ICB Bill, 2014 placed in JS

The Investment Corporation of Bangladesh (ICB) Bill, 2014 was placed in Parliament Monday with a proposal to set up a corporation to be named as ICB. Finance Minister AMA Muhith introduced the bill in the House. According o the bill, the corporation would be considered as a banking company after having license under the Bank Company Act. The bill proposed for making specific rules on setting up its head office and branch offices, formation of board of directors and executive committee, appointment of managing director and directors, eligibility of shareholders and conducting audit. Later, the bill was sent to the Parliamentary Standing Committee on the Ministry of Finance for scrutiny, according to a news agency.