The Bangabandhu National Agriculture Award Fund Ordinance, 1976
An Ordinance to establish the 1Bangabandhu National Agriculture Award Fund.
An Ordinance to establish the 1Bangabandhu National Agriculture Award Fund. WHEREAS it is expedient to establish a fund for the institution of national awards to promote the cause of agricultural development and to provide incentive and encouragement to efforts made in this direction, and for matters ancillary thereto; NOW, THEREFORE, in pursuance of the Proclamations of the 20th August, 1975, and the 8th November, 1975, and in exercise of all powers enabling him in that behalf, the President is pleased to make and promulgate the following Ordinance:-
Section 1. Short title
This Ordinance may be called the 2Bangabandhu National Agriculture Award Fund Ordinance, 1976.
Section 2. Definitions
In this Ordinance, unless there is anything repugnant in the subject or context,-
Section 3. Establishment of the Fund
(1) There shall be established a fund to be called the National Agriculture Award Fund.
(2) To the credit of the Fund shall be placed-
(3) The moneys credited to the Fund shall be held by the Board in trust and shall be kept in a bank.
Section 4. The Board of Trustees
(1) There shall be set up a board to be known as the Board of Trustees of the National Agriculture Award Fund which shall consist of the following Trustees, namely:-
4(aaaa) two Members of Parliament to be nominated by the Government;
(2) The Board shall be a body corporate having perpetual succession and a common seal with power, subject to the provisions of this Ordinance, to acquire, hold and dispose of property, both movable and immovable, and shall by the aforesaid name sue or be sued.
Section 5. Institution of Awards
(1) The Board shall institute one or more national awards to be called the National Agriculture Award.
(2) The Award shall be made annually and shall carry a citation and such amount in cash as may be determined by the Board from time to time.
(3) The cash amount of the Award shall be paid out of the moneys of the Fund.
6(4) The Award may be granted to any person or organisation including a co-operative society who or which has-
(5) In any year the Award may be divided between two or among more persons or organisations if, in the opinion of the Board, all such persons or organisations are eligible for the Award.
(6) If, in the opinion of the Board, there is no suitable person or organisation for the Award in any year, the Board may withhold the Award for that year.
Section 6. Power of the Board
The Board shall have power-
Section 7. Meetings of the Board
The meetings of the Board shall be held on such date and at such time and places and in such manner as may be prescribed by rules:
Provided that until rules are made in this behalf, the meetings of the Board shall be held as and when convened by the Chairman.
Section 8. Audit
The accounts of the Fund shall be audited by not less than two auditors being chartered accountants within the meaning of the Bangladesh Chartered Accountants Order, 1973(P.O. No. 2 of 1973), who shall be appointed by the Board.
Section 9. Power to make rules
(1) The Board may make rules for carrying out the purposes of this Ordinance.
(2) In particular, and without prejudice to the generality of the foregoing provision, such rules may provide for all or any of the following matters, namely:-
Section 10. Repeal, etc.
(1) The P.O. No. 29 of 1973 is hereby repealed.
(2) Upon repeal of the said P.O. all assets and moneys acquired thereunder shall become the assets of the Board of Trustees and moneys of National Agriculture Award Fund under this Ordinance.