Regulatory Alerts2016-10-03
Added · Updated
FEPD Circular Letter No. 28: Establishment of Bangladesh Investment Development Authority (BIDA)
The document informs authorized dealers of foreign exchange transactions about the establishment of the Bangladesh Investment Development Authority (BIDA) effective September 1, 2016, following the enactment of the BIDA Act, 2016 on August 1, 2016. It states that BIDA was formed by merging the Investment Board and the Privatization Commission, which have been dissolved, and that all previous functions of these entities continue under BIDA. Recipients are directed to disseminate this information and take necessary action.
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