ICB Bill passed in JS

A bill, titled 'Investment Corporation of Bangladesh Bill, 2014', was passed in the parliament by voice vote Tuesday aiming to promote investment, develop capital market and savings in the country, reports  UNB.
Finance Minister AMA Muhith on Tuesday piloted the Bill in the House.
The bill will replace the Investment Corporation of Bangladesh Ordinance, 1976.
According to the objective of the Bill, the ordinance promulgated during the martial law regime was scrapped by a Supreme Court verdict.The Bill says, "There'll be a 10-member board of the Investment Corporation of Bangladesh and its head office will be in Dhaka. The Corporation may establish such regional and other offices, branches and agencies as the Board deems fit subject to approval of the government."
The authorised share capital of the Corporation shall be Tk 10 billion (1000 crore) divided into 1.0 billion (100 crore) ordinary shares of Tk 10 each. Provided that the government may, from time to time, increase the authorised capital.