ORDINANCE XXX OF 1965
30th September 1965
An Ordinance to establish a Small
Industries Corporation in the Province of West Pakistan
No. Legis. 3 (30)/65.-The following Ordinance by the Governor of West Pakistan, is hereby published for general information:—–
Whereas it is expedient to establish a Corporation for promoting the development of industries in the Province of West Pakistan with particular reference to small and cottage industries;
And whereas the Provincial Assembly of West Pakistan is not in session and the Governor of West Pakistan is satisfied that circumstances exist which render immediate legislation necessary;
Now, therefore, in pursuance of the powers vesting in him under clause (l) of Article 79 of the Constitution, the Governor of West Pakistan is pleased to make and promulgate the following Ordinance:-
1. Short title, extent and commencement.-(1) This Ordinance may be called the West Pakistan Small Industries Corporation Ordinance, 1965.
(2) It extends to the whole of the Province of West Pakistan, except the Tribal Areas.
(3) It shall come into force on such date as Government may, by notification in the official Gazette, appoint in this behalf.
2. Definitions.-In this Ordinance, unless the context otherwise requires, the following expressions shall have the meanings hereby respectively assigned to them, that is to say-
(a) “Board” means the Board of Directors of the Corporation;
(b) “borrower” means any person or persons or body of persons, whether incorporated or not, to whom a loan is made by the Corporation or by a Scheduled Bank on the guarantee of the Corporation under this Ordinance, and includes the successors and assignees of such person or persons;
(c) “Chairman” means the Chairman of the Board;
(d) “Corporation” means the West Pakistan Small Industries Corporation established under this Ordinance;
(e) “cottage industry” means an industry which is carried on wholly or primarily with the help of the members of a family as a whole-time or part-time occupation;
(f) “Director” means a Director of the Board and includes the Chairman;
(g) “Governor” means the Governor of the Province of West Pakistan ;
(h) “Government” means the Government of the Province of West Pakistan;
(i) “other industry” means an industry, other than cottage or small industry, approved by the Governor and set up or established in a small industries estate ;
(j) “prescribed” means prescribed by rules or regulations;
(k) “regulation” means regulations made under this Ordinance:
(1) “rules” means rules made under this Ordinance;
m) “Scheduled Bank” means a bank for-the time being included in the list of banks maintained under subsection (1) of section 37 of the State Bank of Pakistan Act, 1956;
(n) “small industry” means an industry engaged in the handicrafts or manufacture of consumer or producer goods, the value of the total fixed assets whereof (including land) does not exceed five lacs of rupees ;
(o) “small industries ,estate” means an estate established and or managed by the Corporation to provide land and facilities for the establishment and development of small cottage and other industries; and
(p) “State Bank” means the State Bank of Pakistan.
CONSTITUTION OF THE CORPORATION
3. Constitution of-the Corporation.-(1) As soon as may be after the commencement of this Ordinance, there shall be established a Corporation to be known as the West Pakistan Small Industries Corporation.
(2) The Corporation shall be a body corporate, shall have the power to acquire and hold property, both movable and immovable, subject to the provisions of this Ordinance and shall have perpetual succession and a common seal and shall by the said name sue and be sued.
(3) The head office of the Corporation shall be in Lahore.
4. Management.-(1) The general direction and administration of the Corporation and its affairs shall vest in the Board, which may exercise powers and do all acts and things that may be exercised or done by the Corporation in accordance with the provisions of this Ordinance.
(2) The Board in accordance its functions shall act on commercial considerations and shall be guided by such directions as the Governor may give it from time to time.
(3) If the Board fails to carry out any direction given as aforesaid, the Governor may, for reasons to be recorded in writing, remove the Directors, and notwithstanding anything contained in section 5, appoint persons in their place to be Directors temporarily until a fresh Board is constituted in accordance with the provisions of that section.
(4) The Governor may suspend the execution of any such resolution or order of the Board as, in the opinion of the Governor, contravenes the directions mentioned in subsection (2) or prohibit the doing of any act which is to be done or is being done in pursuance. of. the said resolution or order or, if the act has been accomplished, order its rectification in such manner as may be specified.
5. Board of Directors.-The Board shall consist of such number of Directors, not less than three, as may be appointed by the Governor.
