The Trading Corporation of Bangladesh Order, 1972 (President's Order)

[ 14th June, 1972 ]
1[WHEREAS it is expedient to provide for the establishment of a Trading Corporation to buildup buffer stock for stabilization of market prices of essential commodities through import and local procurement, and to carry on the business of imports and exports of all kinds of goods and materials and for matters ancillary thereto;]

 
 
 
NOW, THEREFORE, in pursuance of the Proclamation of Independence of Bangladesh, read with the Provisional Constitution of Bangladesh Order, 1972, and in exercise of all powers enabling him in that behalf, the President is pleased to make the following Order:-
 
 
 

CONTENTS

SECTIONS

1. (1) This Order may be called the Trading Corpor

2. In this Order, unless there is anything repugna

3. (1) On the commencement of this Order there sha

4. (1) The Head Office of the Corporation shall be

5. (1) The authorised capital of the Corporation s

6. (1) Subject to rules and regulations made under

7. [(1) The Board shall consist of- (a) a Chairman

8. (1) The Chairman shall be the chief executive o

9. (1) The meetings of the Board shall be held at

10. The Board may appoint such committee or commit

11. (1) The Corporation may appoint such officers,

12. Subject to the provisions of this Order, the f

13. The Board may, by general or special order in

14. The Corporation may, with the prior approval o

15. The Corporation may open accounts with any ban

16. The Corporation may invest its funds in such s

17. The Corporation shall, by such date in each ye

18. (1) The Corporation shall maintain proper acco

19. (1) The Corporation shall furnish to the Gover

20. After making provisions for bad and doubtful d

21. Every Director shall be indemnified by the Cor

22. No provision of law relating to the winding up

23. Notwithstanding anything contained in any othe

24. The Government may, by notification in the off

25. (1) The Board may, with the previous approval