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THE BANGLADESH SMALL AND COTTAGE INDUSTRIES CORPORATION ACT, 1957

(EAST PAKISTAN ACT NO. XVII OF 1957).
  Part No : Chapter No : Section No: [ 21st May, 1957  
  
     1 An Act to establish a Corporation for the purpose of promoting the development of 2[ small and cottage industries in Bangladesh].
 
    WHEREAS it is expedient to establish a Corporation for the purpose of promoting the development of 3[ small and cottage industries in Bangladesh];



It is hereby enacted as follows:-
 
CONTENTS
 
SECTIONS
 
1. Short title, extent and commencement
2. Interpretation
3. Establishment and incorporation of Corporation
4. Share capital and shareholders
5. Guarantee by Government
6. Management
7. Composition of Board
8. Term of office of Directors
9. Chairman
10. Finance Director
11. Disqualification of Directors
12. Vacancies etc. not to invalidate act or proceeding of the Board
13. Appointment of officers, etc.
14. [Omitted.]
15. Technical Advisory Committee
16. Restriction on disclosure of information
17. Meeting of the Board
18. [Omitted.]
19. Offices
20. Deposit accounts
21. Investment of funds
22. Borrowing power
23. Deposits
24. Functions of the Corporation
24A. Registration of small and cottage industries, etc.
24AA. Power of the Corporation to enter into agreements with financial institutions
25. [Omitted.]
26. Security for loans or subscriptions
26A. Exemption from taxes
27. Interest on loans
28. [Omitted.]
29. Power to impose conditions
30. Prohibited business
31. Loans in foreign currency
32. Power to demand immediate payment of the entire sum
33. Certification of sums recoverable
34. Special Provisions for enforcement of claims of the Corporation
35. Act XVIII of 1891 to apply to the books of the Corporation
36. Disposal of profit
37. General meetings
38. Audit
39. Returns
40. Liquidation of Corporation
41. Indemnity of Directors
42. Declaration of fidelity and secrecy
42A. Public servants
43. Provision relating to income-tax and super-tax
44. Offences
45. Power of Government to make rules
46. Power of the Board to make regulations
SCHEDULE
 
 

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