SL.
No Type Particulars Focus Number Issue Date
1 BB Liquid asset reserve Obligation free balance kept at other bank/FI DFIM-27 23-Aug-21
Correction of BODs of Borrowing Company in CIB
2 BB 3 months CIB No-2/201 10-Oct-21
Data
3 BB Loan and lease rescheduling- Master Circular Rescheduling of fixed term loan and short term loan and down poyment DFIM-09 14-Sep-21
4 BB Loan Classification One time exit loan benefit duration extended up to 31 Dec 2021 BRPD-45 4-Oct-21
Statement of VAT deducted and paid against service by non-resident to be
5 BB Service payment- Non resident submitted within 7 days of next months by Commercial bank to NBR and FE-21 25-Aug-21
VAT agent
Sponsors and directors other than ID jointly maintain 30 % of Paid up capital
(all time)
- Otherwise company will not raise capital through RI, RPO
6 BSEC Minimum Share capital holding - each directors other than ID must hold minimum 2% of Paid up Capital Notification 21-May-19
otherwise it will create casual vacancy of directors
- company will have to fill casual vacancy within 30 days with 2% minimum
paid up capital holding directors
Bonus share issue declared as PSI
No bonus share issue without justified reasons like - reason of issue and utilization of procceds
7 BSEC Notification 23-May-19
BMRE -issued out of accumulated profit or share premium
- no bonus share declare from capital reserve or revaluation reserve
Company shall;
-notify address of physical venue and web link for e-voting
-exercise voting on proposed resolution through paper ballot or electronic
ballot
-voting system shall have pre-registration for attendance, casting vote and log
register
-proxy form to be sent in hard copy/ soft copy in online system
Hybrid system of holding AGM & EGM (Physical
-e-voting sytem opened at least 24 hours not exceeding 72 hours prior to
8 BSEC presence and connection of shareholders through digital Directive 10-Mar-21
meeting
platforms
-issuer company will provide one-way live-streaming of the meeting
-independent party may provide e-voting sytem
-Stock exchange nominates any senior officer to oversee the whole voting
process
-due process of election to be authenticated by the concerned stock exchange
or independent scrutinizer appointed by issuer and report to be submitted
within 48 hours after the completion of the meeting
BOD will appoint add 2 ID with prior approva;l of commission and they will
continue untill 30% compliance ensured
-a committee made of ID including add ID to oversee the progress of 30%
compliance
-ID sent quarterly report on progress of 30% compliance within 10 dAYS of
quarter end
-the shall conduct its AGM/EGM through hybrid system within 45 days of
Failure of sponsors and directors to comply with 30% issuance of this directives
9 BSEC Directive 10-Dec-20
paid up share holding all the time -CDBL shall form 3 members Election Committee(EC) to monitor and
conduct the election in the general meeting
-CDBL will provide list of eligible candidates of minimum 2% share holding
- whole process through online
-due process of election to be authenticated by the CDBL
- Commissioner send a observer to oversee the whole process
-Commissioner will play the role of appellate authority and and their decision
will be final
Fixed/announced/declared AGM or EGM to be held
10 BSEC ensuring voting rights and others laws and regulations of BSEC Directive 23-Mar-21
using Digital platform
ID appointed by commission not included in the particulars of directors of the
company (form Xii)
-such ID not provide any personal guarantee of company's loan or liabilities
Further conditions Imposed by BSEC for failure to
-such ID shall not be a loan defaulter of such company
comply with;
-BoD shall form a sub-committee of at least 3 members including at least one
- traded as Z category not try to improve condition
ID in addition to Audit committee and NRC committee
11 BSEC - sponsors and directors failure to jointly hold 30% Directive 22-Mar-21
-BoD shall conduct at least 4 meetings in a financial year
share
-Such Sub-committee shall conduct 4 meetings in a financial year
- not operating properly
- all directors including ID shall be entitled to remuneration not exceeding
-not providing dividend for more than 3 years
8000 BDT
-Such ID appointed by Commission shall report on compliance and progress
within 10th of each month of gregorian calendar year
SL. No Type Particulars Focus Number Issue Date
Calculation of Net interest income from Consolidated Customers's
Accounts (CCA);
-Net interest income from CCA=Gross interest income from CCA-annual
account maintenance cost-bank charge-other charges
-Effective int from CCA=[Net interest income from CCA/weighted avg credit
balance(day-end basis) of the CCA of the year]*100
Calculation and distribution of Net interest income
-Distributable amount of Net interest income from CCA=(weighted avg credit
12 BSEC from Consolidated Customers's Accounts (CCA) by Directive 21-Jun-21
balance(day-end basis) of the CCA of the year*Effective int rate from CCA)
registered stock brokers of SEC
within 30 days from the end of the financial year
Eligibility of Net interest income from Consolidated Customers's
Accounts (CCA);
-minimum credit balance of 100,000 tk remains in customer's account for
continuous period of atleast 1 month in a FA
-interest income of at least 500 tk accrued for customers a/c in a FA
Team;
-sufficient manpower including a legal adviser
-leagal advsier shall have at least 5 years experience
-Shariah advsier shall have at least 5 years experience in Islamic Fiqh
-no compliance officer involved more than 10 debt or ISBS
-Compliance officer shall have 5 years experience
13 BSEC Appointment and exposure of a Trustee Directive 13-Sep-21
Exposure;
-trustee involved not more than 40 debt or ISBS at a time
-total exposure not exceeding 100 times of paid up capital or net worth
-If net worth is less than paid up capital then total exposure not exceeding 75
times of net worth
-directors of trustee will not be bank defaulter
when company;
-transfers share money deposit into share capital it can not be rejected after
Share money deposit to be taken into EPS that
14 FRC Gazette 2-Mar-20
consideration -share money deposit to be converted into share capital within 6 months
-before conversion of share money deposit into share capital treated as
potentail share capital and taken to EPS calcu;ation
Inclusion;
Notification-on-Definition-of-the-public-interest- -Total revenue of 5 crore of previous year
15 FRC Gazette 29-Jun-20
company-PIEs -Total assets of 3 crore
-Total liability excluding shareholders equity of 1 crore
Every PIE shall;
-Treat forfeiture amount of PF as "Other operating Income"
Uncollected amount to be treated as other operating loss
-If trustee of PF pays higer amount than regualar rate they need to be
Notification-on-Provident-Fund regarding treatment of accountable for explanation
16 FRC Gazette 15-Jul-20
forfeiture amount -if audit firm fails to give adverse opinion on higher rate of PF payment by
Tustee then they will be punished u/s 48 of FRA 2015
-PF audit report to be submitted to FRC within 120 days from the year end
-any contravention of any points of this Gazette will cause penalty of 5 lacs or
imprisonment of 5 years or both
Enlisted auditor of PIE will sign on PIE's Report by following Format;
Name of Firm
17 FRC Notification-on-Sign-Pattern-on-Audit-Report Registration number of firm Gazette 19-Jan-21
Signature of auditor
Name of auditor, partner/enrolment no
1. Chariman or Board of Executive committee or audit committee or risk
management committee of the bank to be appointed as a Board memebr of any
Notification on restrictions imporsed to ensure subsidiary company or foundation of the said bank. BRPD
18 BRPD 11-May-22
discipline in banking operation and management 2. No shareholder, nominated or alternate director, independent director after CIRCULAR-15
serving in the board for more than 1 year, can hold any position of regular or
contract basis in the said bank
For the use of Chairman of the Board and the Mnaging Director, bank can
19 BRPD Avoidance of high expense 7-Dec-22
replace their existing vehicles after 8 years.