Section 12Section 12

s. 12

12 [(1) There shall be an Executive Committee consisting of- (a) the Governor; (b) the Director nominated under sub-clause (b) of clause (3) of Article 9; (c) one Director elected by the Board from amongst the Directors nominated under sub-clause (c) of clause (3) of Article 9; and (d) one Director appointed by the Government from amongst the Directors nominated under sub-clause (d) of clause (3) of Article 9.] [* * *] (3) Except when the Board is in session, the Executive Committee shall deal with and decide any matter within the competence of the Board and shall keep minutes of its proceedings, which shall be submitted to the Board for information at its next meeting.

1. 35. Clause (2) was omitted by section 4 of the Bangladesh Bank (Amendment) Ordinance, 1976 (Ordinance No. LVI of 1976)