The Essential Commodities Act of 1957 in Bangladesh provides the legal framework to control prices and regulate trade of essential commodities. It gives the government powers to license manufacturers, control prices of buying and selling, prohibit hoarding, regulate commercial transactions, and require persons involved in production and distribution to maintain records. Offences under the act are punishable with imprisonment up to 3 years or fines or both. The act protects legal actions taken by the government and its officers in good faith according to orders issued under the act.