseer Hadi & Co. and summarizes the performance of selected banks in Pakistan for the 6 months period ended 30 June 2016. The information contained in this snapshot has been obtained from the published consolidated financial statements of the banks and where consolidated financial statements were not available, standalone financials have been used. Reference should be made to the published financial statements of the banks to enhance the understanding of ratios and analysis of performance of a particular bank. We have tried to provide relevant financial analysis of the banks which we thought would be useful for benchmarking and comparison. However, we welcome any comments, which would facilitate in improving the contents of this document. The comments may be sent on [email protected] Dated: 23 September 2016 Karachi © 2016 KPMG Taseer Hadi & Co., a Partnership firm registered in Pakistan and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. 2 Document Classification: KPMG Public HBL NBP UBL MCB ABL BAF 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 2016 2015 Ranking By total assets 1 1 2 2 3 3 4 4 5 5 6 6 By net assets 1 1 2 2 3 3 4 4 5 5 7 7 By profit before tax 1 1 4 4 2 3 3 2 5 5 7 8 Profit before tax * 28,298
    [Show full text]
  • Sindh Bank Quarterly Report March-2021.FH10
    Contents Vision and Mission Statements ...............................................................................02 Corporate Information............................................................................................. 03 Directors Report (English).......................................................................................04 Directors Report (Urdu)...........................................................................................08 Unconsolidated Condensed Interim Statement of Financial Position......................14 Unconsolidated Condensed Interim Profit and Loss Account..................................15 Unconsolidated Condensed Interim Statement of Comprehensive Income............16 Unconsolidated Condensed Interim Statement of Changes in Equity.................... 17 Unconsolidated Condensed Interim Cash Flow Statement.................................... 18 Notes to the Unconsolidated Condensed Interim Financial Statements ............... 19 Consolidated Condensed Interim Statement of Financial Position..........................48 Consolidated Condensed Interim Profit and Loss Account .....................................49 Consolidated Condensed Interim Statement of Comprehensive Income................50 Consolidated Condensed Interim Statement of Changes in Equity........................ 51 Consolidated Condensed Interim Cash Flow Statement........................................ 52 Notes to the Consolidated Condensed Interim Financial Statements.................... 53 Branch Network.......................................................................................................79
    [Show full text]
  • IBFT Guideline
    MCB Bank Limited IBFT- Guidelines 1. Al Baraka Bank (Pakistan) Limited Please enter Bank Al-Baraka total digits of account Number: Total Digits of Account Number: 13 Digits Format Example: AAAAAAAAAAAAA Note: A = Account Number 2. Allied Bank Limited Please enter Allied Bank Account Number by following the layout below: Total Digits of Account Number: 13 or 20 Digits Format Example: BBBBAAAAAAAAA or BBBBAAAAAAAAAAAAAAAA Note: B = Branch Code, A = Account Number 3. APNA Microfinance Bank Please enter APNA Microfinance Bank Account Number by following the layout below: Total Digits of Account Number: 16 Digits Format Example: BBBBAAAAAAAAAAAA Note: B = Branch Code, A = Account Number 4. Askari Bank Limited Please enter Askari Bank Account Number by following the layout below: For Branch Banking: Total Digits of Bank Account Number: 14 Digits Format Example: BBBBAAAAAAAAAA Note: B = Branch Code, A = Account Number For Branchless Banking: Total Digits of Bank Account Number: 11 Digits Format Example: 03XXXXXXXXX 5. Bank Al-Habib Limited Please enter Bank Al-Habib Account Number by following the layout below: Total Digits of Account Number: 17 Digits Format Example: BBBBTTTTBBBBBBRRC Note: B = Branch Code, A = Account Number, T = Account Type, BBBB= Base Number, RR = Digit Running Number, C = Check Digit 111 000 622 mcb.com.pk /MCBBankPk Over 1350 Branches & ATMs 6. Bank Al-Falah Limited Please enter Bank Al-Falah Account Number by following the layout below: For Conventional Banking: Total Digits of Account Number: 14 Digits Format Example: BBBBAAAAAAAAAA Note: B = Branch Code, A = Account Number For Islamic Banking: Total Digits of Account Number: 18 Digits Format Example: BBBBAAAAAAAAAAAAAA Note: B = Branch Code, A = Account Number For Branchless Banking: Total Digits of Account Number: 11 Digits Format Example: 03XXXXXXXXX 7.
