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18/07/2024
Laws of Bangladesh

The Asian Reinsurance Corporation Ordinance, 1978

( Ordinance NO. XXVII OF 1978 )

Financial Provisions
3. (1) Subscription of the shares of the capital stock of the Corporation shall be arranged by the Government pursuant to provisions of Article III of the Agreement.
 
 
 
 
(2) If the Sadharan Bima Corporation participates in the purchase of the Capital stock by an arrangement made under Article III of the Agreement, it shall be paid its proportionate share of any sums received from the Corporation which are related to subscriptions made towards capital stock.

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