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The Bangladesh House Building Finance Corporation Order, 1973 (President's Order).


1[9. (1) No person shall be or shall continue to be a Chairman or Director who-

(a) is not a citizen of Bangladesh;

(b) is subject to a disqualification imposed by or under any law for the time being in force to hold any public office;

(c) is or has at any time been convicted of an offence involving moral turpitude;

(d) is or has at any time been adjudged insolvent;

(e) is found to be a lunatic or becomes of unsound mind; or

(f) is or has been absent from three consecutive meetings of the Board without leave of absence of the Government in the case of Chairman or of the Chairman in the case of a Director.

(2) The Government may remove the Chairman or any Director from the Board, if-

(a) he refuses, or fails to discharge, or becomes, in the opinion of the Government, incapable of discharging his responsibilities under this Order;

(b) the government is satisfied that he is abusing or has abused his powers; and

(c) he has knowingly acquired or continued to hold, without the permission in writing of the Government, directly or indirectly or through a partner any share or interest in any contract or employment with or by or on behalf of the corporation, or in any land or property which, in his knowledge, is likely to benefit him or has benefited him as a result of the operation of the Corporation.

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    Article 9 was substituted by section 9 of Bangladesh House Building Finance Corporation (Amendment) Act, 2021 (Act No. XXV of 2021).
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Ministry of Law, Justice and Parliamentary Affairs