    [Show full text]
  • Financial Statements Deposit and Other Accounts Micro Credits 18,317 9,072 (PKR in Million) (PKR in Million)
    EMBRACING THE ANNual SUSTAINABLE REPORT VALUE 2019 Head Office: www.facebook.com/ 23 - A, Sunderdas Road, Apnamicrofinancebank (Thandi Sarak) Zaman Park, Lahore. www.twitter.com Tel : +92 42-36362475-76 /amfbl UAN : +92 42 111-771-772 www.linkedin.com/ Email : [email protected] company/apna-microfinance- bank-limited www.apnabank.com.pk KEY PERFORMANCE INDICATORS Based on results of the Bank as presented in the Financial Statements Deposit and Other Accounts Micro Credits 18,317 9,072 (PKR in million) (PKR in million) Total Assets Total Equity 20,543 1,872 (PKR in million) (PKR in million) Mark-Up/Return/Interest Earned Profit Before Tax 2,900 89 (PKR in million) (PKR in million) Profit After Tax Earning Per Share 54 0.17 (PKR in million) Rupees Per Share TABLE OF ORGANIZATIONAL CHART CONTENTS About AMBL 03 Categories of Shareholders 43 Vision & Mission 04 List of CDC Beneficial Owners Holding Shares by Sponsors Directors 44 Core Values 05 Organizational Chart 06 List of CDC Beneficial Owners Holding Shares 10% and Above 44 Key Financial and Operational Data at a Glance 07 Major Loans Products 45 Achievements & Events 2019 08 Board Of Directors 12 FINANCIAL STATEMENTS Corporate Information 13 Corporate Meetings 14 Independent Auditors’ Report 47 Key Management 15 Balance Sheet 50 How We Performed 16 Profit and Loss Account 51 Chairman’s Review 18 Statement of Comprehensive Income 52 President / CEO’s Message 19 Cash Flow Statement 53 Directors’ Report to the Members 20 Statement of Changes in Equity 54 Directors’ Report (Urdu) 34 Notes to the Financial Statements 55 Mettings of the Board 35 Our Branches 82 Mettings of the Audit Committee 35 Notice for the Seventeenth 89 Statement of Compliance with listed Annual General Meeting companies the Code of Corporate 36 Governance Form of Proxy 91 Independent Auditor’s Review Report 38 Ethics and Business Practices 39 Pattern of Shareholding 42 About AMBL ABOUT AMBL Apna Microfinance Bank Limited is managed by group of highly experienced bankers.
    [Show full text]
  • List of Scheduled Banks
    Scheduled Banks S.No Banks Website Contact Info. Public Sector Commercial Banks 1 First Women Bank Ltd http://www.fwbl.com.pk/ 111-676-767 2 National Bank of Pakistan www.nbp.com.pk 111-627-627 3 Sindh Bank Limited https://sindhbank.com.pk/ 111-333-225 4 The Bank of Khyber https://www.bok.com.pk/ 111-95-95-95 5 The Bank of Punjab https://www.bop.com.pk/BoP 111-267-200 Specialized Banks 6 SME Bank Limited https://smebank.org/ 111-110-011 7 The Punjab Provincial Cooperative Bank Ltd. https://www.ppcbl.com.pk/ 111-772-250 8 Zarai Taraqiati Bank Limited https://www.ztbl.com.pk/ 111-30-30-30 Domestic Private Banks 9 Al-Barka Bank (Pakistan) Ltd. https://www.albaraka.com.pk/ 111-113-442 10 Allied Bank Limited https://www.abl.com/ 111-225-225 10 Askari Bank Limited https://askaribank.com/ 111-000-787 11 Bank Al-Falah Limited https://www.bankalfalah.com/ 111-225-111 12 Bank Al-Habib Limited https://www.bankalhabib.com/ 111-014-014 13 BankIslami Pakistan Limited https://www.bankislami.com.pk/ 111-475-264 14 Dubai Islamic Bank Pakistan Limited https://www.dibpak.com/ 111-786-342 15 Faysal Bank Limited https://www.faysalbank.com/ 111-06-06-06 16 Habib Bank Limited https://www.hbl.com/ 111-111-425 17 Habib Metropolitan Bank Limited https://www.habibmetro.com/ 111-1-42242 18 JS Bank Limited https://jsbl.com/ 111-654-321 19 MCB Bank Limited https://www.mcb.com.pk/ 111-000-622 20 MCB Islamic Bank Limited https://www.mcbislamicbank.com/ 042-34501000 21 Meezan Bank Limited https://www.meezanbank.com/ 111-331-331 22 Samba Bank Limited https://www.samba.com.pk/
    [Show full text]
  • Scheme of Amalgamation 2018 (Summit Bank)
    NOTICE OF THE EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF SUMMIT BANK LIMITED AND SCHEME OF AMALGAMATION OF SUMMIT BANK LIMITED AND SINDH BANK LIMITED NOTICE OF THE EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF SUMMIT BANK LIMITED NOTICE is hereby given that an Extraordinary General Meeting of the Shareholders (the “Shareholders”) of Summit Bank Limited (the “Bank”) will be held on August 31, 2018 at 11:00 a.m. at Kehkashan-II Hall, Serena Hotel, Islamabad to transact the following business: AGENDA Ordinary Business: 1. To confirm the minutes of the Twelfth Annual General Meeting of the Bank held on April 26, 2018. Special Business: 2. To consider and if thought fit, approve the Scheme of Amalgamation, recommended by the Board of Directors of the Bank on August 03, 2018 for the amalgamation of Summit Bank Limited with and into Sindh Bank Limited pursuant to Section 48 of the Banking Companies Ordinance, 1962 (“BCO”) and pass the following special resolutions with or without modifications: a. RESOLVED THAT subject to all applicable regulatory approvals and compliances (including without limitation the approval of the State Bank of Pakistan (“SBP”) and the permission of the Honourable Supreme Court of Pakistan), Summit Bank Limited be amalgamated with and into Sindh Bank Limited in accordance with the Scheme of Amalgamation to be sanctioned by SBP subject to any modifications as may be directed by SBP and/or requirements/conditions imposed by the Honourable Supreme Court of Pakistan. b. RESOLVED THAT the Scheme of Amalgamation under the provision of Section 48 of the BCO (as circulated to the members of Summit Bank Limited and placed in draft form before the shareholders) be and is hereby approved, adopted and agreed by a majority in number representing at least two thirds in value of the shareholders present personally or by way of proxy subject to any modifications as may be required by SBP;.