6. Terms of office and conditions of appointment of Directors.-Each Director shall-
(a) be a whole time officer of the Corporation;
(b) perform such duties as may be prescribed by regulations or as the Board may assign to him ;
(c) divest himself of any directorship of, or other interest held by him in, any other corporation, company or concern; provided that nothing in this clause shall prevent a Director from holding shares in any public company acquired by him before his appointment as Director, or acquiring during his term of office as Director, shares in any public company which is not a borrower;
(d) subject to the provisions of sections 9, 10, 11 and 12, hold office for a term of three years, and may be appointed thereafter for a further term or terms of such duration as the Governor may, in appointing him thereto, determine; and
(e) receive such salary and allowances as the Governor may determine:
Provided that the Governor may, in exceptional circumstances, where he considers it necessary to do so in the public interest, exempt by a special order, any person, who has been appointed or is about to be appointed 4 Director, from the application of clause (c).
7. Chairman.-(1) The Governor shall appoint one of the Directors to be the Chairman of the Board who shall be the Chief Executive of the Corporation.
(2) Subject to his continuing to hold office as Director; the Chairman shall hold office as Chairman for a term of three years, and subject as aforesaid—
(a) shall remain in office as Chairman thereafter’ until his successor in that office is appointed; and
(b) may be appointed to hold that office, for a further term or terms as the Governor may, in appointing him thereto, determine.
8. Finance Director.-One of the Directors appointed under section 5 shall be the Finance Director, who shall exercise such power and discharge such duties as may be prescribed.
9. Term of office of the first Chairman and Directors.-Notwithstanding anything contained in sections 5, 6, 7 and 8, when the Board is first constituted, the Chairman and Directors shall hold, office for such term, not exceeding three years, as may be determined by the Governor.
10. Disqualification of Directors.-No person shall be appointed as or shall continue to be a Director, who-
(a) is. or at any time has been convicted of an offence involving moral turpitude; or
(b) is or at any time has been adjudicated insolvent; or
(c) is found a lunatic or becomes of unsound mind; or
(d) is or at any time has been disqualified for employment in or dismissed from the service of Pakistan; or
(e) is under the age of twenty-one years; or
(f) is not a citizen of Pakistan.
11: Removal of Chairman and Directors.-The Governor may, by order in writing, remove the Chairman or a Director, if he-
(a) refuses or fails to discharge or becomes, in the opinion of the Governor, incapable of discharging his responsibilities under this Ordinance;
(b) has, in the opinion of the Governor, abused his position as Chairman or’ Director; or
(c) has knowingly acquired or continued to hold, without the permission in writing of the Governor, directly or indirectly, or through a partner, any share or interest in any contract or employment with, by or on behalf of the Corporation, or in any property, which in his knowledge, is likely to benefit or has benefited as a result of the operations of the Corporation; or
(d) has, in the opinion of the Governor, violated the declaration of fidelity and secrecy provided under section 14; or
(e) has absented himself from three consecutive meetings of the Board without the leave of the Governor in the case of the Chairman and of the Chairman in the case of a Director.
12. Resignation by Chairman or Director.-Notwithstanding anything contained in this Ordinance, the Chairman or a Director may, at any time before the expiry of his term, upon three months’ notice, resign his office or upon similar notice, be removed from office by the Governor without assigning any reason.
13. Establishment.-(I) The Corporation may, subject to such general or special orders as the Governor may give it from time to time, appoint such officers, advisers and employees as it considers necessary for the efficient performance of its functions, on such terms and conditions as it may see fit.
(2) The Corporation may employ such officers, experts, advisers, consultants and other persons as may be transferred to it by Government, on such terms and conditions as may be determined by Government.
(3) The Chairman, in cases of urgency, may appoint such officers, advisors, consultants and other employees and on such terms and conditions as may be necessary:
Provided that every appointment made under this subsection shall be reported to the Board without unnecessary delay, and shall not continue beyond six months unless approved by the Board.
14. Declaration of fidelity and secrecy.–(1) Every Director, adviser or officer or other employee of the Corporation before entering upon his duties shall make such declaration of fidelity and secrecy as may be prescribed by regulations.
(2) Any Adviser, officer or other employee of the Corporation, who in the opinion of the Governor or a person authorized, by the Governor in this behalf, has violated the declaration of fidelity or secrecy made by him under subsection (1), shall be liable, after being given a reasonable opportunity of showing cause against the action proposed to be taken with respect to him, to be forthwith removed from his office or post.
15. Financial, technical and advisory committees.-The Board may constitute such financial, technical and advisory committees as may be necessary for carrying out the purposes of this Ordinance.
