Imrul Hossain for DOT
[2] The capital of House Building Finance Corporation is increasing, reports BSS.
[3] The resolution came as the cabinet reviewed a draft law relating to House Building Finance Corporation and decided to endorse it keeping the original timeline of its enactment as a presidential order in 1973.[4] The amended law would now be called “The Bangladesh House Building Finance Corporation (Amendment) Order, 1973″ while it was tabled as The Bangladesh House Building Finance Corporation (Amendment) Act, 2020”.
[5] Under the amended law the authorised and paid up capital for the organisation was re-fixed to Taka 1000 crore and Taka 500 crore for which the length of its activities would be extended as well.[6] The draft law simultaneously suggested tougher punitive actions up to five years of imprisonment and fine up to Taka five lakh for commuting offence within its purview while the pervious provisions of such actions were very lenient.
[7] The premier joined the virtual meeting from her official Ganabhaban residence while her cabinet colleagues were connected from the Bangladesh Secretariat here.