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


37. (1) The Board may, with the previous sanction of the Government, make regulations not inconsistent with this Order 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 1[prejudice] to the generality of the foregoing power, such regulations may provide for-
(a) the calling of the meeting of the Board, fees for attending the meetings thereof and the conduct of business thereat;
(b) the manner and terms of issue and redemption of bonds and debentures by the Corporation;
(c) the conditions subject to which the Corporation may grant loans;
(d) the form and manner of determining the sufficiency of the security taken under clause (7) of Article 21;
(e) the form of returns and statements required under this Order;
(f) the recruitment of officers and staff of the Corporation, the terms and conditions of their service, the duties and conduct of such officers and staff and of the agents of the Corporation, the Constitution and management of provident funds for such officers and staff and all matters connected with any of these things;
(g) the disclosure of interest, 2[direct or] indirect of a Director of the Board in any application for loan;
(h) preparation of annual estimates of income and expenditure of the Corporation in the prescribed form and their submission to the Board and the Government for approval on prescribed date;
(i) the efficient conduct of the affairs of the Corporation generally.
(3) All regulations made under this Article shall come into force on the date specified in each case, and shall be publis in the official Gazette and shall also be laid on the table of the Parliament.

  • 1
    The word “prejudice” was substituted for the word “projudice” by section 12 of the Bangladesh House Building Finance Corporation (Amendment) Act, 1975 (Act No. XXVII of 1975)
  • 2
    The words “direct or” were substituted for the words “direct of” by section 12 of the Bangladesh House Building Finance Corporation (Amendment) Act, 1975 (Act No. XXVII of 1975)
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