16. Immunity of the Corporation and its employees.-(1) Every Director, adviser, officer or other employee of the Corporation shall be indemnified by the Corporation against all losses and expenses incurred by him in the discharge of his duties, except such as are caused by his own wilful act or default.
(2) A Director shall not be personally responsible for the acts of any other Director, or of any adviser, officer or employee of the Corporation which he could not have reasonably prevented by the due exercise of his powers and functions under this Ordinance and the rules and regulations, for any loss or expense resulting to the Corporation by reason of the insufficiency or deficiency in value of or title to any property or security acquired or taken on behalf of the Corporation,’ by the wrongful act of any person under a liability to the Corporation or by anything done by him in good faith in the execution of the duties of his office.
17. Delegation of powers.-The Board may by general or special order delegate to the Chairman, a Director, officer or employee of the Corporation any of its powers, duties, or functions under this – Ordinance, the rules and regulations, subject to such conditions as it may deem fit to impose.
18. Meetings of the Board.-(I) The meetings of the Board shall be held at such times and at such places as may be prescribed by regulations:
Provided that at least one meeting shall be held in a month:
Provided further that until regulations are made in this behalf, such meetings shall be held at such times and such places as may be determined by the Chairman.
(2) The quorum necessary for transacting business at a meeting of the Board shall be three, if the Board consists of five or more Directors, and two if the number is less.
(3) Each Director, including the Chairman, shall have one vote but in the event of an equality of votes, the Chairman shall have a second or casting vote.
(4) The meetings of the Board shall be presided over by the Chairman and, in his absence, by the senior-most Director present at .the meeting.
(5) No act or proceeding of the Board shall be invalid merely on the ground of the existence of any vacancy in or any defect in the constitution of the Board.
(6) The minutes of every meeting, stating among other things, the names of the Directors present, shall be drawn up and recorded in a book to be kept for the purpose and shall be signed by the person presiding over the meeting, and such book shall at all reasonable times and without charge be, open to inspection by any Director.
(7) If the Governor so directs in any case, the Chairman shall forward to him copies of all papers which were laid before the Board for consideration at a meeting.
(8) Government may require the Chairman to furnish it with-
(a) any return, statement, estimate, statistics or other information regarding any matter under the control of the Corporation; or
(b) a report on any such matter; or
(c) a copy of any document in the charge of the Chairman.
The Chairman shall comply with any such requisition without any undue delay.
19. Power of Board to associate other persons.-(1) The Board may associate with itself in such manner, on such terms and for such period as it may deem fit any persons whose assistance or advice it may desire in carrying out any of the provisions of this Ordinance.
(2) A person associated under subsection (1) for any purpose shall have a right to take part in the discussions of the Board relating to that purpose, but shall not have a right to vote and shall not be deemed to be a Director for that or any other purpose.
POWERS, DUTIES AND FUNCTIONS OF THE CORPORATION
20. Functions of the Corporation.-(1) In accordance with the provisions of this Ordinance, the Corporation shall take such measures as it thinks fit to render assistance in the establishment and development of cottage, small and other industries. ‘
(2) In particular and without prejudice to the generality of the foregoing power, the Corporation may, in order to promote and carry out the purposes of this Ordinance-
(a) give loans to borrowers for the purpose of small, cottage and other industries;
(b) furnish guarantees to the Scheduled Banks for the repayment of loans to borrowers for the development of industries and to share losses on account of bad debts in accordance with the agreements in this regard between the Corporation and those Banks:
Provided that the loans given under clause (a) or guaranteed under clause (b) shall be repayable within, a period not exceeding twenty years
Explanation.-Loans made by the Corporation may be in kind or in cash or in the form of buildings, developed plots of lands in the small industries estates or machinery and equipment on lease or on hire-purchase basis.
21. Security for loans or subscriptions.-No loan shall be made by the Corporation until it is secured by pledge, mortgage, hypothecation or assignment of such property, movable or immovable, and of such value in proportion to the loan as the Corporation may deem fit.
Provided that when the loan is made to an individual and does not exceed two thousand rupees in the aggregate, it may be secured by bond with at least two solvent sureties.
22. Interest on loans.-The rate of interest chargeable on loans made by the Corporation may be determined and notified by Government from time to time.
