Print

06/12/2022
Laws of Bangladesh

The Bangladesh Banks (Nationalisation) Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 26 OF 1972 )

5. 1[ (1) The paid-up capital and reserve capital of every new bank shall be not less than, that required to be maintained under section 13 of ব্যাংক কোম্পানী আইন, ১৯৯১ (১৯৯১ সনের ১৪ নং আইন) which shall be subscribed by the Government in such form and manner as may be determined by the Government] 2[ :
 
 
 
Provided that the Government may, by notification in the official Gazette, increase, from time to time, the amount of authorised capital or subscribed capital or both of any new bank if such increase is considered necessary in the interest of the business of the bank.]
 
 
3[ (2) The entire capital of each new bank shall stand vested in, and allotted to, the Government.]

  • 1
    Clause 1 was substituted by section 2 of the Bangladesh Bank (Nationalisation) (Amendment) Act, 2003 (Act No. X of 2003)
  • 2
    The colon (:) was substituted for the full-stop (.) and the proviso was inserted by section 2 of the Bangladesh Banks (Nationalisation) (Amendment) Act, 1980 (Act No. VI of 1980)
  • 3
    Clause 2 was substituted by section 2 of the Bangladesh Bank (Nationalisation) (Amendment) Act, 2003 (Act No. X of 2003)
Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs