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Bangladesh Biman Corporation (Amendment) Act, 1987

The following Act of Parliament received the assent of the President on the 18th July, 1987 (1st Shravan, 1394) and is hereby published for general information

An Act made to amend the Bangladesh Biman Corporation Ordinance, 1977

Whereas it is expedient to amend the Bangladesh Biman Corporation Ordinance, 1977 (XIX of 1977);

Now, therefore, it is hereby enacted as follows:-
1. Short title.- This Act may be called the Bangladesh Biman Corporation (Amendment) Act, 1987.

2. Amendment of section 5 of Ord. XIX of 1977.- In section 5 of the Bangladesh Biman Corporation Ordinance, 1977 (XIX of 1977), for sub-section (1) the following sub-section shall be substituted, namely:-

"(1) The authorised share capital of the Corporation shall be two hundred crore taka divided into two crore shares of one hundred taka each:    Provided that the Government may increase the authorised share capital of the  Corporation from time to time and shall divide the increased share capital into required number of shares of one hundred taka each".