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THE BANGLADESH HOUSE BUILDING FINANCE CORPORATION ORDER, 1973

(PRESIDENT’S ORDER NO. 7 OF 1973).
  Part No : Chapter No : Section No: [ 3rd February, 1973  
  
     WHEREAS it is expedient to provide for the establishment of the Bangladesh House Building Finance Corporation for the purposes of providing financial facilities for the construction, repair and remodelling of houses 1[ at any place] in Bangladesh.
 
    NOW, THEREFORE, 2[ in pursuance of] paragraph 3 of the Fourth Schedule to the Constitution of the People’s Republic of Bangladesh 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. (1) A Corporation to be called
4. (1) The authorised capital of the
5. (1) The general direction and administration
6. (1) The Managing Director shall be
7. (1) The Board shall consist of
8. (1) A Director shall hold office
9. No person shall be or shall
10. A person shall cease to be
[10A. (1) The Government shall appoint one
11. (1) The Corporation may [, subject
12. The Corporation may appoint a Standing
13. (1) The meetings of the Board
14. The non-official Director, if any, shall
15. The Corporation shall have its Head
16. The Corporation may open deposit accounts
17. The Corporation may invest its funds
18. (1) The Corporation may, with the
19. (1) The Corporation may accept deposits
20. Subject to the provisions of this
21. (1) No loan shall be made
[22. The Corporation shall not grant any
23. (1) The Corporation shall make such
24. The Corporation shall not- (a) accept
25. Notwithstanding any agreement to the contrary,
26. (1) When a borrower or his
27. (1) Where by reason of the
28. The Corporation shall be deemed to
29. After making provision for bad and
[29A. For purposes of the Income Tax
30. (1) The accounts of the Corporation
31. (1) The Corporation shall furnish to
32. No provision of law relating to
33. (1) Every Director shall be indemnified
34. Every Director, auditor, officer or servant
35. (1) Whoever wilfully makes a false
36. The Government may make rules not
37. (1) The Board may, with the
38. Notwithstanding anything contained in any other
39. The House Building Finance Corporation Act,
SCHEDULE
 
 

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