Rule · BSEC · 22 Oct 2018
The Securities and Exchange Commission of Bangladesh grants an exemption under Section 2D of the Securities and Exchange Ordinance, 1969, to fully foreign-owned companies. This exemption relieves these specific entities from the obligation to file certain returns or statements with the Commission, as detailed in the official gazette notification dated November 22, 2018. The order applies specifically to companies where foreign ownership is total, removing specific regulatory filing burdens for this category of entities.
Registered No. D.A-1
Bangladesh Gazette
Extraordinary Issue
Published by Authority
Wednesday, November 28, 2018
[ Notifications and Notices issued by Private Individuals and Corporations ]
Exemption under Section 2D of the Securities and Exchange Ordinance, 1969 Securities and Exchange Commission U-6/I, Motijheel Securities and Exchange Commission Office Dhaka-1000, Bangladesh.
Order No: 22 November 2018
Ref. No: SEC/IGJ/2009-193/211/Office/84. Whereas, under Section 2D of the Securities and Exchange Ordinance, 1969 (Ordinance No. XIX of 1969), the Securities and Exchange Commission has the power to grant exemption from the provisions of the Ordinance or the rules made thereunder to any person or class of persons subject to such conditions as it may think fit to impose; And whereas, it is expedient in the public interest to grant exemption to fully foreign-owned companies from certain provisions of the Securities and Exchange Ordinance, 1969 (Ordinance No. XIX of 1969); Now, therefore, in exercise of the powers conferred by Section 2D of the Securities and Exchange Ordinance, 1969 (Ordinance No. XIX of 1969), the Securities and Exchange Commission hereby grants exemption to fully foreign-owned companies from the obligation to submit certain returns or statements to the Commission, subject to such conditions as may be prescribed.
Issued by:
Securities and Exchange Commission
Printed by: Md. Lal Hossain, Deputy Director, Bangladesh Government Printing Press, Tejgaon, Dhaka. Published by: Md. Abdul Malek, Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka. Ref. No. 15539 Price: Tk. 4.00
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“in exercise of the powers conferred by Section 2D of the Securities and Exchange Ordinance, 1969 (Ordinance No. XIX of 1969)”
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