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The Bangladesh Small and Cottage Industries Corporation Act, 1957

( ACT NO. XVII OF 1957 )

Disqualification of Directors
11. (1) No person shall be or shall continue to be 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 to be 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 1[the Republic]; or
(e) is a minor.
(2) The Government 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 Government, incapable of discharging his responsibilities under this Act; or
(b) has, in the opinion of the Government, abused his position as Chairman or Director; or
(c) has knowingly acquired or continued to hold, without the permission in writing, of the Government, 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 absented himself from three consecutive meetings of the Board without the leave of the Government, in the case of the Chairman, or of the Chairman, in the case of the Director.

  • 1
    The words “the Republic” were substituted for the word “Pakistan” by section 8 of the Bangladesh Small Industries Corporation (Amendment) Ordinance, 1976 (Ordinance No. XXXIV of 1976)
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