Regulatory Alerts2009-07-29
Added · Updated
FE Circular No. 08: Definition of Agent under Section 18 A of the Foreign Exchange Regulation Act, 1947
The definition and role of an agent for the purpose of Section 18 A of the Foreign Exchange Regulation Act, 1947, are established as being the same as those in Sections 182 and 186 of Chapter X of the Contract Act, 1872. This requirement applies to any person, including individuals, firms, and business organizations, seeking to act as an agent in trading, commercial, technical, or management advisory transactions involving persons resident outside Bangladesh or non-citizen residents of Bangladesh.
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