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THE BANGLADESH INSURANCE (NATIONALISATION) ORDER, 1972

(PRESIDENT'S ORDER NO. 95 OF 1972).
  Part No : Chapter No : Section No: [ 8th August, 197  
  
     WHEREAS it is expedient to provide for the nationalisation of insurance business in Bangladesh by transferring all such business to certain corporations established for the purpose and to provide for the regulation and control of the business of the corporations 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. (1) In this Order, unless there
3. The provisions of this Order and
4. (1) On the commencement of this
5. (1) The authorised capital of the
6. (1) Subject to rules made under
7. (1) The Board of the controlling
8. (1) The Board of a subsidiary
9. No act or proceeding of a
10. (1) The Chairman of a Corporation
11. No person shall be or shall
12. (1) The meetings of a Board
13. Every Board may appoint such committee
14. (1) Subject to rules made under
15. (1) Subject to the provisions of
16. (1) The head office of the
17. (1) On the commencement of this
18. (1) The undertaking appertaining to the
19. (1) Every Corporation may appoint such
20. (1) Where any undertaking has vested
21. (1) Where an insurer whose undertaking
22. The Government shall give compensation to
23. (1) The controlling Corporation shall, by
24. Subject to the provisions of the
25. Every Corporation may, with the prior
26. (1) Every Corporation shall maintain proper
27. Each life subsidiary Corporation shall, once
28. (1) Every Corporation shall furnish to
29. Every subsidiary Corporation shall pay, each
30. (1) After making provision for bad
31. Except to the extent otherwise expressly
32. Where any property or right appertaining
33. The sums assured by all policies
34. No provision of law relating to
35. An insurer, being a company the
36. If any person wilfully withholds or
37. Nothing in this Order shall apply
38. No suit, prosecution or other legal
39. Any dispute between the controlling Corporation
40. The Government may, by general or
41. The provisions of the Insurance Act,
42. If any difficulty arises in giving
43. (1) The Government may, by notification
44. (1) Every Corporation may, with the
SCHEDULE
 
 

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