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The Bangladesh Shilpa Bank Order, 1972 (President's Order)


4. (1) On the commencement of this Order, there shall be established a Bank to be called the Bangladesh Shilpa Bank for the purposes of this Order.
(2) The Bank shall be a body corporate having perpetual succession and a common seal with power, subject to the provisions of this Order, to acquire, hold and dispose of property, both movable and immovable, and to contract, and shall by the said name sue and be sued.
(3) The Bank shall be deemed to be a banking company for the purposes of Banking Companies Ordinance, 1962 (Ord. LVII of 1962), and the 1[Bangladesh Bank Order, 1972
(President's Order No. 127 of 1972)], and any other law for the time being in force relating to banking companies.

  • 1
    The words, comma, figures and brackets “Bangladesh Bank Order, 1972 (President’s Order No. 127 of 1972)” were substituted for the words, comma, figures, brackets and letters “State Bank Act, 1956 (Act XXXIII of 1956), read with the Bangladesh Bank Temporary) Order, 1971 (A. P. O. No. 2 of 1971)” by section 2 and the Schedule of the Banks and Financial Institutions Laws Amendment Act, 1980 (Act No. IX of 1980)
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