The Bank Company Act (Bangladesh), 1991

Publication Date: 1991
Document Type: Other (PDF)

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How are banking companies, other than co-operative banks, regulated in Bangladesh?

This document provides the Banking Company Act of Bangladesh that came into force on 14th February, 1991, and that makes provisions for banking companies. It states that this Act shall not apply to co-operative banks or any other financial institution registered under the Cooperative Societies Ordinance.

The articles of the Act deal with the following aspects of banking companies:

• Operations;
• Prohibited activities;
• Acquisition of the undertakings;
• Suspension of business, winding up and disposal of winding up proceedings.

The final articles deal with provisions in case of violation of the Act.