Notification regarding exemption to NRB Bank Limited from the provision of clause (p) of sub-rule (2) of rule 3 of Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015 — BSEC — BD

Registered No. D.A-1
Bangladesh Gazette
Extraordinary Issue
Published by Authority
Thursday, November 9, 2023
[ Notifications and Notices Issued by Private Individuals and Corporations in Exchange for Assets ]

Notification Regarding Exemption to NRB Bank Limited from the Provision of Clause (p) of Sub-rule (2) of Rule 3 of Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015.

Ref: 18th August 2023
Ref No. 38.00.0000.000.07.009.2009-193(Choto:#06)/61/Choto/144: Whereas:

Whereas, under clause (p) of sub-rule (2) of Rule 3 of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015, prior approval from the Bangladesh Securities and Exchange Commission is required for a company to issue shares in exchange for assets;

Whereas, NRB Bank Limited has requested an exemption from the prior approval requirement under clause (p) of sub-rule (2) of Rule 3 of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015, for the issuance of 29,000,000 ordinary shares by NRB Bank Limited to its existing shareholders on a pro-rata basis;

Now, therefore, in exercise of the powers conferred by clause (p) of sub-rule (2) of Rule 3 of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015, the Bangladesh Securities and Exchange Commission hereby grants the following exemption:

"1. NRB Bank Limited is exempted from obtaining prior approval from the Bangladesh Securities and Exchange Commission for the issuance of 29,000,000 (Twenty-Nine Lakh) ordinary shares to its existing shareholders on a pro-rata basis, pursuant to a shareholders' resolution passed on August 21, 2022."

This notification is issued under the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015.

Md. Tajim-Ur-Rahman, Deputy Director (Additional Secretary), Printed by Bangladesh Government Printing Office, Tejgaon, Dhaka.
Md. Nazrul Islam, Deputy Director (Additional Secretary), Published by Bangladesh Forms and Publications Office, Tejgaon, Dhaka. Ref: 15693 (15693) Price: Tk. 4.00

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Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015Not in RegAlert
“in exercise of the powers conferred by clause (p) of sub-rule (2) of Rule 3 of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015”