{ "act_title": "The Asian Development Bank Order, 1973 (President's Order)", "act_no": "3", "act_year": "1973", "publication_date": "19/07/2025", "sections": [ { "section_content": "1. (1) This Order may be called the Asian Development Bank Order, 1973.(2) It extends to the whole of Bangladesh.(3) It shall come into force at once." }, { "section_content": "2. In this Order, unless there is anything repugnant in the subject or context,-(a)\t“Agreement” means the Agreement Establishing the Asian Development Bank dated 4th December, 1965;(b)\t“Bank” means the Asian Development Bank established under the Agreement;(c) \t“Government” means the Government of the People's Republic of Bangladesh." }, { "section_content": "3. (1) There shall be paid out of the Consolidated Fund all such sums as may, from time to time, be required for the purpose of paying-(a)\tthe subscriptions payable by the People's Republic of Bangladesh to the Bank under paragraphs 1, 2 and 3 of Article 5 of the Agreement;(b) \tany commissions, fees or other charges payable by the People's Republic of Bangladesh to the Bank under Article 16 of the Agreement; and(c) \tany sum payable by the People's Republic of Bangladesh under paragraph 1 of Article 25 of the Agreement.(2) The Government may, if it thinks fit so to do, create and issue to the Bank, in such form as it thinks fit, any such non-interest bearing and non-negotiable notes or other obligations as are provided for by paragraph 3 of Article 6 of the Agreement.(3) Any sums received by or on behalf of the People's Republic of Bangladesh from the Bank shall be paid into the Consolidated Fund." }, { "section_content": "4. The Bangladesh Bank shall be the depository of Bangladesh currency holdings and other assets of the Bank located in Bangladesh." }, { "section_content": "5. (1) Notwithstanding anything to the contrary contained in any other law, the provisions of the Agreement set out in the Schedule shall have the force of law in Bangladesh:Provided that nothing in Article 56 of the Agreement shall be construed as-(a)\tentitling the Bank to import into Bangladesh goods free of any duty of customs without any restriction on their subsequent sale therein; or(b) \tconferring on the Bank any exemption from duties or taxes which form part of the price of goods sold; or(c)\tconferring on the Bank any exemption from duties or taxes which are in fact no more than charges for services rendered.(2) The Government may, by notification in the official Gazette, amend the Schedule in conformity with any amendments, which may hereafter be duly made and adopted, of the provisions of the Agreement set out therein." }, { "section_content": "6. Nothing in this Order shall prejudice or derogate from the right of the People's Republic of Bangladesh to claim, receive or recover any assets from Pakistan." }, { "section_content": "7. The Government shall designate, by a notification in the official Gazette, the officer who shall be authorised on behalf of the People's Republic of Bangladesh to sign the Instrument of Acceptance of the Articles of Agreement and Resolution No. 54 of the Board of Governors of the Bank adopted on 11th November, 1972, and deposit it with the Bank." }, { "section_content": "8. The Government may, by notification in the official Gazette, make rules for carrying out the purposes of this Order." } ], "footnotes": [], "copyright_info": { "copyright_text": "Copyright©2019, Legislative and Parliamentary Affairs DivisionMinistry of Law, Justice and Parliamentary Affairs" }, "source_url": "http://bdlaws.minlaw.gov.bd/act-print-443.html", "fetch_timestamp": "2025-07-19 02:15:39", "csv_metadata": { "act_title_from_csv": "The Asian Development Bank Order, 1973 (President's Order)", "act_no_from_csv": "3", "act_year_from_csv": "1973", "is_repealed": false }, "token_count": 649, "language": "english", "government_context": { "govt_system": "Parliamentary Democracy", "position_head_govt": "Prime Minister", "head_govt_name": "Sheikh Mujibur Rahman", "head_govt_designation": "Prime Minister of Bangladesh", "how_got_power": "Democratic election (1973)", "period_years": "1973-1975", "years_in_power": 2 }, "processing_info": { "processed_timestamp": "2025-07-19 19:33:21", "enhanced_with_reducer": true, "enhanced_with_govt_context": true, "language_detected": "english", "token_count": 524, "legal_context_added": true, "legal_context_timestamp": "2025-07-19 20:26:27", "year_standardized": true, "year_standardization_timestamp": "2025-07-19 20:36:04", "token_count_updated": true, "token_count_update_timestamp": "2025-07-19 20:56:10", "previous_token_count": 524, "accurate_token_count": 649 }, "legal_system_context": { "period_info": { "period_name": "Early Independent Bangladesh", "year_range": "1971-1975", "act_year": 1973 }, "legal_framework": { "primary_laws": [ "Laws Continuance Enforcement Order 1971", "Constitution of Bangladesh 1972" ], "court_system": [ "Supreme Court with High Court and Appellate Divisions", "Subordinate Courts" ], "legal_basis": "Secular constitutional democracy with British-inherited laws", "enforcement_mechanism": "Independent judiciary and civil courts" }, "government_system": { "type": "Parliamentary Democracy", "structure": "Westminster-style parliamentary system", "revenue_collection": "National taxation system", "administrative_units": [ "Divisions", "Districts", "Thanas", "Unions" ] }, "policing_system": { "law_enforcement": "Bangladesh Police (continuing Police Act 1861)", "military_police": "Bangladesh Army and security forces", "jurisdiction": "National police force" }, "land_relations": { "tenure_system": "Continuation of 1950 Act with modifications", "property_rights": "Constitutional property rights", "revenue_system": "State land revenue collection", "peasant_status": "Land ceiling laws and redistribution efforts" }, "key_characteristics": [ "Secular constitution with four principles", "Continuation of colonial-era laws", "War crimes tribunals establishment", "Nationalization policies", "Special Powers Act 1974" ], "context_added_timestamp": "2025-07-19 20:26:27" } }