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The Bangladesh Krishi Bank Order, 1973 (President's Order)

( PRESIDENT'S ORDER NO. 27 OF 1973 )

18. (1) The Bank shall not undertake any kind of business other than that authorised by or under this Order and, in particular, it shall not –
 
 
 
 
(a) discount or buy or advance or lend or open any credit on the security of any negotiable instrument payable in the town or at the place where it is presented for discount, which does not carry on it the several responsibilities of at least to persons unconnected with each other;
 
 
(b) purchase or subscribe to shares of any company or other body corporate or otherwise acquired any such share except in the course of the satisfaction of any of its claims;
 
 
 
 
(c) engage in trade or otherwise have a direct interest in any commercial, industrial or other undertaking, except such interest as it may in any way acquire in the course of the satisfaction of its claims.
 
 
 
 
(2) Any share or interest acquired under sub-clause (b) or sub-clause (c) of clause (1) shall be disposed of by the Bank as early as possible.

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