JS passes Bank Company (Amendment) Bill, 2018

The Jatiya Sangsad today passed the "Bank Company (Amendment) Bill, 2018" with a view to bringing some changes in the process of nomination to the top positions of the bank and tenure of the directors.

Finance Minister Abul Maal Abdul Muhith moved the bill in the House.

Placing the bill, he said it has been proposed that four members of a family instead of existing two can be inducted in the board of directors of a bank at a time, and a person can hold the post of a director of a bank for nine years continuously instead of current three years.

The bill would bring changes for fulfilling a long-run demand of the private bank owners particularly the promoters, the minister said.

Later, the House passed the bill with voice votes with Deputy Speaker M Fazley Rabbi Miah in the chair.

Besides, Industries Minister Amir Hossain Amu proposed the "Bangladesh Small and Cottage Industries Corporation Bill, 2016" to withdraw from the House under the rule 93 of the Rules of Procedure of the Jatiya Sangsad.

Source: BSS