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THE BANGLADESH BIMAN CORPORATION ORDINANCE, 1977

(ORDINANCE NO. XIX OF 1977).
  Part No : Chapter No : Section No: [ 9th June, 1977  
  
     An Ordinance to provide for the establishment of the Bangladesh Biman Corporation.
 
    WHEREAS it is expedient to provide for the establishment of a Corporation for the purpose of ensuring proper operation and development of air transport services and for matters connected therewith;



NOW, THEREFORE, in pursuance of the Proclamations of the 20th August, 1975, and 8th November, 1975, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance:-
 
CONTENTS
 
SECTIONS
 
1. Short title
2. Definitions
3. Establishment of the Corporation
4. Head office, etc
5. Authorised Capital
6. Shares to be approved securities
7. Functions of the Corporation
8. Management
9. Board of Directors
10. Managing Director
11. Disqualifications of Directors
12. Meetings of the Board
13. Appointment of committees, etc
14. Appointment of officers, etc
15. Delegation of powers
16. Investment in securities
17. Borrowing powers
18. Budget
19. Accounts and audit
20. Reports, etc.
21. Programme of operation, etc.
22. Annual general meeting
23. Reserve fund
24. Formation of new companies
25. Indemnity of Directors
26. Protection of action taken in good faith
27. Public servants
28. Winding up of the Corporation
28A. Conversion of the corporation into a public limited company
29. Power to make rules
30. Power to make regulations
31. Repeal and savings
 
 

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