23. Limit of loans.-(1) The Corporation shall not make loans or subscriptions or furnish any guarantee to small or cottage industries located outside the small industries estates in excess of the following aggregate limits, namely:-
(a) when made to an individual, Rs. 50,000.00;
(b) when made to any borrower other than an individual, Rs. 2 lacs.
(2) The Corporation shall not make loans or furnish guarantees in the case of industries located in the small industries estates in excess of such limits as may be notified by Government from time to time.
24. Relaxation loans.-Government may, from time to time, on the recommendation of the Corporation relax the aggregate limit of loans, subscriptions and guarantees provided under section 23.
25. Power to impose conditions.-At the time of entering into any transaction, the Corporation may impose such conditions as it may think necessary or expedient for protecting its own interests and for securing that the loan, underwriting or other aid shall be put to the best use.
26. Power to demand payment of, entire sum.-(1) Notwithstanding anything in any agreement or in any law to the contrary, if-
(a) it is found that the loan was obtained by information supplied by the borrower which was false or misleading in any material particular; or
(b) the borrower is found to have committed a breach of the terms of his agreement with the Corporation relating to the loan; or,
(c) the loan or any part of it is found to have been utilised otherwise than for the purpose for which it was made; or
(d) there is a reasonable apprehension that the borrower will be unable to pay his debts or may go into liquidation; or
(e) the property pledged, mortgaged, hypothecated or assigned to the Corporation as security for the loan is not kept in a proper condition by the borrower or the property has depreciated in value by more than the prescribed percentage and the borrower is unable to give additional security to the satisfaction of the Corporation; or
(f) without the permission of the Corporation, machinery or other equipment is removed from the premises of the borrower’s industrial establishment without being replaced; or
(g) without the permission of the Corporation, the building, land or other property mortgaged as security for the loan is in any way disposed of or charged by the borrower; or
(h) for any other reason, it is necessary in the opinion of the Board to do so in order to protect the interests of the Corporation; any officer authorized generally or specially in this behalf by the Board may, by notice, call upon the borrower to pay up the entire sum then remaining unpaid by the borrower in respect of the loan and the interest payable thereon, or any lesser sum, as the case may be, or require the borrower to surrender the building, machinery and equipment or other materials given to him by way of loan or require him to comply with such directions as the Board may consider necessary to give in order to safeguard its interests.
(2) Such notice shall specify the time within which the borrower is required to make the payment or to surrender the factory building, machinery and equipment or materials or to carry out the direction given and shall also contain a warning that if the borrower fails to pay the amount demanded or to surrender the factory building, machinery and equipment or materials or to carry out the directions given, as the case may be, within the time specified, the Board may issue a certificate certifying the borrower to be a defaulter and certifying the sum due from the borrower to be recoverable as arrears of land revenue.
27. Certification of sums recoverable.-(1) If the borrower fails to make the payment demanded or to carry out the directions given in a notice under section 26 within the time specified in the notice, the Board may issue a certificate in the prescribed form and manner certifying the borrower to be a defaulter and certifying the aggregate sum, including interest, payable by the borrower to the Corporation on and up to the date of the certificate and the rate at which interest was payable thereon thereafter.
(2) .Subject to the provisions of subsection (3), a certificate issued under subsection (1) shall be conclusive evidence that the sums certified in the certificate together with further interest at the rate certified were recoverable by the Corporation from the borrower.
(3) The borrower may within fifteen days of the issue of the certificate under subsection (1) appeal to Government in this behalf against the certificate and thereupon Government may cancel or modify the certificate.
(4) Notwithstanding anything in any agreement or in any law to the contrary-
(a) the Corporation shall have the option to recover the amount due from a borrower either from him or from his surety and a certificate issued under subsection (1) shall also be executable against the surety as if he himself were the borrower;
(b) any transfer of properties pledged, mortgaged, hypothecated or assigned by the borrower as security for the loan, so long as the loan or the interest thereon or any part thereof remains unpaid to the Corporation, shall be void as against the Corporation, and such properties shall be liable to attachment and sale as if no such transfer had taken place;
(c) where a loan has been advanced in the form of building or machinery and equipment on hire purchase basis and the borrower has committed -a breach of the terms and conditions of the agreement or otherwise violated any provision of this Ordinance or failed to comply with the notice issued under subsection (1), the Corporation shall be entitled to take possession of the building or machinery and equipment, as the case may be ;
(d) all sums due to the Corporation from a borrower or any other person shall be recoverable as arrears of land revenue.
