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THE BANGLADESH BANKS (NATIONALISATION) ORDER, 1972

(PRESIDENT'S ORDER NO. 26 OF 1972).
  Part No : Chapter No : Section No: [ 26th March, 1972  
  
     WHEREAS it is expedient to provide for the taking over of the undertaking of certain banks in Bangladesh and for matters connected therewith or incidental thereto;
 
    NOW, THEREFORE, in pursuance of the Proclamation of Independence of Bangladesh, read with the Provisional Constitution of Bangladesh Order, 1972, and in exercise of all powers enabling him in that behalf, the President is pleased to make the following Order:-
 
CONTENTS
 
SECTIONS
 
1. (1) This Order may be called
2. In this Order, unless there is
3. The provisions of this Order and
4. (1) On the commencement of this
5. [(1) The paid-up capital and reserve
6. On the commencement of this Order,
7. (1) The undertaking of each existing
[7A. Notwithstanding anything contained in Article 6
7B. Nothing in Article 6 or Article
8. (1) The Government shall give compensation
9. (1) The general superintendence, direction and
10. The Board shall consist of the
11. [(1) The Managing Director shall be
[11A. [(1) The Government may appoint one
[12. (1) Subject to other provisions of
13. No person shall be, or shall
14. (1) If a Director becomes subject
15. A Director, other than the Managing
[15A. (1) The Government shall appoint one
16. The Board may constitute from amongst
17. (1) The meetings of the Board
18. Every Director shall, before entering upon
19. (1) All acts done by the
20. (1) The Managing Director and every
21. (1) Every new bank shall carry
[21A. (1) A new bank may, if
22. (1) A new bank shall not
23. (1) Every new bank may, subject
24. (1) The accounts of every new
25. After making provision for bad and
26. Any reference to any existing bank
27. No provision of law relating to
[27A. (1) Notwithstanding anything contained in this
28. The Government may, by notification in
29. (1) The Board of any new
30. If any difficulty arises in giving
31. All laws relating to banker and
32. (1) The existing banks shall stand
SCHEDULE
 
 

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