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The Agricultural Development Corporation Ordinance, 1961 (East Pakistan Ordinance)

( Ordinance NO. XXXVII OF 1961 )

Chapter II

ESTABLISHMENT, MANAGEMENT AND ORGANISATION OF THE CORPORATION

Constitution of the Board
5. (1) The Board shall consist of¬ -
 
 
 
 
1[(a) not more than six whole-time Directors appointed by the Government;
 
 
 
 
(b) the Registrar of Co operative Societies, who shall be an ex officio Director; and
 
 
 
 
(c) the Director-General of the Integrated Rural Development Programmes, who shall be an ex-officio Director.]
 
 
(2) The Government shall appoint one of the whole time Directors to be the Financial Director who shall advise the Corporation on all financial matters.
 
 
 
 
(3) A Director shall-
 
 
 
 
(a) unless sooner removed or transferred by the Government, hold office for a term of five years, and may be re appointed for such further period or periods as the Government may, from time to time, specify;
 
 
 
 
(b) receive such salary and allowances as the Government may determine; and
 
 
 
 
(c) perform such duties as are assigned to him by this Ordinance or by the rules or regulations.
 
 
 
 
(4) Every person appointed as Director shall divest himself of any directorship or other interest held by him in any corporation, company or concern which has dealings with the Bangladesh Agricultural Development Corporation, other than corporations, whether statutory or not, and companies or concerns, sponsored by or on behalf of the 2[Government], and co operative societies:
 
 
 
 
Provided that the Government may permit a Director to retain the shares purchased by him before his assuming office as Director, and any shares purchased after the assumption of office shall be declared by him, as soon as the corporation, company or concern to which the shares relate starts dealings with the Corporation.

  • 1
    Clauses (a), (b) and (c) were substituted for the former clauses (a) and (b) by section 6 of the Agricultural Development Corporation (Amendment) Ordinance, 1975 (Ordinance No. XL of 1975)
  • 2
    The word “Government” was substituted for the words “Central or a Provincial Government” by section 6 of the Agricultural Development Corporation (Amendment) Ordinance, 1975 (Ordinance No. XL of 1975)
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