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The Rajshahi Krishi Unnayan Bank Ordinance, 1986

( Ordinance NO. LVIII OF 1986 )

Establishment of the Bank
3. (1) On the commencement of this Ordinance, there shall be established a Bank to be called the Rajshahi Krishi Unnayan Bank to carry out the purposes of this Ordinance.
(2) The Bank shall be a body corporate, having perpetual succession and a common seal with power to acquire, hold and dispose of property, both movable and immovable, and shall, by the said name, sue and be sued.
(3) The Bank shall be deemed to be a banking company for the purposes of the Banking Companies Ordinance, 1962 (LVII of 1962), and the Bangladesh Bank Order, 1972 (P.O. No. 127 of 1972), and any other law for the time being in force relating to banking companies.
(4) Notwithstanding anything contained in any of the laws mentioned in sub-section (3), the Bank may refer to the Bangladesh Bank for reconsideration of any directives issued under any of the said laws by the Bangladesh Bank and, in the event of a difference of opinion between the Bank and the Bangladesh Bank, the matter shall be referred to the Government whose decision thereon shall be final.

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