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The Bangladesh Small and Cottage Industries Corporation Act, 1957

( ACT NO. XVII OF 1957 )

Guarantee by Government
5. (1) The amount subscribed on the shares of the Corporation and a minimum annual dividend thereon shall be guaranteed by the Government. Before the issue of any shares of the Corporation, the Government shall by notification in the official Gazette fix the minimum rates of dividend payable on the shares, and the Corporation shall annually and regularly pay to the share-holders a dividend not less than that fixed by the Government.
If at any time the Corporation is wound up, an amount not less than that subscribed on each share shall be payable to the share-holder.
(2) The shares and debentures of the Corporation shall be deemed to be “approved securities” for purposes of the Trusts Act, 1882.

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