LEGAL OPINION ON THE DRAFT SERVICE RULES/POLICIES OF BANK 1.

Dated : January 22, 2008

Mr. A

Senior Executive Vice President &

Head of SME Banking

Bank 1

Head Office

Jiban Bima Bhaban

10, Dilkusha C/A

Dhaka – 1000

Dear Sir,

RE: LEGAL OPINION ON THE DRAFT SERVICE RULES/POLICIES OF BANK 1.

We refer to your instruction dated 22 January, 2008 on the above subject.

We have perused the draft Service Rules/Policies (“Service Rules”) of Bank 1 (“BANK 1”) and our comments on the Service Rules are as follows:

From the provided information it is not clear as to whether the Service Rules will apply only to non-worker (i.e. officers employed mainly in a managerial or administrative capacity) or whether the Service Rules will apply to workers (i.e. labours) as well.

If the Service Rules applies to workers as well then the provisions of the Service Rules will have to correspond and comply with the provisions of the Labour Code 2006. And the Service rules have to be submitted to the Chief Inspector for his approval (Section 3 (2) of the Bangladesh Labour Act 2006). The Service Rules will only be effective after the Chief Inspector has given his approval to it (Section 3 (3) of the Bangladesh Labour Act 2006).

Also note that, in accordance with Bangladesh Bank BRPD Circular No. 16 dated July 24, 2003, the Service Rules have to be framed and approved by the Board of Directors of BANK 1.

Apart from the above observations, the terms and conditions of the Service Rules are otherwise in order.

If you have any further query, please do not hesitate to contact us.

Thanking you.

Yours faithfully,

_____________________

Barrister-at-Law

The Lawyers & Jurists M.L.Hotel Tower Ltd,

208, Shahid Syed Nazrul Islam Sarani,

Bijoy Nagar, Dhaka-1000.

www.lawyersnjurists.com

Disclaimer:

The information contains in this web-site is prepared for educational purpose. This site may be used by the students, faculties, independent learners and the learned advocates of all over the world. Researchers all over the world have the access to upload their writes up in this site. In consideration of the people’s participation in the Web Page, the individual, group, organization, business, spectator, or other, does hereby release and forever discharge the Lawyers & Jurists, and its officers, board, and employees, jointly and severally from any and all actions, causes of actions, claims and demands for, upon or by reason of any damage, loss or injury, which hereafter may be sustained by participating their work in the Web Page. This release extends and applies to, and also covers and includes, all unknown, unforeseen, unanticipated and unsuspected injuries, damages, loss and liability and the consequences thereof, as well as those now disclosed and known to exist.  The provisions of any state’s law providing substance that releases shall not extend to claims, demands, injuries, or damages which are known or unsuspected to exist at this time, to the person executing such release, are hereby expressly waived. However the Lawyers & Jurists makes no warranty expressed or implied or assumes any legal liability or responsibility for the accuracy, completeness or usefulness of any information, apparatus, product or process disclosed or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product process or service by trade name, trade mark, manufacturer or otherwise, does not necessarily constitute or imply its endorsement, recommendation or favouring by the Lawyers & Jurists. The views and opinions of the authors expressed in the Web site do not necessarily state or reflect those of the Lawyers & Jurists. Above all, if there is any complaint drop by any independent user to the admin for any contents of this site, the Lawyers & Jurists would remove this immediately from its site.