BB_18B (2)

CooVo @ (i) r ii) (iii) (iv) (v) (vi) (vii) (viii) (ix) (x) (xi) obc'"'c pi-ovis;ons is vioia'ceii by the company. 03) You are advised to comply with the Condition No. against 1 Foreign Employee) and inform us thereby. 5 of the BOI permission letter (5 Local Employee Yours faithfully sd1- (Most. Kaniz Fatir,.ra) Assistant Director Phone-9530010-29 Ext.2836 CoBla.f6r*urded for information and necessary action to:- VCtt. Hong Kong NICCA Chemical Limited. A-11, Redwood Apt., PIot # 87, Road # 25, Banani, Dhaka. Assistant Director srb <RqrcF.t<ft(F' (Gryfilq 3r'tq$ q{ qtRqtrc-.r) et{FrFrfr{s qFRH,Etsl-)ooo TltqEqz[ Foreign Ex. Investment Department ( Bra nch/Liaison Office Section) Ref: FEID/729 lB-7322/2075- Manager Bank Asia Limited Central Trade Service Unit (CTSU) Phoenix Bhaban (moon Mansion) 5th Floor, l2,Dilkusha C/A Dhaka- 1000 Dear Sir, Permission under Section 18B of the Foreign Exchange Reoulation Act, 1947. A/C:- M/s. Hono Kono NICCA Chemical Limited. Please refer to your letter dated 22.12.2014 on the captioned subject' O2) you have our permission in favor of your client M/s. Hong Kong NICCA Chemical Limited. under Section 188 of the Foreign Exchange Regulation Act, 1947 to maintain a Liaison Office in Dhaka, Bangladesh on the following terms and conditions and also the conditions as mentioned by the Board of Investment, vide their letter dated 21.08.2014:- This permission shall remain valid from the date of this letter to 30l06/2A17. No other business excepting those mentioned in the Board of Investment's above ietter should be undertaken by the company. Ail expenses of the company including salaries of the employees (both foreign and local) will be met out of remittances received from sources abroad through normal banking channel. The company will not be allowed to defray the above expenses from any local sources or out of borrowings from local sources. No outward remittance of any kind from Bangladesh sources will be allowed. This permission shall not entitle the company to open any other office in Bangladesh ; This permission does not in any way absolve the company from obtaining necessary licence/ permission/approval otherwise required from any other authority as per any }aw ln force in the country from time to time ; The Company will have to obtain renewal of this permission from this Department before expiry of its validity. Tax clearance certificate (income tax and other taxes, if any) should be submitted to this Department in due time. The company will have to obtain permission from this Department under Section 18A of F'E.R' Act, 7947 in respect of foreign empioyee(s) to be acpointed by them. Any change of their present address should be intimated to this Department before the probable change is actuated. Bangladesh Bank reserves the right to suspend/withdraw this permission if deemed necessarv or anv of the Date: A7 .01.2015 cqFf s Ub-o{-bceoo)o-t€, hcaoqoo-eb, Trfq I bb-o{-bcrla9t}t, www. bb.org.bd