    [Show full text]
  • Supply of Union Paypak Dual Interface Co-Badge Debit Cards
    SNDB/COK/ADMIN/TD/ 1189/2021 COPY NO: _______________ Sindh Bank Limited Tender Document Supply of Union Pay PayPak Dual Interface EMV Co-Badge Debit Cards This document contains ;32pages Sindh Bank Limited Tender Document – Supply of Union Pay PayPak Dual Interface EMV Co- Badge Debit Cards Table of Contents DEFINITIONS 1 1 INVITATION FOR BIDS (IFB) 4 2 INSTRUCTION TO BIDDERS (ITB) 5 2.1 Correspondence Address 5 2.2 Eligible Bidders 5 2.3 Corrupt Practice 5 2.4 Preparation of Bids 6 2.4.1 Bidding Process 6 2.4.2 Cost of Bidding 6 2.4.3 Language of Bid 6 2.4.4 Technical Proposal 6 2.4.5 Financial Proposal 6 2.4.6 Bid Currencies 6 2.4.7 Bid Security 7 2.4.8 Bid Validity 7 2.5 Submission of Bids 7 2.5.1 Sealing and Marking of Bids 7 2.5.2 Response Time 7 2.5.3 Extension of Time Period for Submission of Bids 8 2.5.4 Clarification of Bidding Documents 8 2.5.5 Late Bids 8 2.5.6 Withdrawal of Bids 8 2.5.7 Cancellation of Bidding Process 9 2.5.8 Mechanism for Redressal of Grievances 9 2.5.9 Appeal to Review Committee 10 2.5.10 Matters not subject to Appeal or Review 11 2.6 Opening and Evaluation of Bids 11 2.6.1 Opening of Bids by SNDB 11 2.6.2 Clarification of Bids 11 2.6.3 Preliminary Examination 11 2.6.4 Supplier Eligibility Criteria 9 2.6.5 Eligibility Criteria 12 2.6.6 Discussions Prior to Evaluation 11 2.7 Award of Contract 13 2.7.1 Award Criteria 13 2.7.2 SNDB’s Right to Accept Any Bid and to reject any or all Bids 13 2.7.3 Notification of Award 13 2.7.4 Signing of Contract 14 Sindh Bank Limited Tender Document – Supply of Union Pay PayPak
    [Show full text]
  • List of Scheduled Banks
    List of Scheduled Banks Name of Scheduled Bank Website offering SCRA Al Baraka Bank (Pakistan) https://www.albaraka.com.pk/ Limited Allied Bank Limited https://www.abl.com/ Askari Bank Limited http://www.akbl.com.pk/ Bank Al Falah Limited http://www.bankalfalah.com/ Bank Al Habib Limited https://www.bankalhabib.com/ BankIslami Pakistan http://www.bankislami.com.pk/ Limited Citibank N.A http://www.citibank.com/pakistan/homepage/index.htm` Deutsche Bank AG https://www.db.com/mea/en/content/Pakistan.htm Bank of Tokyo-Mitsubishi https://www.bk.mufg.jp/global/globalnetwork/asiaoceania/karachi.html UFJ Limited Dubai Islamic Bank https://www.dib.ae/ Pakistan Limited Faysal Bank Limited https://www.faysalbank.com/ First Women Bank Limited http://www.fwbl.com.pk/ Habib Bank Limited https://www.hbl.com/ Standard Chartered Bank https://www.sc.com/pk/ (Pakistan) Limited Habib Metropolitan Bank http://www.habibmetro.com/ Limited Industrial & Commercial http://karachi.icbc.com.cn/ICBC/EN/default.htm Bank of China Limited JS Bank Limited https://www.jsbl.com/ MCB Bank Limited https://www.mcb.com.pk/ MCB Islamic Banking https://www.mcb.com.pk/ Limited Meezan Bank Limited https://www.mcb.com.pk/ National Bank Limited https://www.nbp.com.pk/ Samba Bank Limited https://www.samba.com.pk/samba/personal-banking Silkbank Limited https://www.silkbank.com.pk/ Sindh Bank Limited https://www.sindhbankltd.com/ Soneri Bank Limited https://soneribank.com/ Summit Bank Limited http://summitbank.com.pk/ The Bank of Khyber https://www.bok.com.pk/ The Bank of Punjab https://www.bop.com.pk/BoP United Bank Limited https://www.ubldirect.com .
    [Show full text]