Regulatory Alerts2017-03-19
Added · Updated
Issuance of shares in favor of non-residents by debit to non-resident Taka accounts of overseas branches and correspondents
Authorized Dealers in Foreign Exchange in Bangladesh may issue shares in favor of non-residents by debiting non-resident Taka accounts maintained in the names of their overseas branches and correspondents. This authorization applies to funds held in such accounts that were established against inward remittances in convertible foreign currencies. Authorized Dealers must issue certificates supporting these payments using Format-A for transactions from non-resident Taka accounts and Format-B for payments against direct inward remittance in foreign currency.
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