Tuesday, October 22, 2013

Board Meeting Resolution of First Meeting

MINUTES OF 1ST  BOARD MEETING


Minutes of the 1st Meeting of the Board of Directors of S & F CONSULTING FIRM LIMITED held on ...day, the ....August, 2011 at 4 P.M. at the Registered Office of the Company


Directors Present

  1. Mrs........................               Chairman

  1. Md. Forhad Hossain           Managing Director

As named in the Articles of Association of the company, Mrs.................... took the chair as Chairman of the meeting and welcomed the other member present at the meeting. The Chairman called the meeting to order.

After threadbare discussions, the following decisions were made:

Agenda 01.01
Appointment of Chairman

“Resolved that Mrs........................ be and is hereby confirmed as Chairman of the Company in pursuance with the Articles of Association of the Company.”

Agenda 01.02
Appointment of Managing Director (MD)

“Resolved that Md. Forhad Hossain be and is hereby appointed Managing Director of the Company in pursuance with the Articles of Association of the Company.”

Agenda 01.04
Allotments of Shares

“Resolved that the Allotment of shares of the company will be as follows:

            Name                                      Designation               Quantity of Shares

            Mrs...........................                  Chairman                    10,000

            Md. Forhad Hossain                   Managing Director      10,000

Agenda 01.05
To Issue Shares Certificate

“Resolved that Share Certificate shall be issued as allotment is made above in Agenda No. 01.04 with Distinctive Number”
“Resolved further that Md. Forhad Hossain, Managing Director of the Company be and is hereby authorized to issue Share Certificates by name within specified time limit as per Articles of Association of the Company and The Companies Act 1994 with the requisite signatories on the Certificate under common seal of the Company.”

Agenda 01.06
Common seal of the Company
The Board approved the design of Common Seal of the Company and passed the following resolution:

“Resolved that the Common Seal of S & F CONSULTING FIRM LIMITED be and is hereby approved which to be affix on Share Certificate, different Agreements/Deed and documents as stated in the Articles of Association of the Company and the Companies Act 1994.”

“Resolved further that Md. Forhad Hossain, Managing Director of the Company shall initiate proper measures for safe custody of the Common Seal of the Company.”

Agenda 01.07
To appoint first Auditors of the Company


  
Agenda 01.08
Date, Time and Venue of next Board Meeting

The next meeting of the Board of Directors of the company shall be held on 10th ..May, 200.... at the Registered Office of the Company at 11 A.M.

The Board took a note of the same

There being no other business to discuss the meeting ended with a hearty vote of thanks to the chair.






Mrs...................
Chairman



S & F CONSULTING FIRM LIMITED 
It is recognized as leading foreign company consultant in Bangladesh.
www.sfconsultingbd.com
Email: info@sfconsultingbd.com
Mobile: +880 01914444795, +880 01790220729
Dhaka, Bangladesh
  • Company Registration (100% foreign ownership, Branch Office opening, Joint Venture),   
  • All license & permission from government,
  • factory set up, Remittance, Profit Transfer, Labor, Employment & Other.
  • Income Tax
  • Audit
  • Legal matter
Read More »
Posted by No comments:

Friday, September 06, 2013

Visa & Work permit

S & F CONSULTING FIRM LIMITED
www.sfconsultingbd.com
Email : info@sfconsultingbd.com
Mobile: +880 01914444795



Foreign national can enter and work in Bangladesh in the subsidiary of a foreign company (irrespective of whether 100% foreign owned or a joint venture), in a liaison or branch office or in any Bangladeshi company.

PI or E Type Visa
Documents
 Papers/documents needed for recommendation of PI or E type visa application in favour of the expatriate(s) to be employed in Branch/Liaison Office and other Private and Public Enterprise
  1. Copy of the permission letter for Branch/Liaison Office if not submitted earlier
  2. Board resolution for employment of foreign nation(s) mentioning salary & other benefit.
  3. Passport size photographs of the expatriate(s)
  4. Memorandum & Article of Association and Certificate of Incorporation of the company duly signed by Shareholders, if not submitted earlier.
  5. Photocopy of passport.
  6. Service contract/agreement or appointment letter in case of employee.
  7. Certificates of all academic professional & experience for employees.
  8. Paper clipping showing advertisement made for recruitment of local personal prior to appointment of the expatriate(s).
  9. Statement of manpower showing list of local & expatriate personal employed with designation, salary break-up, nationality and date of first appointment.
  10. Encashment certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for branch/liaison offices and locally incorporated/join-venture and 100% foreign ownership companies.
 Note:    All documents to be attested by the Managing Director/Managing Partner/Proprietor of the Company/Firm.  
Work Permit
Documents
 The following papers/documents are required for New Work Permit in favour of the expatriate (s) employment in Branch/Liaison Office and other private Public Enterprise  
  1. Attested copy of the permission letter for Brach/Liaison Office/Company.
  2. Commercial Enterprise from the appropriate authority, if not submitted earlier
  3. Application in prescribed form along with passport size photographs of the expatriate(s) attested by the Managing Director/Managing Partner/Proprietor/appropriate authority.
  4. Board resolution regarding employment of foreign national(s) including salary & other benefit to be provided.
  5. Memorandum & Article of Association and Certificate of Incorporation of the company duly signed by Shareholders, if not submitted earlier.
  6. Attested photocopy of passport with arrival stamp ‘E’ type visa for employee and ‘PI’ type visa for investors.
  7. Attested copy of service contract/agreement and appointment letter in case of employee
  8. Attested copies of all academic, professional & experience certificate for employee.
  9. Paper clipping showing advertisement made for recruitment of local personal prior to appointment of the expatriate(s).
  10. Statement of manpower showing list of local & expatriate personal employed with designation, salary break-up, nationality and date of first appointment.
  11. Encashment certificate of inward remittance in favour of Liaison/Branch office for the last 2 years.
  12. Encashment certificate of inward remittance of minimum US$ 50,000 as initial establishment cost for branch/liaison offices and locally incorporated/join-venture and 100% foreign ownership companies.
  13. Up-to-date income tax certificate for branch office locally incorporated companies in Bangladesh.

