Several tax benefits are provided under the Finance Act 2022, for the mobile manufacturers. Besides, the Companies with less than Tk. 100 crore turnover and so on, who are working towards deployment or commercialization of new products, process or service driven by innovation, development and technology or intellectual property are given start up status who will be taxed at... Read More
Summary: Arbitration is an expeditious and practicable methodology for resolving a commercial dispute. This is also a private strategy and out of the judiciary courts, Contemporarily, the Commercial Law Development Program (CLDP) and Bangladesh International Arbitration Centre (BIAC) cooperatively categorized a programme for International Commercial Arbitration. Principally, BIAC is the foundation or convention which conducts arbitration mechanisms in Bangladesh. And... Read More
Summary: Bangladesh's commerce sector is expanding day by day despite numerous disagreements that are occurring in between. Most businessmen use arbitration as a method of resolving any conflict that arises outside of court. Arbitration is favored as a faster and cheaper alternative to litigation. Content: A Bangladeshi company called Khan IT and Services had been receiving computer accessories from a Singapore-based company... Read More
Under the new Budget, the shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of the value of shares in the amalgamating company (which now includes foreign companies, where there is foreign shareholding in a Bangladeshi company) become shareholders of the amalgamated company. Also, the capital gain arising from any transfer of capital... Read More
International law usually falls into two different categories. Public International law and Private international law. Public international law is the set of rules, agreements, and treaties that are binding between countries. It generally comes from three sources: treaties, customs, and general principles of law. Public international law concerns the relationships between nations and international organizations. Private international law, on... Read More
Summary: Arbitration is a quick and reasonable procedure for settling a commercial dispute. This is also a private procedure and out of the judiciary courts, Recently, Commercial Law Development Program (CLDP) and Bangladesh International Arbitration Centre (BIAC) jointly organized a program for International Commercial Arbitration. BIAC is the institution that works for arbitration mechanisms in Bangladesh. And CLDP, a section... Read More
Summary: Day by day the trade sector of Bangladesh is progressing through many disputes arising in between. Maximum businessmen choose the way of arbitration as a settlement option of any dispute which occurred out of the court. The reason for preferring arbitration as a settlement option is the affordable and quicker approach. Content: A Singapore-based company named Limcon Technology Solutions had been... Read More
Under the new Budget, shareholding percentage has been amended for amalgamation. Now shareholders holding at least 75% (previously 90%) of the value of shares in the amalgamating company (which now includes foreign companies, where there is foreign shareholding in a Bangladeshi company) become shareholders of the amalgamated company. Also, capital gain arising from any transfer of capital asset in a... Read More
Summary: Parliament passed some much-debated provisions regarding the Finance Bill 2022, to grant legal cover to a new national budget which should have been more welfare-oriented in the crisis time than growth-centric. Content: In the new fiscal measures the amnesty for whitening offshore movable assets and a cap of Tk 3.6 million as the allowable limit for cash transactions for corporate taxpayers. Whereas,... Read More
SUMMARY: The banks have been advised by the Bangladesh Bank to take insurance coverage against their financing to exports in an attempt to cut down menace of loans. CONTEXT: The central bank published a circular to encourage banks to secure their financing through insurance coverage under credit guarantee strategy which is locally accessible from insurance companies. This will provide banks with... Read More
