Bangladesh: JS passes Bangladesh Tourism Corporation Bill

DHAKA, 08 June 2022, (TON): The Bangladesh Tourism Corporation Bill, 2022 was passed in Parliament aiming to make the existing law a time-befitting one and boost revenue from the tourism sector.

State Minister for Civil Aviation and Tourism M Mahbub Ali placed the bill and it was sent passed by voice vote.

As per the bill, the authorized capital of the corporation shall be Tk1,000 crore instead of Tk15 crore while the paid-up capital will be Tk400 crore instead of Tk5 lakh.

The existing law stated that the board shall consist of a chairman and not less than two and not more than four the whole tenure, and directors to be appointed by the government.

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