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The Investment Corporation of Bangladesh Ordinance, 1976

( Ordinance NO. XL OF 1976 )

[ 22nd June, 1976 ]

An Ordinance to establish an Investment Corporation.

 
 
 

WHEREAS it is expedient to establish an Investment Corporation to encourage and broaden the base of investments, develop the capital market and mobilise savings and to provide for matters ancillary thereto;

 
 
 
 

NOW, THEREFORE, in pursuance of the Proclamations of the 20th August, 1975, and the 8th November, 1975, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance:—

 
 
 

Short title and extent
1. (1) This Ordinance may be called the Investment Corporation of Bangladesh Ordinance, 1976.
 
 
 
 
(2) It shall extend to the whole of Bangladesh and shall also apply to the business of the Corporation transacted outside Bangladesh.
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