Summary: Bangladesh Securities Zone and Exchange Commission has urged 26 Insurance companies to get enlisted in the capital market among which 21 companies are still pending to be enlisted. Despite providing exemptions from the barriers of the security rules, there are certain conditions that the companies must comply with to be enlisted in the capital market. Content: The idea of capital market... Read More
Summary: Brazil had signed the ‘Singapore Convention of Mediation’ on 4th June at the United Nations headquarters in New York. This Convention consists of the UNCITRAL Model Law and the key provisions lie in the first ten articles. Brazil is the fifty-fourth signing state of this multilateral treaty. Content: In the era of nascent International trade and investment, it was highly important to... Read More
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 of origin chain which was virtually approved by forty-seven CO experts from thirty-two countries... Read More
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 introduction of Green bonds which are any type of debt instrument with the same... Read More
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 on the case verdict by stipulating their business policies and journey towards a net-zero... Read More
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 companies having tremendous sales have no problem issuing bonus shares for further expansion of... Read More
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 goods which included cellphones, refrigerators, AC, fridges, TV and automobile industry. At the same... Read More
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 for the subscription of IPOs of SMEs. Content: SME (small-to-medium enterprise) is a convenient term for segmenting... Read More
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 a tax exemption through a 25% cut in the upcoming national budget for fiscal... Read More
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 other relevant bodies. This will attract more foreign direct investment if operated under the... Read More
