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18/08/2022
Laws of Bangladesh

The Foreign Private Investment (Promotion and Protection) Act, 1980

( ACT NO. XI OF 1980 )

Definitions
2. (1) In this Act, unless there is anything repugnant in the subject or context,-
 
 
 
 
(a) “foreign capital” means capital invested in Bangladesh in any industrial undertaking by a citizen of any foreign country or by a company incorporated outside Bangladesh, in the form of foreign exchange, imported machinery and equipment, or in such other form as the Government may approve for the purpose of such investment;
 
 
 
 
(b) “foreign private investment” means investment of foreign capital by a person who is not a citizen of Bangladesh or by a company incorporated outside Bangladesh, but does not include investment by a foreign Government or an agency of foreign Government;
 
 
 
 
(c) “industrial undertaking” means an industry, establishment or other undertaking engaged in the production or processing of any goods, or in the development and extraction of such mineral resources or products, or in the providing of such services, as may be specified in this behalf by the Government.
 
 
 
 
(2) Words and expressions used but not defined in this Act shall have the same meaning as in the Companies Act, 1913 (VII of 1913).

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