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The Bangladesh Small and Cottage Industries Corporation Act, 1957

( ACT NO. XVII OF 1957 )

Share capital and shareholders
4. (1) The authorised capital of the Corporation shall, in the first instance, be one crore of Taka, divided into one lakh fully paid up shares of 1[Taka] 100 each. These shares may be issued and allotted by the Corporation from time to time with the previous sanction of the Government.
(2) The authorised capital may, with the previous approval of the Government, be increased from time to time by the Corporation.
(3) The Government shall be a share-holder of the Corporation and shall subscribe to and hold not less than fifty-one per centum of the shares issued by the Corporation at any time; the remaining shares shall be reserved for public subscriptions.

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    The word “Taka” was substituted for the word “Rs” by section 5 of the Bangladesh Small Industries Corporation (Amendment) Ordinance, 1976 (Ordinance No. XXXIV of 1976)
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