No bar to hold NBR Commercial Bank’s annual meeting
The High Court today cleared the way for the authorities concerned to hold the annual general meeting (AGM) of NRB Commercial Bank on April 23.
The court said NRB Bank Chairman Farasath Ali will preside over the AGM where Bangladesh Bank’s observer Masud Biswas will remain present.
The HC directed the board of directors of NRB Bank to allow to its three directors—Adnan Imam, SM Tamal and Rafiqul Islam Arzu and its former director AM Tushar Iqbal Rahman—to attend the AGM.
In response to a petition collectively filed by Adnan, Tamal, Rafiqul and Tushar, the court asked the authorities to include the names of Adnan, Tamal, Rafiqul in the directors’ report of NRB Commercial Bank.
The authorities have been directed to strictly follow the relevant rules of law in holding the AGM and not to take any decision at the AGM beyond its circulated agenda.
The HC asked them to hold voting in the secret ballot if it is necessary for recruiting its directors through election at the AGM and to record the whole proceedings of the AGM in video.
The vacation bench of Justice AFM Abdur Rahman came up with the order.
Petitioners’ lawyer Barrister Mehedi Hasan Chowdhury told The Daily Star that his clients filed the petition under Bank Companies Act, apprehending that the AGM of NRB Commercial Bank will not be held smoothly, as there are allegations of irregularities against its Chairman Farasath Ali and Managing Director Dewan Mujibur Rahman.
The NRB Commercial Bank authorities on April 6 issued a notice for holding its AGM on April 23 excluding the names of the writ petitioners, he said.
The lawyer said the HC passed the directives on the consent of the lawyers of the petitioners and the NRB Commercial Bank.
Attorney General Mahbubey Alam and Deputy Attorney General S M Moniruzzaman appeared for the bank, while Barrister Sheikh Fazle Noor Taposh and Barrister Mehedi represented the petitioners.
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