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The Bangladesh Industrial Enterprises (Nationalisation) Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 27 OF 1972 )

 
 
18. (1) The authorised share capital of each Corporation 1[, other than the Bangladesh Oil and Gas Corporation, ] shall be one crore of takas each, to be subscribed by the Government, in the manner determined by the Government, from time to time according to the requirements of the Corporation.
 
 
 
 
2[(1A) The authorised share capital of the Bangladesh Oil and Gas Corporation shall be two hundred crore taka, to be subscribed by the Government, in the manner determined by the Government, from time to time according to the requirements of the Corporations.]
 
 
 
 
(2) The initial share capital shall be five lakhs of taka fully paid up and subscribed by the Government.

  • 1
    The commas and words “, other than the Bangladesh Oil and Gas Corporation,” were inserted by section 2 of the Bangladesh Industrial Enterprises (Nationalisation) (Amendment) Ordinance, 1985 (Ordinance No. VI of 1985)
  • 2
    Clause (1A) was inserted by section 2 of the Bangladesh Industrial Enterprises (Nationalisation) (Amendment) Ordinance, 1985 (Ordinance No. VI of 1985)
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