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THE BANGLADESH BANK ORDER, 1972

(PRESIDENT'S ORDER NO. 127 OF 1972).
  Part No : Chapter No : Section No: [ 31st October, 1972  
  
     1[ WHEREAS, it is necessary to establish a central bank in Bangladesh to manage the monetary and credit system of Bangladesh with a view to stabilising domestic monetary value and maintaining a competitive external par value of the Bangladesh Taka towards fostering growth and development of country’s productive resources in the best national interest;]
 
    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
 
CHAPTER I
PRELIMINARY
1. (1) This Order may be called
2. In this Order, unless there is
CHAPTER II
ESTABLISHMENT, INCORPORATION, CAPITAL AND MANAGEMENT
3. (1) There shall be a bank
4. (1) The capital of the Bank
5. (1) On the appointed day the
6. (1) All suits, appeals, or other
7. Subject to the provisions of this
[7A. The main functions of the Bank
8. (1) The Head Office of the
9. [* * *] (2) [The general
[9A. (1) There shall be a Council
10. (1) The Governor of the Bank
11. (1) Meetings of the Board shall
12. [(1) There shall be an Executive
13. (1) No person shall be or
14. (1) The Directors nominated under sub-clause
15. (1) The Government may remove from
CHAPTER III
BUSINESS AND FUNCTIONS OF THE BANK
16. The Bank is authorised to carry
17. (1) Where, in the opinion of
[18. The Bank shall by notification in
19. The Bank shall not, except as
20. (1) The Bank shall undertake to
21. The Bank shall make public from
[22. The Bank shall sell to or
23. (1) The Bank shall have the
24. (1) Subject to the provisions of
25. Notwithstanding anything contained in Article 24
26. (1) The issue of Bank Notes
27. Bank Notes made and issued by
28. The Bank shall not reissue Bank
29. Notwithstanding anything contained in any enactment
30. (1) The assets of the Issue
31. Notwithstanding anything contained in the foregoing
32. (1) The liabilities of the Issue
33. (1) The Bank shall issue Taka
34. The Government shall not re-issue any
35. (1) No person in Bangladesh other
36. [(1) Every scheduled bank shall maintain
37. (1) The Bank shall maintain at
38. The Bank may require any Corporation
[38A. The Governor shall at least once
[39. The Bank shall compile and publish
40. (1) The Bank shall prepare and
41. (1) No suit or other legal
CHAPTER IV
COLLECTION AND FURNISHING OF CREDIT INFORMATION
42. In this Chapter, unless the context
43. The Bank may- (a) collect, in
44. (1) For the purpose of enabling
45. (1) A banking company may, in
46. (1) Any credit information contained in
47. No person shall have any right,
48. (1) If any banking company- (a)
CHAPTER V
[PROVISIONS RELATING TO NON-BANKING INSTITUTIONS RECEIVING DEPOSITS AND FINANCIAL INSTITUTIONS
Omitted
CHAPTER VI
GENERAL
59. Securities of the value of Taka
60. (1) The Bank may establish and
61. The Bank may establish and maintain
62. (1) The Bank may establish and
63. (1) The Bank may establish and
64. After making provision for bad and
65. (1) Not less than two Auditors
66. Without prejudice to anything contained in
67. (1) Every Auditor shall be supplied
68.[Omitted]
69. The Research Department and the Statistics
[70. The Bank may subject to approval
71. (1) For the purposes of section
72. Notwithstanding anything contained in any law
73. The Bank shall not be liable
[74. The Bank shall not be liable
75. Notwithstanding anything contained in the Income-tax
76. The Bank shall not be placed
77. (1) If in the opinion of
78. (1) Except in the performance of
79. (1) The Governor may, by general
80. (1) The Bank may, notwithstanding anything
81. Whenever the Bank anticipates economic disturbances
82. (1) [The Board] may make regulations
83. In all laws mentioned in this
84. (1) The State Bank Act, 1956
 
 

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