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THE BANGLADESH SHILPA BANK ORDER, 1972

(PRESIDENT'S ORDER NO. 129 OF 1972).
  Part No : Chapter No : Section No: [ 31st October, 1972  
  
     WHEREAS it is expedient to establish a Shilpa Bank to provide credit facilities and equity support to industrial concerns in Bangladesh and to provide for the vesting in that Bank of the undertakings of the Industrial Development Bank of Bangladesh and the Equity Participation Fund 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. (1) The authoirsed capital of the
7. (1) Subject to rules made under
8. [(1) The Board shall consist of
[9. (1) The Managing Director shall hold
10. (1) The Managing Director [* *
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. (1) The Bank may carry on
17. [(1) The business provided for in
18.[Omitted]
19. (1) The Bank shall not undertake
20. On the commencement of this Order,
21. (1) The undertaking of the Development
22. (1) The Bank may [, subject
23. (1) Where any property has vested
24. The Government shall give compensation to
25. The Bank shall, by such date
[26. (1) The Bank may issue and
27. (1) For the purpose of transacting
28. [(1)] All loans granted to an
29. (1) The Bank shall maintain proper
30. (1) The Bank shall furnish to
31. (1) The Bank shall establish a
[31A. The Bank may establish a fund
32. Notwithstanding any agreement to the contrary,
[32A. (1) The annual ordinary general meeting
33. (1) Where the Bank 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. No provision of law relating to
[38A. (1) Notwithstanding anything contained in this
39. Any reference to the Development Bank
40. If any difficulty arises in giving
41. All laws relating to banker and
42. (1) Anything done, action taken, order
43. The Government may, by notification in
44. (1) The Board may [* *
45. The Industrial Development Bank Ordinance, 1961
 
 

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