Print

06/10/2024
Laws of Bangladesh

The Bangladesh Industrial Enterprises (Nationalisation) Order, 1972 (President's Order)

( PRESIDENT'S ORDER NO. 27 OF 1972 )

[ 26th March, 1972 ]

 
 
5. 1[Notwithstanding anything contained in any memorandum or articles of association of any scheduled industrial enterprises or, as the case may be, the industrial enterprises placed under a Corporation by an order under clause (1) of Article 10, or in any charter, agreement, contract or other
 
 
 
 
 
 
instrument whatsoever, the Government may, in respect of any such industrial enterprise,-]
 
 
 
 
(a) 2[* * *] take such measures and do such things as it deems necessary or expedient for the purpose of efficient running of such industrial enterprise;
 
 
 
 
(b) dissolve the Board of Directors of such industrial enterprises and appoint new Directors;
 
 
 
 
(c) terminate any managing agency agreement in respect of such industrial enterprise; and
 
 
 
 
(d) modify or amend the memorandum or articles of association or any charter, agreement, contract or instrument of such industrial enterprise.
  • 1
    The first paragraph was substituted by Article 2(2) of the Bangladesh Industrial Enterprises (Nationalisation) (Sixth Amendment) Order, 1972 (President’s Order No. 145 of 1972)
  • 2
    The words and commas “the Government may, in respect of any scheduled industrial enterprise,” were omitted by Article 2 of the Bangladesh Industrial Enterprises (Nationalisation) (Fifth Amendment) Order, 1972 (President’s Order No. 131 of 1972)
Copyright © 2019, Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and Parliamentary Affairs