Transfer of functions, etc.
25. Notwithstanding anything contained in any other law for the time being in force or in any contract, deed or agreement or in any other instrument, upon the establishment of the Board all functions relating to handloom and handloom manufacture of the Bangladesh Handloom Goods Export Corporation Limited, a company under the Companies Act, 1913 (VII of 1913), shall stand transferred to the Board and all shares of the Bangladesh Jatiya Samabaya Shilpa Samiti Ltd. in the said Corporation held by the shareholders of the said Shilpa Samiti shall, on payment by the Board of the par value of the shares allotted to and paid by such shareholders, stand transferred to, and vest in, the Board.
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Ministry of Law, Justice and Parliamentary Affairs