28. Loans in foreign currency.-(1) The Corporation may, with the previous approval of Government and the Central Government, and on such terms and conditions as may be approved by Government, borrow in foreign currency from the International Bank for Reconstruction and Development or otherwise moneys required for the development of small, cottage, and other industries. In the case of loan secured for the purpose of section 20, the Corporation may pledge, mortgage, hypothecate or assign to the said Bank or other lender all or any part of security taken by the Corporation for the loan granted in foreign currency.
(2) All loans obtained in foreign currency shall be repayable either-
(a) in the currency in which they are obtained; or
(b) in any other currency which is agreed upon by the loan giving agency, Government and the Central Government; or
(c) in Pakistan currency at the rate of exchange prevailing at the date of repayment.
29. Other function of the Corporation.-The Corporation shall also be responsible for-
(a) preparing and submitting schemes to the Governor for the development of cottage, small and other industries. Such schemes may include schemes for research and mechanization in respect of cottage and small industries;
(b) giving effect to schemes approved by appropriate means ;
(c) sponsoring industries to be set up in the small industries estates;
(d) taking over and running schemes, projects and training institutions as may be transferred to the Corporation by Government;
(e) organizing co-operative societies in furtherance of the purposes of this Ordinance;
(f ) taking appropriate measures for integration of small industries with large industries; .
(g) undertaking census and surveys of cottage, small and other industries;
(h) organizing trade associations and taking other appropriate measures for promoting and marketing the products of cottage and small industries;
(i) organizing fairs, pavilions, sales and display of products of cottage and small industries;
(j) establishing service centres and common facility centres for specific industries or groups of industries ;
(k) establishing, in special cases and with the prior approval of the Governor, small and cottage industries in less developed areas;
(1) establishing small industries estates;
(m) establishing artisan colonies, design centres, workshops, .institutes for promotion and development of handicrafts;
(n) taking appropriate means for promotion and development of sericulture;
(o) procuring and distributing to cottage and small industries, raw materials, machinery and spare parts;
(p ) establishing institutes for the promotion and development of cottage, small and other industries;
(q) maintaining and running deposits for the supply of raw materials and for the purchase and sale of finished goods from cottage and small industries, and projects run by the Corporation;
(r) introducing better means of production and new designs, including proto-types;
(s) formulating and implementing schemes for training of artisans and small industrialists;
(t) arranging for grading and standardization of products of small and cottage industries;
(u) working out entitlements of raw materials of cottage, small and other industries;
(v) sanctioning, balancing, modernising, etc., of cottage, small and other industrial units in accordance with the instructions of Government or in exercise of powers that may be delegated in this behalf by Government;
(w) undertaking such other functions, measures or steps as may be directed by Government.
30. Corporation deemed to be a bank for purpose of Act XVIII of 1891.-The Corporation shall be deemed to be a bank for the purpose of the Bankers’ Books Evidence Act, 1891.
31. Corporation Fund.-(1) There shall be a fund to be known as the “Corporation Fund” vested in the Corporation, which shall be utilized by the Corporation to meet charges in connection with its functions under the Ordinance including salaries and other remuneration of the Directors and—
(2) The Corporation Fund shall consist of-
(a) grants made by Government;
(b) revolving fund placed by Government at the ~ disposal of the Corporation for preparing feasibility studies for the schemes;
(c) loans obtained from Government;
(d) grants made by the local bodies;
(e) sale proceeds of raw materials and finished goods;
(f) loans obtained by the Corporation from the Scheduled Banks;
(g) foreign loans obtained under the provisions of section 20;
(h) charges for the plots of land and other facilities provided on the
(i) all other sums received by the Corporation.
32. Corporation to be deemed to be a local authority.-The Corporation shall be deemed to be a local authority under the Local Authorities Loans Act, 1914, for the purposes of borrowing money under the said Act and the making and execution of any scheme under the Ordinance shall be deemed to be a work which such authority is legally authorised to carry out.
33. Custody and investment of Corporation Fund.-(1) All moneys at the credit of the Corporation shall be kept as prescribed.
(2) Nothing in the foregoing provisions of this section shall be deemed to preclude the Corporation from investing any such moneys which are not required for immediate expenditure in any of the securities described in section 20 of the Trusts Act,1882, or placing them in fixed deposit with a bank approved by Government or in such other manner as may be approved;
34. Maintenance of accounts.-The Corporation shall maintain complete and accurate books of accounts in such form as may be prescribed.