Note:    All documents to be attested by the Managing Director/Managing Partner/Proprietor of the Company/Firm.  
Read More »
Posted by No comments:

Required License to set up foreign company in Bangladesh

S & F CONSULTING FIRM LIMITED
www.sfconsultingbd.com
Email: info@sfconsultingbd.com
Mobile: +880 01914444795





Industrial Registration Application
Application for BOI Industrial Registration with following supporting documents:
a. Project Profile
b. MOA
c. AOA
d. Land Information & Document
e. Machinery Details
f. Financing sources
g. TIN
h. IRC
i) ERC
j) BOI Recommendation Letter (for Visa)
k) Visa Application
l) Work permit
m) Environment Certificate
n) Social Compliance
Business Licenses are required
1 . Approval of Factory Plan
2 . Bonded Warehouse License Customs Bond Commissionerate (CBC)
3 . Certificate of Incorporation
4 . Environmental Clearance Certificate Department of Environment (DOE) http://www.doe-bd.org/
5 . Export Registration Certificate (ERC)
6 . Fire License Fire Service and Civil Defense (FS&CD)
7.  Import Registration Certificate (IRC)- Office of the Chief Controller of Imports & Exports (CCI&E)
8 . Registration of Foreign Investment/ Joint Venture- Board of Investment (BOI)
9 . Registration of Local Investment Projects - Board of Investment (BOI)
10 . Tax Holiday Certificate National Board of Revenue (NBR)
11 . Tax Identification Number (TIN) National Board of Revenue (NBR)
12 . Trade License for a Commercial Firm-  Dhaka City Corporation
13 . Trade License for a Manufacturing Firm - Dhaka City Corporation
14 . Trade Marks Registration - Department of Patents, Designs & Trademarks (DPDT)
15.  VAT Registration National Board of Revenue (NBR)


Read More »
Posted by No comments:

Foreign Company Formation in Bangladesh

Company Formation in Bangladesh

Company is formed as limited liability, limited by guarantee, private limited or public limited company. Foreign company's branch office is registered also by the permission of BOI, Board of Investment, Bangladesh.


How to register a limited liability company? A limited liability company is registered or incorporated by the registrar office, RJSC, Bangladesh. How many partners are required to form a new company? There are at least two partners required to incorporate a new company as Company Act 1994.

What is the procedure of registering or incorporation a pvt limited company? Registering a pvt limited company there are two partners required and both partners shall be containing age of 18 (eighteen) years. Both of them can be Bangladeshi or foreigner or may both. How long time may require to complete a company incorporation? To complete a pvt limited company there shall need 30 days to 90 days in total, but the time can be extended more. 

How much capital is required to register or incorporate a new company in Bangladesh? Company can be formed by Taka 100 to below 50 lac (5 millions) in case of pvt limited company. Total cost to formation of a new company can be calculated US$ 1999 to US$ 6000, depend upon type of company and number of permission.
To know detail is requested to visit: Company registration procedure in Bangladesh 

Read More »
Posted by 1 comment:

Tuesday, August 13, 2013

How to open Branch Office of Foreign Company in Bangladesh ?

How to open Branch Office of Foreign Company in Bangladesh

S & F CONSULTING FIRM LIMITED is the largest business service provider in Bangladesh. It expand service of business in Europe, USA, Asia & Middle East with customers satisfaction. It has large professional people to make the customers smile.

<img src="Image/branch.png" alt="Branch office, liaison office, representative office in Bangladesh"/>



How to open branch office of a foreign company in Bangladesh ? A brief procedure is given for your information :
- Take approval from Embassy of Bangladesh where  origin of the Business.
- Company basic information
- Board of Directors info
- Financial report (Audited)
- Purpose of Business area
- Appoint Attorney (Legal Representative S & F CONSULTING FIRM LIMITED)
- Board Resolution
- Others

In terms of Bangladesh:

- Board of Investment
- Bangladesh Bank
- Ministry of Industry
- Employment
- Labor Law
- Visa 
- NBR (Income Tax )
- Foreign Currency Account
- Others



Contact to:
S & F CONSULTING FIRM LIMITED to get legal advise for pre & post service of the company. 
Email : info@sfconsultingbd.com
Direct Mobile: +880 1914444795
Dhaka, Bangladesh

Read More »
Posted by 3 comments:
Subscribe to: Posts (Atom)