Section 41A : Power of the State Bank to remove directors or other managerial persons from office
2004 CLD 1680 LAHORE-HIGH-COURT-LAHORE
M.D. TAHIR, ADVOCATE VS DIRECTOR, STATE BANK OF PAKISTAN, LAHORE
—Ss.33, 33-A [as added by Banking Companies (Amendment) Act (XIV of 1997)], 41(1) & 41-A—State Bank of Pakistan Circular No.22, dated 30-6-2003–State Bank of Pakistan Act (XXXII of 1956), S.3—Constitution of Pakistan (1973), Arts.4, 9; 14, 25 & 199
2004 CLD 1407 LAHORE-HIGH-COURT-LAHORE
ASLAM HASSAN QURESHI VS GOVERNOR, STATE BANK OF PAKISTAN and 4 others
—S.41-A—Removal of directors or other managerial persons—Powers of State Bank—Object—Provision of S-41-A of Banking Companies Ordinance, 1962, was introduced in order to maintain purity of Banking Institutions.
2003 CLD 1094 KARACHI-HIGH-COURT-SINDH
SALEEM SHEIKH VS STATE BANK OF PAKISTAN
—-Ss.41-A & 41-C—Constitution of Pakistan (1973), Art. 199—Constitutional jurisdiction of High Court —Scope–ÂExistence of alternate remedy—Requirements—Removal of Directors or other managerial persons of a Banking Company by the State Bank o
2002 CLD 1794 SUPREME-COURT
RAUF B. KADRI VS STATE BANK OF PAKISTAN
Banking Companies Ordinance 1962 —-Ss.41-A & 41-B—Scope and appreciation of Ss.41-A & 41-B, Banking Companies Ordinance, 1962.
2002 PLD 1111 SUPREME-COURT
RAUF B. KADRI VS STATE BANK OF PAKISTAN
—-S. 306—Banking Companies Ordinance (LVII of 1962), Ss. 41-A & 41-B—Civil Procedure Code (V of 1908), O. I, R.10—Petition for winding-up proceedings of a Financial Institution—Inability of the institution to pay its debts—State Bank of Pakist
1986 CLC 2197 LAHORE-HIGH-COURT-LAHORE
HAIDERJ INTERNATIONAL FINANCE LTD. VS STATE BANK
Banking Companies Ordinance 1962 —S. 41-A–Prohibition of double jeopardy, principle of–Plea of such principle, held, would be misconceived because of criminal case having been registered against directors of Company whereas notices were issued for taking action against company, which is a separate legal entity as distinct from its directors.