** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

8 Pubali directors to go

04 March 2014

bdnews24.com :
The Appellate Division has overturned a stay by a Chamber Judge and upheld the High Court's order vacating eight positions of directors at the Pubali Bank.
The bank's lawyer said Monday's order by the five-strong Appellate Bench led by the Chief Justice has said the High Court's order vacating the director positions was justified.
On Feb 25, the High Court vacated the positions to haul up the bank for non-compliance of share-holding regulations.
The following day, Chamber Judge Justice Hasan Foez Siddique issued a stay order in response to a petition by the bank authorities.
Bangladesh Securities and Exchange Commission (BSEC), in a 2011 order, made it mandatory for bank directors to hold a minimum of 2 percent share of the bank.

Add Rate