Provisions relating to Allotment of shares of banks or financial institutions:
- (1) Every bank or financial institution shall set aside at least thirty percent of its total issued capital for subscription by the general public. The bank or financial institution may set aside a maximum of five percent of the shares so set aside for its employees. Provided that the shares in such percentage as prescribed by the Rastra Bank in the case of a bank or financial institution incorporated in the joint venture with a foreign bank or financial institution shall be sold and allotted to the general public.
- (2) While inviting application from the general public for the subscription of its shares, every bank or financial institution shall demand payment of cent percent amount of the face value of its shares along with the application.
A blogger who wants to create value to its visitors through blog posts.