From Boston Herald By Jordan Graham November 5, 2013 Bitcoin — the digital currency produced...
Banking Companies (Amendment) Act No. 13
(enacted in 1993)
The Banking Companies (Amendment) Act of 1993 amends the Banking Companies Act of 1991 in Bangladesh, which can be found under “Related Laws/Regulations”. Among other changes, it makes amendments to the following aspects of the banking law:
- Definition of a creditor;
- Replacement of the term “modareka” with “mudaraba”;
- Definition of paid-up and reserve fund;
- Restrictions on buying shares of a bank;
- Management of a banking company; and
- Special audits on any activities of a banking company as deemed necessary by the Bangladesh Bank.