DOS Circular Letter No. 07: Submission of Minutes of Board of Directors/Executive Committee/Audit Committee Meetings

Department of Supervision Banking Regulation Department Dhaka, Bangladesh.

Circular Letter No. 07 Baisakh 11, 1418

April 24, 2011

To the Managing Directors/Chief Executives of all Scheduled Banks operating in Bangladesh (excluding Foreign Banks)

Dear Sir,

Reference is drawn to the Department's DOS Circular Letter No. 16 dated 29/11/2003, listed above, regarding the submission of minutes of meetings of the Board of Directors/Executive Committee/Audit Committee of banks.

Through the aforementioned circular letter, banks were instructed to mandatorily submit the minutes of all meetings of the Board/EC/Audit Committee held during the month to this Department by the 10th of the following month, without waiting for confirmation of the minutes. It has now been decided that banks must mandatorily submit the minutes of their Board of Directors/Executive Committee/Audit Committee meetings to this Department within 07 (seven) days of the holding of the meeting.

This instruction shall come into force immediately.

Please acknowledge receipt.

Yours faithfully,

(K. M. Gausuzaman) Deputy General Manager Phone: 9550437