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THE BANGLADESH SMALL AND COTTAGE INDUSTRIES CORPORATION ACT, 1957
(EAST PAKISTAN ACT NO. XVII OF 1957). |
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An Act to establish a Corporation for the purpose of promoting the development of
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small and cottage industries in Bangladesh].
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WHEREAS it is expedient to establish a Corporation for the purpose of promoting the development of
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small and cottage industries in Bangladesh];
It is hereby enacted as follows:- |
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| CONTENTS |
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| SECTIONS |
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1. Short title, extent and commencement
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2. Interpretation
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3. Establishment and incorporation of Corporation
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4. Share capital and shareholders
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5. Guarantee by Government
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6. Management
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7. Composition of Board
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8. Term of office of Directors
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9. Chairman
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10. Finance Director
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11. Disqualification of Directors
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12. Vacancies etc. not to invalidate act or proceeding of the Board
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13. Appointment of officers, etc.
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14. [Omitted.]
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15. Technical Advisory Committee
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16. Restriction on disclosure of information
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17. Meeting of the Board
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18. [Omitted.]
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19. Offices
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20. Deposit accounts
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21. Investment of funds
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22. Borrowing power
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23. Deposits
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24. Functions of the Corporation
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24A. Registration of small and cottage industries, etc.
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24AA. Power of the Corporation to enter into agreements with financial institutions
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25. [Omitted.]
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26. Security for loans or subscriptions
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26A. Exemption from taxes
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27. Interest on loans
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28. [Omitted.]
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29. Power to impose conditions
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30. Prohibited business
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31. Loans in foreign currency
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32. Power to demand immediate payment of the entire sum
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33. Certification of sums recoverable
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34. Special Provisions for enforcement of claims of the Corporation
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35. Act XVIII of 1891 to apply to the books of the Corporation
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36. Disposal of profit
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37. General meetings
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38. Audit
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39. Returns
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40. Liquidation of Corporation
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41. Indemnity of Directors
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42. Declaration of fidelity and secrecy
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42A. Public servants
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43. Provision relating to income-tax and super-tax
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44. Offences
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45. Power of Government to make rules
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46. Power of the Board to make regulations
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| SCHEDULE
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Copyright © 2010,
Legislative and Parliamentary Affairs Division
Ministry of Law, Justice and
Parliamentary Affairs |
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