’35. Auditors.-(1) The accounts of the Corporation shall be audited by auditors who shall be chartered accountants within the meaning of the Chartered Accountants Ordinance, 1961, and appointed with the approval of Government on such remuneration as may be fixed, and such remuneration shall be paid by the Corporation.
(2) Notwithstanding the audit provided for in subsection (1), the Governor shall appoint a special auditor to audit or cause to be audited the accounts of the Corporation, and to hold or cause to be held a test audit of the undertakings owned by the. Corporation, and in the event of ,a test audit disclosing irregularities the special auditor may carry out or cause to be carried out such further audit as he considers necessary.
36. Reports to be furnished to Government.-(1) The Corporation shall furnish to Government as far as possible within four months of the close of the financial year an audited statement in the prescribed form of its assets and liabilities of commercial undertakings and transactions as they stand at the close of that year together with a profit and loss account for the year and a full report on the working of the Corporation during the year, and copies of the said statement, account and report shall be published in the official Gazette.
(2) The Corporation shall submit to Government its proposals for the next ensuing financial year at such time and in such manner as may be prescribed.
37. Winding up.-No provision of law relating to the winding up of companies and corporations shall apply to the Corporation and the Corporation shall not be wound up except by order of the Governor and in such manner as he may direct.
38. Power to make rules.-(1) Government may, by notification in the official Gazette, make rules for carrying out the purposes of this Ordinance.
(2) In particular and without prejudice to the generality of the foregoing powers, such rules may provide for-
(a) the-manner of keeping accounts of the Corporation;
(b) the recruitment of officers, advisers and employees of the Corporation;
(c) the terms and conditions of service of the officers, advisers and employees of the Corporation, including the functions of the advisers;
(d) the borrowings by the Corporation;
(e) the date by which, and the form in which, the annual budget statement of the Corporation shall be submitted in each year;
(f) the procedure for appropriation and reappropriation of moneys at the credit of the Corporation;
(g) the form and manner in which and the authorities to whom returns, reports or statements shall be submitted; and
(h) such other matters relating to the administration of the affairs of the Corporation as Government may think fit to regulate by rules. .
39. Power to make regulations.-(1) The Board may, with the previous approval of Government, make regulations to provide for all matters, not provided for in the rules, for which provision is necessary or expedient for carrying out the purposes of this Ordinance and the rules.
(2) In particular and without prejudice to the generality of the foregoing powers, such regulations may provide for the-
(a) meetings of the Board;
(b) investment of the Corporation funds; .
(c) sale or transfer of industrial. units and other immovable property of the Corporation;
(d) the constitution, powers and terms and conditions of committees constituted under section 15;
(e) building bye-laws, agreements and lease deeds pertaining to small industries estates;
(g) the form and manner of determining the sufficiency or security taken for loans or for guaranteeing the loans,
40. Transfer of assts of Small Industries Division of West Pakistan Industrial Development Corporation.-As from the coming into force of this Ordinance, the Small Industries Division of the West Pakistan Industrial Development Corporation shall stand transferred to the Corporation, as detailed below:-
(a) All business, projects, undertakings and properties of the Small Industries Division of the West Pakistan Industrial Development Corporation shall stand transferred to the Corporation.
(b) All debts, liabilities and obligations incurred, contracts entered into, and matters and things engaged to be done by, with or for, and all suits and other proceedings by or against the Small Industries Division of the West Pakistan Industrial Development Corporation, shall be deemed to be debts, liabilities and obligations incurred, contracts entered into, or as the case may be, matters and things engaged to be done by, with or for, and suits and other proceedings by or against the Corporation.
(c) All officers, advisers, consultants and employees of the Small Industries Division of the West Pakistan Industrial Development Corporation shall stand transferred for service under the Corporation on the terms and conditions as were applicable to them on the eighteenth day of March 1965.
Explanation.-The West Pakistan Industrial Development Corporation means the West Pakistan Industrial Development Corporation established under the Provincial Industrial Development Corporation (West Pakistan) Ordinance, 1962.
41. Supplemental power.-For the purpose of carrying into effect the provisions of this Ordinance, the Governor may, in such manner as he may consider necessary or expedient, provide for-
(a) the removal of difficulties arising out of, or in connection with, the transfer of assets and liabilities of the Small Industries Division of the West Pakistan Industrial Development Corporation, as provided in section 40 ;
(b) other matters supplemental or incidental to, or consequential upon, the transfer of such assets and liabilities.