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THE BANGLADESH SHILPA RIN SANGSTHA ORDER, 1972

(PRESIDENT'S ORDER NO. 128 OF 1972).
  Part No : Chapter No : Section No: [ 31st October, 1972  
  
     WHEREAS it is expedient to establish a Sangstha to provide credit facilities and other assistance to industrial concerns and encourage and broaden the base of investment in Bangladesh and to provide for the vesting in the Sangstha of the undertakings of the Pakistan Industrial Credit and Investment Corporation Limited, the Investment Corporation of Bangladesh and the National Investment Trust Limited 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 head office of the
[6. The authorised capital of the Sangstha
7. (1) Subject to rules made under
8. [(1) The Board shall consist of
[9. (1) The Managing Director and other
10. (1) The Managing Director shall be
11. No person shall be or shall
[11A. [(1) The Government shall appoint one
12. (1) The meetings of the Board
13. The Board may appoint such committee
14. All acts done by the Chairman
[15. (1) Every Director, officer or employee
16. The Sangstha may carry on, transact
17. [(1) The business provided for in
18.[Omitted]
19. (1) The Sangstha shall not undertake
20. On the commencement of this Order,
21. (1) The undertaking of any of
22. (1) The Sangstha may [, subject
23. (1) Where any property has vested
24. The Government shall give compensation to
25. The Sangstha shall, by such date
[26. (1) The Sangstha may issue and
27. (1) For the purpose of transacting
28. [(1)] All loans granted to an
29. (1) The Sangstha shall maintain proper
30. (1) The Sangstha shall furnish to
31. (1) The Sangstha shall establish a
[31A. The Sangstha may establish a fund
32. Notwithstanding any agreement to the contrary,
32A.[Omitted]
33. [(1) Where] the Sangstha becomes entitled
34. (1) Where any industrial concern which
35. (1) Without prejudice to the provisions
36. The Board may, for the purpose
[36A. The Board may, for the purpose
37. (1) Whoever wilfully makes a false
38. (1) Anything done, action taken, order
39. No provision of law relating to
[39A. (1) Notwithstanding anything contained in this
40. Any reference to the Credit and
41. If any difficulty arises in giving
42. The Government may, by notification in
43. (1) The Board [may, with the
44. The Credit and Investment Corporation and
45. The Investment Corporation Ordinance, 1966 (Ordinance
 
 

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