give Direction & remove a Director

Section 45 power of Bangladesh bank to give direction: The direction given by Bangladesh bank will be bound to Banking Company. In the following cases BD bank may give direction,

  1. in the public interest, or
    b) to provide for the improvement of the monetary policy or banking policy, or
    c) to prevent the affairs of any banking company being conducted in a manner detrimental to the interests of the depositors or in a manner prejudicial to the interests of the banking company; or
    d) to secure the proper management of any banking company

Section 46: Power of Bangladesh bank to remove a director:

Where the Bangladesh Bank is satisfied that it is necessary to remove a chairman or director or principal executive officer, by whatever name he be called, of a banking company in order to prevent its affairs being conducted in a manner prejudicial to the interests of the banking company or its depositors or to secure in the public interest the proper management of the banking company, it may, after committing its reasons to writing, issue direction that such chairman, director or principal executive officer be removed from his office.

Section 47: Power of BD Bank to dismiss the board of Director:

if BD Bank is satisfied Bangladesh bank remove or dismiss board of director.

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