Bill amending the Trust Receipts Ordinance (Chapter 86) (dated 10/11/2023) – Ministry of Finance, Economic Stabilization and National Policies
View Pdf– Bill amending the Trust Receipts Ordinance (Chapter 86) (dated 10/11/2023) – Ministry of Finance, Economic Stabilization and National Policies.
The Ministry of Finance, Economic Stabilization, and National Policies introduced a bill proposing amendment to Section 4 and the introduction of a new provision under the Trust Receipts Ordinance (Chapter 86). The amendment to Section 4 outlines the legal consequences for trust receipts registered under the Secured Transactions Act, No. of 2023. Furthermore, the bill introduces provisions addressing the enforceability period of trust receipts already registered under the Registration of Documents Ordinance and the requirement to register them under the Secured Transactions Act, No. of 2023. Please refer the bill for more details.
