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18/07/2024
Laws of Bangladesh

The Bangladesh House Building Finance Corporation Order, 1973 (President's Order).

( PRESIDENT'S ORDER NO. 7 OF 1973 )

24. The Corporation shall not-
 
 
 
 
(a) accept any deposits except as provided by this Order; or
 
 
 
 
(b) subscribe directly to the shares or stock of any company; or
 
 
 
 
(c) undertake construction, repairing or re-modelling of houses except with prior approval of the Government. Provided that nothing in clause (b) shall affect the right of the Corporation to acquire the shares or stock of any company accepted as security from the borrower.

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