Department of Financial Institutions and Markets of the Bangladesh Bank | VDB

Bangladesh Keyword: Department of Financial Institutions and Markets of the Bangladesh Bank

Circular No. 03 dated 07 August 2023 issued by the Department of Financial Institutions and Markets of the Bangladesh Bank on “Taking Thumbprints on Loan-Related Charge Documents”

September 6, 2023

https://vdb-loi.com/bd_publications/circular-no-03-dated-07-august-2023-issued-by-the-department-of-financial-institutions-and-markets-of-the-bangladesh-bank-on-taking-thumbprints-on-loan-related-charge-documents/

Aiming to address emerging legal complexities in loan recovery procedures, the Bangladesh Bank has published a new circular that makes it compulsory for banks to take thumbprints to ensure the proper recovery of depositors’ money. Individuals seeking loans from banks will now be obligated to furnish specific charge documents, contingent upon their borrower status, loan […]

Circular No. 04 dated 24 May 2023 issued by the Department of Financial Institutions and Markets of the Bangladesh Bank on “Identification as a Public Limited Company under the Companies (2nd Amendment) Act, 2020”

June 1, 2023

https://vdb-loi.com/bd_publications/circular-no-04-dated-24-may-2023-issued-by-the-department-of-financial-institutions-and-markets-of-the-bangladesh-bank-on-identification-as-a-public-limited-company-under-the-companies-2nd/

Under the 2020 amendment of the Companies Act 1994, all public limited companies must add “PLC” at the end of their company name. Therefore, they have to modify their memorandum and articles of association accordingly. In order to identify public limited companies, Bangladesh Bank has issued a circular based The circular issued by the Bangladesh […]