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  Part No : Chapter No : Section No: [ 26th March, 1972  
     WHEREAS it is expedient to provide for the establishment of a Corporation for the purpose of operation, promotion and development of coastal and inland shipping and water transport services and for the vesting in that Corporation of the assets and liabilities of the East Pakistan Shipping Corporation and of certain companies, firms and individuals carrying on coastal and inland Shipping and water transport business in Bangladesh and for matters connected therewith or incidental thereto;
    NOW, THEREFORE, in pursuance of the Proclamation of Independence of Bangladesh, read with the Provisional Constitution of Bangladesh Order, 1972, and in exercise of all powers enabling him in that behalf, the President is pleased to make the following Order:-
1. (1) This Order may be called
2. In this Order, unless there is
3. (1) On the coming into force
4. [(1) The authorised capital of the
5. (1) Subject to the rules and
6. (1) The Board shall consist of
7. (1) The Chairman and the other
8. No person shall be or shall
9. The Chairman and the other Directors
10. (1) The meetings of the Board
11. The Board may appoint such committee
12. (1) It shall be the function
13. The Corporation may open deposit accounts
14. The Corporation may invest its funds
15. The Corporation may, with the prior
16. (1) The Corporation shall maintain proper
17. (1) The Corporation shall furnish to
18. The Corporation shall, by such date
19. After making provision for bad and
20. The Board may, by general or
21. (1) Every Director shall be indemnified
22. No provision of law relating to
23. Notwithstanding anything contained in any other
24. If, after assessment of the assets
25. (1) The Corporation may appoint such
26. The Government may, by notification in
27. (1) The Board may, with the
28. The East Pakistan Shipping Corporation Ordinance,

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