BRPD Circular Letter No. 22: Waiver from section 14Ka(1) of the Bank-Company Act, 1991

Banking Regulation and Policy Department
Bangladesh Bank
Head Office
Dhaka.
BRPD Circular Letter No. 22
17 Kartik 1425
Date: -----------------
01 November 2018
Managing Director/Chief Executive
All Scheduled Banks operating in Bangladesh.

Dear Sir,

Subject: Waiver from section 14Ka(1) of the Bank-Company Act, 1991 (as amended up to 2018)

With reference to the above subject, it is informed that the Bangladesh Bank has declared that section 14Ka(1) of the Bank-Company Act, 1991 (as amended up to 2018) shall not apply to the Bangladesh Police Kalyan Trust in respect of its shareholding in Community Bank Bangladesh Limited, under the powers conferred by section 121 of the said Act.

In this regard, a copy of the notification No. BRPD(P-3)/745(71)/2018-8334 issued by the Bangladesh Bank on November 1, 2018, is enclosed herewith for information and necessary action.

Enclosure: 1 (One).

Yours faithfully,

(Abu Farah Md. Naser)
General Manager
Phone: 9530252.
DnNo: B.B.R.P.D.N.F