Regulatory Alerts2020-02-05
Added · Updated
FEID Circular No. 02: Regarding Share Money Deposit
Bangladeshi companies must complete share issuance formalities within 360 days of receiving funds from non-resident investors. Share money deposits cannot be used for interest-bearing financial instruments and must be applied solely to the company's main business. If conversion to shares is not completed within the 360-day period, the deposit is excluded from the equity component when calculating debt-to-equity ratios for loan permissions. Companies with existing share money deposits are required to finalize issuance within 360 days of the circular's date.
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