Definitions
2. In this Ordinance, unless there is anything repugnant in the subject or context,—
(a) “advance” means a loan for purposes of investment;
(b) “Bangladesh Bank” means the Bangladesh Bank established under the
Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972);
(c) “Board” means the Board of Directors of the Corporation;
(d) “bond” means a bond of any description issued by any institution or by the Government;
(e) “Chairman” means the Chairman of the Board;
(f) “company” means a company as defined in 1[ section 2(d) (2(N) aviv) of ধারা) ড়ভ কোম্পানী আইন, 1994 (1994 সনের ১৮ নং
আইন], and includes a body corporate established or incorporated under any other law for the time being in force in Bangladesh;
(g) “Corporation” means the Investment Corporation of Bangladesh established under this Ordinance;
(h) “debenture” means debenture issued by any company or institution in Bangladesh in accordance with the rules for the time being applicable to the issue of debentures and includes debenture stock;
(i) “Deposit Account” means an account maintained by the Corporation of the cash deposits made with it for purposes of investment;
(j) “Director” means a Director of the Corporation;
(k) “investment” means investment in the equity or debentures and other securities of any company or institution;
(l) “Managing Director” means the Managing Director of the Corporation and includes any person for the time being authorised to discharge the functions of the Managing Director;
(m) “prescribed” means prescribed by rules or regulations;
(n) “prospectus” means a prospectus as defined in 2[ within the meaning of
কোম্পানী আইন, ১৯৯৪ (১৯৯৪ সনের ১৮ নং আইন];
(o) “regulations” means regulations made under this Ordinance;
(p) “rule” means a rule made under this Ordinance;
(q) “scheduled bank” has the same meaning as is assigned to it in the
Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972);
(r) “securities” include any note, stock, bond, debenture, evidence of indebtedness, transferable share, investment contract, certificate of deposit for a security, a certificate of interest or participation in any profit sharing agreement;
(s) “share” means share of any joint stock company registered in Bangladesh;
(t) “Shilpa Bank” means the Bangladesh Shilpa Bank established under the
Bangladesh Shilpa Bank Order, 1972 (P.O. No. 129 of 1972);
(u) “Shilpa Rin Sangstha” means the Bangladesh Shilpa Rin Sangstha established under the
Bangladesh Shilpa Rin Sangstha Order, 1972 (P.O. No. 128 of 1972);
3[ (uu) ‘Subsidiary' means a subsidiary company established under section 21A (1) of the Ordinance;]
(v) “underwriting” means contracting, with or without conditions, to purchase or subscribe for stocks, shares, bonds, debentures or other securities issued by any company or institution with a view to holding, selling or distributing the whole or part thereof.