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The Investment Corporation of Bangladesh Ordinance, 1976

( Ordinance NO. XL OF 1976 )

Share capital
4. (1) The authorised share capital of the Corporation shall be Taka twenty crores divided into twenty lakh ordinary shares of Taka one hundred each:
 
 
 
 
Provided that the Government may, from time to time, increase the authorised capital.
 
 
 
 
(2) The paid-up share capital of the Corporation shall, in the first instance, be Taka five crores fully paid-up, and may, with the approval of the Government, be increased from time to time.
 
 
 
 
(3) The share capital of the Corporation shall be subscribed in the following manner, namely:ÔÇö
 
 
 
 
(a) twenty-seven per cent by the Government;
 
 
 
 
(b) twenty-four per cent by the Bangladesh Bank, the Shilpa Bank and the Shilpa Rin Sangstha in such proportion as the Government may direct;
 
 
 
 
(c) forty-nine per cent by the new banks established under the Bangladesh Banks (Nationalisation) Order, 1972 (P.O. No. 26 of 1972), the insurance companies and the general public in such proportion as the Government may direct.
 
 
 
 
(4) The shares of the Corporation shall be listed on the Stock Exchange in Bangladesh.

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