Regulatory Alerts2010-10-28
Added · Updated
FEID Circular Letter No. 01: Regarding Blacklisting of Foreign Companies for Permission under Section 18A of the Foreign Exchange Regulation Act-1947
The Foreign Exchange Investment Department of Bangladesh Bank blacklists two foreign principals, Jyoti-Ish Gear Ltd. and Osho Industries, for obtaining permission under Section 18A of the Foreign Exchange Regulation Act-1947. Local indenting institutions are prohibited from accepting any indent issued on behalf of these entities, and applications from local agents seeking to act for them are not to be accepted.
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