|
(50080)
|
Bangladesh Bank |
|
|
|
Telephonic News
Bangladesh Bank
Tel.: 7126101-20
Website : www.bangladeshbank.org.bdRef. No.: BaiMuBi/L, A-12623/2006-602 8 |
Foreign Currency Investment
Department
Date : 31/05/2006 AD
|
||
|
|
|
||
|
Manager
Mercantile Bank Ltd.
Mohakhali Branch
17, Mohakhali C/A,
Dhaka-1212.
|
|
||
Dear Sir
Subject :
Regarding issuing approval to work as a local buying agent
under Section 18A
of Foreign Currency Controlling Act of 1947.
Account: M/s. Candid International
Approval No.:
BoiMuBi/L, A-125/2006 (General)
This is hereby draw your
attention to your Letter No.: MBL/Gen./2006/3097, dated : 14-05-2006 AD
mentioned in the title.
02. Your above-mentioned
client has been issued this approval/permission to work as a local Buying Agent
in Bangladesh under Section 18A of Foreign Currency Controlling Act of 1947 AD
on behalf of the under mentioned 07 (Seven) Foreign Principals as per prevailing
the validity of the agreement as per under mentioned terms & conditions :-
(a)
M/s. Tayberry & Co., UK.
(b)
M/s. Skin Lingerie Inc., USA.
(c)
M/s. Lutfy Apparel Ltd./Ltee,
Canada.
(d)
M/s. Gerhard Rosch GmbH,
Germany.
(e)
M/s. Paris Geneve Inc., Canada.
(f)
M/s. Sout Mates Collection Inc., Canada.
(g)
M/s. Dozing Off, Canada.
(One)
If any amendment/change is done in the present
contact/agreement with the non-resident principal/principals in this case, it
must be submitted to this department to take required steps within 01 (One) month
of finalization of the said amended/changed contact/agreement. Thereafter if
they execute any new contact/agreement etc. with any non-resident Principal in
this case, submitting it’s copy within 01 (One) month of finalization they must
have receive approval from this department.
(Two)
For facilitating of investigation by the ‘Investigation Team’ of
Bangladesh Bank they shall have to preserve the information regarding each L/C
transfer through a L/C Transfer Register.
(Three)
The will submit the quarterly statement/report of financial commission with full
particulars (By local/foreign currency)
through a specified/spescribed table and
the encashment letter of bank to the Deputy-General Manager, Foreign
Currency Policy Department, Return Branch, Bangladesh Bank, Head Office, Dhaka
in favor of bringing the commission to this country.
(Four)
In favor of their non-resident
Principal they cannot receive loan assistance by any means. In view of doing
any expenditure in favor/in view of Principal it shall have to be done by
bringing the required money from Principal in foreign currency as advance.
-
: 2 :-
(One)
If any imported goods imported by them are lost on the way or missingly
delivered/goods are not delivered to the proper party, if the goods are
delivered to any other party or for their any activity the import value is
decreased they will be liable to bring the price of the imported goods to this
country and if it is required legal steps will be taken.
(Two)
As per prevailing law/by-law if
it is required to receive license/permission/approval from any other authority,
they will not be released from receiving such approval.
(Three)
The copy of latest tax clearance certificate shall have to be
submitted.
(Four)
If any terms & conditions
mentioned above is violated or if it is required Bangladesh Bank preserves the
right to stay/return this approval.
03. In this respect if the
regular statement/report is not submitted regular based by the firm, if any
complain is arisen/established against them, if do not gain the satisfactorily
commission and do not return the gained commission, if they fail to show the
gained commission on the statement accurately and if they violate the Foreign
Currency Rule or direction made by Bangladesh Bank the approval letter of
Bangladesh Bank will be cancelled.
라.
If the concerned dealer bank helps/supports to the violent party who
has violated the condition of the approval letter legal step will be taken
against the concerned dealer bank.
마.
This is hereby advise to your client to submit the “Bank Solvency
Certificate’ regarding financial solvency of the concerned firm with proper
remarks.
Truly Yours,
Sd/- Illegible
(Md. Zahid Hossain)
Assistant Director
Ph.: 7126101-20/2499
No comments:
Post a Comment