Overview: Managing Share Money Deposit and ensuring compliance with the regulations set forth by the Bangladesh Bank can be a daunting task. LegalSeba.com offers comprehensive services to assist companies in adhering to these regulations, ensuring a smooth process from receipt of investment to the issuance of shares.

Our Services

1. Compliance with Reporting Requirements: Para-2(A), Section-I, Chapter-9 of the Guidelines for Foreign Exchange Transactions (GFET), 2018 mandates the reporting of share issuance to non-residents within 14 days. LegalSeba.com helps in:

  • Timely Reporting: Ensuring that all required reports are submitted to the Bangladesh Bank within the stipulated timeframe.

2. Formalities of Share Issuance: Companies must complete the formalities of share issuance within 360 days of receiving the investment. Our services include:

  • Process Management: Managing the entire process of share issuance to ensure it is completed within 360 days.
  • Documentation: Preparing and submitting all necessary documentation to comply with regulatory requirements.

3. Appropriate Use of Share Money Deposit: Ensuring that Share Money Deposit is used exclusively for the main business activities of the company:

  • Fund Allocation: Monitoring and advising on the appropriate use of Share Money Deposits to ensure compliance.
  • Accounting Treatment: Assisting in the correct accounting treatment of Share Money Deposits as per IAS/BAS.

4. Debt Equity Ratio Calculation: When calculating the Debt Equity Ratio for foreign loans, Share Money Deposit will not be considered an equity component if not converted into shares within 360 days. Our services include:

  • Ratio Calculation: Assisting in accurate calculation of the Debt Equity Ratio as per Para-4(C), Section-1, Chapter-16 of GFET, 2018.
  • Loan Permissions: Guiding through the process of obtaining permission for foreign or local currency loans.

5. Regulatory Compliance for Share Capital: If the total share capital exceeds the exemption limit set by the Bangladesh Securities and Exchange Commission (BSEC), companies must obtain BSEC consent. LegalSeba.com assists in:

  • Consent Procurement: Facilitating the process of obtaining consent from BSEC when necessary.

6. Handling Existing Share Money Deposits: For companies with existing Share Money Deposits before the issuance of this circular, the companies should ensuring all formalities of share issuance are completed within 360 days from the date of the circular.

 

 

 

Why Choose LegalSeba.com?

  • Expert Regulatory Knowledge: Our team possesses deep knowledge of the regulatory framework governing Share Money Deposits and share issuance in Bangladesh.
  • Comprehensive Services: From reporting and documentation to compliance and fund management, we offer end-to-end services.
  • Efficiency and Accuracy: We streamline processes to reduce administrative burdens and ensure timely and accurate compliance.
  • Customized Solutions: We provide tailored solutions to meet the specific needs of each client, ensuring compliance and maximizing efficiency.

Contact Us

For more information on how LegalSeba.com can assist you with Share Money Deposit compliance and share issuance in Bangladesh, please contact us at:

Let LegalSeba.com be your trusted partner in navigating the complexities of Share Money Deposit management and regulatory compliance in Bangladesh.