Section 15Section 15

s. 15

15 (1) The Government may remove from office- (a) the Governor or [a Deputy Governor] if he becomes permanently incapable of performing his duties or subject to any of the disqualifications specified in clause (9) of Article 10 or has done any act which is a breach of the trust reposed in him, or if his continuance in office is regarded as manifestly opposed to the interests of the Bank; and (b) any Director. (2) (a) The Governor, [a Deputy Governor] or a Director may resign his office by statement to that effect in writing signed by him and addressed to the Government; (b) A statement of resignation by [a Deputy Governor] or [a Director] shall be addressed as above through the Governor; (c) On the acceptance of such a resignation by the Government, the office shall become vacant; (3) Any Director vacating office under this Article shall not be eligible to become a Director until the expiry of the term of office for which he was nominated; and (4) In the event of a vacancy occurring, the Government shall fill the vacancy by nominating another Director.

1. 44. The words “a Deputy Governor” were substituted for the words “the Deputy Governor” by section 7 of the Bangladesh Bank (Amendment) Ordinance, 1976 (Ordinance No. LVI of 1976)
2. 45. The words “a Deputy Governor” were substituted for the words “the Deputy Governor” by section 7 of the Bangladesh Bank (Amendment) Ordinance, 1976 (Ordinance No. LVI of 1976)
3. 46. The words “a Deputy Governor” were substituted for the words “the Deputy Governor” by section 7 of the Bangladesh Bank (Amendment) Ordinance, 1976 (Ordinance No. LVI of 1976)
4. 47. The words “a Director” were substituted for the words “the Director” by section 7 of the Bangladesh Bank (Amendment) Ordinance, 1976 (Ordinance No. LVI of 1976)