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The Bangladesh Inland Water Transport Corporation Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 28 OF 1972 )

[ 26th March, 1972 ]

 
 
 
 
 
 
 
 
4. 1[(1) The authorised capital of the Corporation shall be 2[Taka 45 crores] divided into 3[4500,000] shares of Taka one hundred each of which not less than fifty-one per cent shares shall be subscribed for by the Government and the remaining shares shall be offered for public subscription in such manner and at such time as the Government may determine.]
 
 
 
 
(2) Notwithstanding anything contained in clause (1), the Corporation may, for carrying on all or any of its functions, have separate capital raised by loan or grant from, or in such other manner as may be approved by, the Government.
  • 1
    Clause (1) was substituted by section 2 of The Bangladesh Inland Water Transport Corporation (Amendment) Ordinance, 1976 (XXVII of 1976)
  • 2
    The words and figure “Taka 45 crores” were substituted for the words and figure “Taka 5 crores” by section 2 of The Bangladesh Inland Water Transport Corporation (Amendment) Ordinance, 1979 (VII of 1979)
  • 3
    The figure “4500,000” were substituted for the figure “500,000” by section 2 of The Bangladesh Inland Water Transport Corporation (Amendment) Ordinance, 1979 (VII of 1979)
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