The subscribers to the Memorandum
of Association of the Institute, Fellows of the Institute and the authorized
representatives of those Banks and Financial Institutions who are admitted by
the Council and who contribute to the expenditure of the Institute at the rates
determined by the Council from time to time are members of the Institute.
The Council has the power to
elect the persons of distinction in banking, economics or other allied subjects,
as the Fellows of the Institute. Every member upon his
admission as such, shall have to sign a declaration to abide by the rules and
regulations of the Institute for the time being in force.
Any member of the Institute may
be removed by the Council if he is considered undesirable for the interest of
the Institute provided that
(a) the Council shall first call
upon him for an explanation of his conduct and shall hear what he may have to
say in his defence ;
(b) a meeting of the Council
especially held for the purpose ;
(c) at least three-fourths of the
members of the Council are present at such meeting ; and
(d) a resolution to that effect
is passed by a majority of two-thirds of the members present.
A member may resign from the
Institute on giving notice of his intention to do so in writing to the Council.
2005
The Institute of Bankers, Bangladesh (IBB)
