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THE INDUSTRIAL DEVELOPMENT CORPORATION ORDINANCE, 1962

(ORDINANCE NO. XXXVII OF 1962).
  Part No : Chapter No : Section No: [ 4th June, 1962  
  
     An Ordinance to establish an Industrial Development Corporation for 1[ Bangladesh].
 
    WHEREAS it is expedient to provide for the establishment of an Industrial Development Corporation for the purpose of promoting the economic and industrial development of 2[ Bangladesh] and for matters ancillary thereto;



NOW, THEREFORE, in pursuance of the Proclamation of the seventh day of October, 1958, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance:-
 
CONTENTS
 
SECTIONS
 
1. Short title, extent and commencement
2. Definitions
3. Establishment of the Corporation and its offices
4. Share Capital
5. Management
6. Appointment and term of office of Directors
7. Chairman
8. Tenure of the Chairman and Directors
9. Disqualification of Directors
10. Appointment of officers
11. Declaration of fidelity and secrecy
12. Meetings of the Board
13. Forwarding of statements, etc., to the Government
14. Delegation of Powers
15. Business which the Corporation shall transact
16. Annual Budget Statement
17. Custody and investment of Corporation Funds
18. Maintenance of accounts
19. Audit
20. Annual Report
21. Indemnity of Directors
22. Public servants
23. Power to make rules
24. Power to make regulations
25. Power to amend the Schedule
26. Winding up of the Corporation
SCHEDULE
 
 

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