A brief view on the NGO & Insurance law of Bangladesh. It will give you a brief view about the history of NGO and Insurance law in Bangladesh. Most of the laws exists not only in Bangladesh; but also in India and Pakistan too. Because most of them were established during the era of British Raj in this subcontinent.

1. NGO & Insurance Law of Bangladesh
SK Nasif Hasan
112 0157 030

3. • Bangladesh’ s recent development in various sectors are
resulted from activities by non government organizations.
• Most the
projects are
funded or
organized by
the NGO’s.
• NGO law has a structured way to form and operate by the
law of Bangladesh

4. NGO Laws for regulation
(i)The Voluntary Social Welfare Agencies (Registration and Control) Ordinance
1961
(ii) The Foreign Donations (Voluntary Activities) Regulation Rules, 1978
(iii) The Microfinance Regulatory Law, 2006
(iv) The Foreign Contributions (Regulation) Ordinance 1982
(v) The Society Registration Act, 1860
(vi) The Trust Act 1882
(vii) The Companies Act 1994
(viii) The Waqf Ordinance 1962.

5. Laws for Regulation
Criteria NGO Law’s
1. Founding an association for rendering
welfare services.
The Voluntary Social Welfare Agencies
(Registration and Control) Ordinance 1961
2. Regulate the micro finance sector The Microfinance Regulatory Law, 2006
3. Receiving foreign funds for voluntary
activities
The Foreign Donations (Voluntary
Activities), Regulation Ordinance 1978
4. Monitoring foreign funds for voluntary
activities
The Foreign Contributions (Regulation)
Ordinance 1982

6. 5. Governing philanthropic activities in
Bangladesh.
The Societies Registration Act 1860
6. Monitoring legitimacy of charities The Trust Act 1882
7. Regulating business and nonprofit
organizations
The Companies Act 1994
8. Muslim law to regulate charities The Waqf Ordinance 1962

7. The NGO Affairs Bureau (NGOAB)
(i) Giving one stop service to NGOs
(ii) Approval of project proposals .
(iii) Appointment of foreign expatriate
consultants.
(iv) Examination of reports.
(v) Monitoring the activities of NGOs.
(vi) Collection of fees.
(vii) Receiving information on travel of NGO
personnel
(viii) Auditing of accounts of NGOs.
(x) All other matters relating to NGO affairs.

8. Recommendations
Improving NGO Efficiency
• It takes more than two months to prepare renewal papers for an NGO
registration
•Are not thoroughly scrutinized.
•The state has the authority to cancel the registration of any NGO
•Can stop its activities and inform the donor, in any case of serious
allegations
•once a NGO is registered, renewal procedures should be simplified

9. Improving the Law
• 'No such project would be approved if it offends
the feelings of the people
• It has adverse effects on the culture and values
of the country or
• if the project is based on a political programmed.
• Therefore, there are legal problems in Bangladesh
arising from unresolved conflicts in the law

10. Holding NGOs Accountable
• The state audit system is ineffective.
• A mechanism must be developed under which
the state officials involved in the development
process make regular field visits to NGO
programs.
• Such officials should also conduct impact
evaluations upon the completion of a project
• enhance the state's understanding of the
programs dynamics

11. Conclusion
• In Bangladesh, NGOs play a pivotal and
pragmatic role when the state does not reach
the poor and meet their needs.
• Despite their numbers, NGOs have brought
little change in levels of poverty.
• Even the largest NGOs in Bangladesh when
taken together cover only a fraction of the
population- perhaps only 10-20 percent of
landless households.

13. • The Insurance business has developed in
proportion to the development of the
economic growth in Bangladesh. There are 62
insurance companies in the country, including
two state-owned enterprises, the Jiwan Bima
Corporation (JBC) for life insurance, and the
Sadharan Bima Corporation (SBC) for general
insurance.

14. Insurance Laws
• The Insurance Act, 1938
• Insurance Rules of 1958
• Bangladesh Insurance (Nationalization) Order 1972.
• The Insurance Corporations Act, 1973
• Insurance (Amendment) Ordinances of 1984
• The Insurance Act, 2010

15. Laws for Regulation
Criteria Insurance law
1. Governing all forms of
insurance
The Insurance Act, 1938
2. Deals with the
management expenses
Insurance Rules of 1958
3. Nationalizing the
Insurance industry
Bangladesh Insurance
(Nationalization) Order
1972

16. 4. Deals with all classes of
general insurance & re-
insurance business
The Insurance
Corporations Act, 1973
5. Regulating private
insurance companies
Insurance (Amendment)
Ordinances of 1984
6. Governing overall
insurance industry
(Abolishing The Insurance
Act, 1938)
The Insurance Act, 2010

17. Recommendations
•Capital Requirements
minimum paid-up capital for non-life insurer would be Tk. 400 million
•Spread of Business in Rural Areas
Provision should be made to induce insures to undertake such parentage of
his business in the rural areas
•Reinsurance Abroad:
An insurer should be able to reinsure with any other insurer or outside
Bangladesh

18. • Provision for Foreign Investment
foreign investors should be allowed to hold or
subscribe to the share of an insurance
company
• Penalty
A new provision should be introduced in
insurance law, where maximum penalty for
any violation should be Tk 10 lakh

19. Conclusion
• In the era of globalization, domestic market
should be well organized while the legal
framework should be effective to address the
changed circumstances.
• In order to meet these challenges, the
Insurance Ordinance-2010, The new Act
promised to bring the positive changes