Regulatory Alerts2023-12-20
Added
DFIM Circular No. 14: Determination of the number of directors in finance companies against holding of shares by foreign shareholders.
The Bangladesh Bank has decided that the maximum number of foreign shareholders serving as directors on the Board of Directors of any finance company operating in Bangladesh shall be determined in proportion to their shareholding in that company. This decision is made under the power conferred by Section 15(1) of the Finance Company Act, 2023.
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