The Film Development Corporation Act, 1957 (East Pakistan Act)

( ACT NO. XV OF 1957 )

An Act to establish a Corporation for the purpose of promoting the development of film industry in Bangladesh.1

Whereas it is expedient to establish a Corporation for the purpose of promoting the development of film industry in Bangladesh;
It is hereby enacted as follows:-



1. Short title, extent and commencement

2. Interpretation

3. Establishment and incorporation of Corporation

4. Share capital and shareholders

5. Approved securities

6. Management

7. Board of Directors

8. Terms of office of Directors

9. Managing Director

10. Constitution and powers of the Executive Committee

11. Disqualification for the office of Director

12. Directors absent from three consecutive meetings

13. Appointment of officers, advisers and consultants

14. Chairman of the Board

15. Technical Advisory Committee

16. Restriction on disclosure of information

17. Meetings of the Board and the Committee and quorum thereof

18. Fees for attending meetings

19. Offices

20. Deposit accounts

21. Investment of funds

22. Borrowing power

23. Deposits

24. Functions of the Corporation

25. Limit of accommodation

26. Security for loans

27. Interest on loans

28. Limit of loans

29. Power to impose conditions

30. Prohibited business

31. Loans in foreign currency

32. Power to demand immediate payment of the entire sum

33. Certification of sums recoverable

34. Special provisions for enforcement of the claims of the Corporation

35. Act XVIII of 1891 to apply to the books of the Corporation

36. Disposal of profit

37. General meetings

38. Audit

39. Returns

40. Liquidation of Corporation

41. Indemnity of Directors

42. Declaration of fidelity and secrecy

43. Provision relating to income-tax and super-tax

44. Offences

45. Power of Government to make rules

46. Power of the Board to make regulations