Notification Regarding Amendments to the Depository Rules, 2000 and the Depository (Practical) Rules, 2003

Registered No. D A-1 "May the celebration of the birth centenary of the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman, be successful"

Bangladesh Gazette
Extraordinary Issue
Published by Authority

Sunday, August 22, 2021

[Advertisements and Notices issued for consideration by private persons and corporations]

Bangladesh Securities and Exchange Commission
Notification

Date, June 30, 2021

No. BSEC/CMARRC/2019-392/26/Admin/126—The Bangladesh Securities and Exchange Commission, in exercise of the powers conferred by sub-section (1) of Section 17 of the Depositories Act, 1999 (Act No. 6 of 1999), with previous approval, hereby amends the Depository Rules, 2000 and the Depository (Practical) Rules, 2003 as follows:—

1. Amendment to the Depository Rules, 2000, as follows:—

(a) At the end of sub-rule (1) of Rule 5, the period “.” shall be replaced by a colon “:” and the following proviso shall be added thereto, namely:—

“Provided that, a commission fee of Five Lakh Taka in favor of the Commission shall be deposited by pay-order or bank draft or electronic fund transfer along with the application.

Further provided that, a registration fee of One Crore Taka in favor of the Commission shall be deposited by pay-order or bank draft or electronic fund transfer.”

(b) The words “Fifty Thousand Taka” in sub-rule (7) of Rule 5 shall be replaced by the words “Two Lakh Taka”. At the end of sub-rule (7), the period “.” shall be replaced by a colon “:” and the following proviso shall be added thereto, namely:—

“Provided that, in the case of depositing the annual fee, a late fee shall be paid at the rate of Fifty Thousand Taka for each month or part thereof delayed.”

(12659)
Price: Taka 4.00

12660 Bangladesh Gazette, Extraordinary, August 22, 2021

(c) At the end of sub-rule (1) of Rule 8, the period “.” shall be replaced by a colon “:” and the following proviso shall be added thereto, namely:—

“Provided that, a fee of Two Lakh Taka in favor of the Commission for the Business Commencement Certificate shall be deposited by pay-order or bank draft or electronic fund transfer.”

(d) After Rule 9, the following new Rule 10 shall be added, namely:—

“10. Deposit of fees, etc. in favor of the Commission—

Various kinds of fees, etc. in favor of the Bangladesh Securities and Exchange Commission may be deposited by pay-order, bank draft or electronic fund transfer.”

2. Amendment to the Depository (Practical) Rules, 2003, as follows:—

(a) The following new clause (b) shall be substituted for clause (b) of sub-rule (2) of Rule 27, namely:—

“(b) The following amounts shall be deposited by pay-order or bank draft or electronic fund transfer in favor of the Commission along with the documents and information mentioned in the form of the said application as the appropriate fee:

In the case of Custody Participant .............................. Taka 2,00,000 In the case of Trading Participant .............................. Taka 50,000 In the case of Other Participants .............................. Taka 1,00,000”

(b) At the end of sub-rule (2) of Rule 30, the period “.” shall be replaced by a colon “:” and the following proviso shall be added thereto, namely:—

“Provided that, the following amounts shall be deposited by pay-order or bank draft or electronic fund transfer in favor of the Commission for the registration fee:

In the case of Custody Participant .............................. Taka 5,00,000 In the case of Trading Participant .............................. Taka 1,00,000 In the case of Other Participants .............................. Taka 2,00,000”

Bangladesh Gazette, Extraordinary, August 22, 2021 12661

(c) The following new sub-rule (6) shall be substituted for sub-rule (6) of Rule 30, namely:—

“(6) In each case, an application in the form provided in Schedule-3 through the Depository, along with the payment of the renewal fee payable to the Commission at the following amounts by pay-order or bank draft or electronic fund transfer, shall be submitted to the Commission, and the registration certificate may be renewed for (a) five years in the case of Custody Participant, and (b) one year in the case of Trading and Other Participants:

In the case of Custody Participant .............................. Taka 5,00,000 In the case of Trading Participant .............................. Taka 1,00,000 In the case of Other Participants .............................. Taka 2,00,000”

(d) The words “at the rate of Taka 500” in sub-rule (7) of Rule 30 shall be replaced by the words “at the rate of Taka 5,000”.

(e) After Rule 48A, the following new Rule 48B shall be added, namely:—

“48B. Deposit of fees, etc. in favor of the Commission—Various kinds of fees, etc. in favor of the Bangladesh Securities and Exchange Commission may be deposited by pay-order, bank draft or electronic fund transfer.”

By Order of the Bangladesh Securities and Exchange Commission

Professor Shibly Rubaiyat-ul-Islam
Chairman.

Mohammad Ismail Hossain, Deputy Director (Deputy Secretary), Bangladesh Government Printing Press, Tejgaon, Dhaka, printed.
Maksuda Begum Siddika, Deputy Director (Deputy Secretary), Bangladesh Form and Publication Office, Tejgaon, Dhaka, published. website: www.bgpress.gov.bd.