The Forest Industries Development Corporation Ordinance, 1959 (East Pakistan Ordinance)

( Ordinance NO. LXVII OF 1959 )

[ 3rd October, 1959 ]
An Ordinance to establish a Corporation for the purpose of promoting the development of Forest Industries in Bangladesh.1♣

 
 
 
WHEREAS it is expedient to establish a Corporation for the purpose of promoting the development of Forest Industries and industries based on forest products and water resources in the Forest areas in Bangladesh.
 
 
 
 
NOW, THEREFORE, in pursuance of the Presidential Proclamation of the seventh day of October, 1958, the Governor is pleased in exercise of all powers enabling him in that behalf, to make and promulgate the following Ordinance.
 
 
 

CONTENTS

SECTIONS

1. Short title, extent and commencement

2. Interpretation

3. Establishment and incorporation

4. Share Capital

5. Management

6. Appointment and terms of office of Directors

7. Chairman

8. Disqualification of Directors

9. Appointment of officers, etc.

10. Meeting of the Board

11. Head Office

12. Deposit Account

13. Investment Funds

14. Business which the Corporation shall transact

15. Audit

16. Account

17. Annual Report

18. Power of Government to make rules

19. Power of Board to make Regulations

20. Power to amend schedule

21. Repeal of East Pakistan Ordinance LXIII of 1958

Schedule

SCHEDULE