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I THE STATE BANK OF PAKISTAN ACT, 1956 CONTENTS CAHPTER I - PRELIMINARY SECTIONS 1. 2.

Short title extent and commencement Definition CHAPTER II- ESTABLISHMENT, INCORPORATION AND SHARE CAPITAL OF THE BANK 3. 4. 5. 6. 7. Establishment and incorporation of the Bank Share Capital Guarantee by Federal Government Notice of trust Register of shareholder CHAPTER III - MANAGEMENT 8. Offices, Branches and Agencies 6 8A. Establishment and maintenance of subsidiary or trust 6 9. Central Board of Directors 7 9A.Functions and responsibilities of the Central Board 7 9B.Monetary and Fiscal Policies Coordination Board 8 10. Governor and Deputy Governor 10 11. Executive Committee 11 12. Local Boards, their constitution and functions 13 13. Qualifications and disqualifications of Directors and Members 13 14. Term of Office of Directors and Members 14 14A. Bar to Certain Proceedings (Omitted). 15 15. Removal from and vacation of Office of the Governor, Deputy Governors, Directors and Members 15 16. General and Annual General Meetings 16 3 3 4 4 4 Page 1 1

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