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The Grameen Bank Ordinance, 1983

( Ordinance NO. XLVI OF 1983 )

Paid-up share capital
7. (1) The initial paid-up share capital of the Bank shall be taka 1[seven crore and twenty lakh] which shall be subscribed as follows:-
(a) 25% by the Government or by any organisation or body set up, managed or controlled by the Government, as may be determined by it; and
(b) 75% by borrowers of the Bank.
(2) The Government may increase the paid-up share capital of the Bank from time to time.
(3) Shares held by a borrower may be transferred to another borrower of his class.

  • 1
    The words “seven crore and twenty lakh” were substituted for the words “three crore” by sectoin 2 of the Grameen Bank (Amendment) Ordinance, 1986 (Ordinance No. LI of 1986)
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