4. (1) It shall be the function of the Corporation to provide safe and efficient shipping services on international routes and to carry out all forms of activities connected with or ancillary to shipping, including taking over of the undertaking, movable or immovable assets or properties of any corporation engaged in such activities, upon a notification being published by the Government in the official Gazette vesting such undertaking, or assets, or properties in the Corporation.
(2) Without prejudice to the generality of the foregoing provisions, the Corporation shall, in particular, have power-
(a) to acquire, charter, hold or dispose of ships or crafts;
(b) to promote any organisation, in or outside Bangladesh, for the purpose of engaging in any activity falling within the function of the Corporation, or to associate with any such organisation;
(c) to undertake the repairs, overhaul, construction, reconditioning or assembly of ships, vessels and other vehicles;
(d) to assemble, manufacture, recondition, overhaul and repair machines, parts, accessories and instruments pertaining to ships, vessels and other vehicles;
(e) to establish institutes or make other arrangements for the instruction and training of persons engaged or likely to be engaged in any activities connected with or ancillary to shipping;
(f) to acquire, hold or dispose of any property, whether movable or immovable;
(g) to do all other things connected with or ancillary to any of the matters referred to in sub-clauses (a) to (f); and
(h) to carry out any other function as may be notified by the Government in the official Gazette.