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The Bangladesh Shilpa Rin Sangstha Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 128 OF 1972 )

[ 31st October, 1972 ]

43. (1) The Board 1[may, with the approval of the Government, make regulations], not inconsistent with the provisions of this Order and the rules, to provide for all matters for which provision is necessary or expedient for the purpose of giving effect to the provisions of this Order.
 
 
 
 
(2) In particular, and without prejudice to the generality of the foregoing power, such regulations may provide for-
 
 
 
 
(a) the calling of the meetings of the Board or any committee, fees for attending the meetings thereof and the conduct of business thereat;
 
 
 
 
2[* * *]
 
 
 
 
(b) the delegation of powers and functions of the Board to the 3[ 4[Chairman, Managing Director]] or any other Director or any officer or other employees of the Sangstha;
 
 
(c) the conditions subject to which the Sangstha may grant loans or equity support;
 
 
 
 
(d) the manner of determining the sufficiency of the security for the purpose of business;
 
 
 
 
(e) the manner and conditions subject to which the Sangstha may borrow in foreign currency;
 
 
 
 
(f) the form of returns and statements required to be prepared under this Order;
 
 
 
 
(g) the duties and conduct of officers and other employees of the Singstha;
 
 
 
 
(h) the recruitment, remuneration, promotion and other terms and conditions of service of the officers and other employees of the Sangstha;
 
 
 
 
(i) the establishment and maintenance of pension, provident or other fund for the benefit of officers and other employees of the Sangstha, including the dependents of such officers and other employees;
 
 
 
 
(j) the provision of a seal of the Sangstha and the manner and effect of its use;
 
 
 
 
(k) the disclosure of interest, direct or indirect, of any Director or any member of a 5[committee] in any business concern;
 
 
 
 
(l) taking over the management and control of any industrial or business concern committing a breach of its agreement with the Sangstha;
 
 
 
 
(m) generally for the efficient conduct of the affairs of the Sangstha.
 
 
 
 
(3) All regulations made under this Article shall be published in the official Gazette and shall come into force on such publication.
  • 1
    The words and commas “may, with the approval of the Government, make regulations” were substituted for the words “may make regulations” by section 11 of the Bangladesh Shilpa Rin Sangstha (Amendment) Act, 1993 (Act No. IV of 1993)
  • 2
    Sub-clause (aa) was omitted by section 11 of the Bangladesh Shilpa Rin Sangstha (Amendment) Act, 1993 (Act No. IV of 1993)
  • 3
    The words “Managing Director” were substituted for the word “Chairman” by section 15 of the Bangladesh Shilpa Rin Sangstha (Amendment) Ordinance, 1977 (Ordinance No. XIV of 1977)
  • 4
    The words and comma “Chairman, Managing Director” were substituted for the words “Managing Director” by section 2 and the Schedule of the Banks and Financial Institutions Laws Amendment Act, 1980 (Act No. IX of 1980)
  • 5
    The word “committee” was substituted for the word “Committee” by section 17 of the Bangladesh Shilpa Rin Sangstha (Amendment) Ordinance, 1977 (Ordinance No. XIV of 1977)
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