20Jun
20Jun
ICC WSF announces chain expansion of the certificate of origin accreditation
Summary: The Bandar Abbas Chamber (Iran), Los Angeles Area Chamber (United States), sixteen New Zealand Chambers, and thirty-one Irish Chamber now will benefit from the use of ICC’s internationally-recognized Certificate of origin (CO) label with their newly established International status as accredited members of the Certificate...
20Jun
BSEC has published its First Green bond gazette on 31st May 2021
Summary: Bangladesh Security and Exchange Commission has approved the first-ever green bond issuance in Bangladesh in favor of a non-governmental organization. In its newly published gazette, BSEC has notified its nature of the bond and the type of corporations that can buy these bonds. Content: Starting with the...
06Jun
A Landmark Dutch court decision Against Royal Dutch Shell made it compulsory to comply with the global climate policy
Summary: A court in Netherland has ruled that the oil giant Shell must condense its emission to align its policies with the Paris climate accords. With full awareness of the action on climate change, Shell has declared to appeal on the Court decision and has replied...
06Jun
Curb on bonus share issuance
Summary: Bonus share offerings are about to be abandoned for the five types of listed companies that are not able to utilize their existing fund. BSEC found that the bonus share issue brings no good to the company and nor can ensure minority protection. Although the...
03Jun
Tax waiver planned to encourage ‘Made in Bangladesh’
Summary: The government is looking to increase dependency on the country's products by encouraging manufacturing. To help the entrepreneurs, the Finance Minister would announce the tax and Vat waiver in the June budget session. Content: It’s all on the probabilities. The vat exemption may be stretched for electronic...
03Jun
23,210 investors with shares worth BDT 10 million or more found eligible for SME IPO subscription
Summary: The government issued rules for qualified investor offer by small capitalized companies on January 30 to give a chance of raising fund from the capital market for the small public limited companies. Bangladesh Security Zone Exchange Commission had declared 23,210 BO accountholders as eligible investors...
01Jun
One Person Company registration starts from May 23, Tax rate cut to 25% from 32.5% likely
Summary: The Registrar of Joint Stock Companies and Firms (RJSC) has started incorporating One Person Company (OPC) -- a new type of business entity in the country -- from May 23, 2021. To encourage the foreign enterprises and sole proprietorship, the government is going to offer...
01Jun
Foreign companies can open foreign currency accounts under local offices
Summary: Bangladesh Bank (BB) has allowed authorized dealers to open foreign currency accounts in the names of branch offices or liaison offices of foreign companies as opposed to the name of employed local executing firms, operating under approval from the Bangladesh Investment Development Authority (BIDA), or...
09May