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The Insurance Corporations Act, 1973

( ACT NO. VI OF 1973 )

5. The authorised capital of each Corporation shall be Taka 1[twenty] crore to be subscribed by the Government from time to time according to the requirements of the Corporation and in such form and manner as may be prescribed.

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    The word “twenty” was substituted for the word “five” by section 2 of the Insurance Corporations (Amendment) Ordinance, 1986 (Ordinance No. VIII of 1986)
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