Print View

[Section Index]

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


11. No person shall be or shall continue to be a Director who-
(a) is or has at any time been convicted of an offence which, in the opinion of the Government, is an offence involving moral turpitude; or
(b) is a minor; or
(c) is found to be lunatic or of unsound mind;
(d) is or at any time has been adjudicated an insolvent or has suspended payment or compounded with his creditors; or
(e) absents himself from three consecutive meetings of the Board without leave of absence granted by the Chairman or, in the case of the Chairman, by the Government; or
(f) has any financial or other interest in any industrial concern financed by the Bank which is likely to affect prejudicially his functions as a Director; or
(g) is or becomes a salaried employee of any industrial concern financed by the Bank.

Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs