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15th March 2022
The General Manager
Foreign Exchange Investment Department
Bangladesh Bank
Head Office, Dhaka-Bangladesh
Through: Standard Chartered Bank, Dhaka.
Subject: Explanation for not having MOA (Memorandum of Association) for a Japanese company.
Dear Sir,
I would like to inform you that P.S. Mitsubishi Construction Co., Ltd. have obtained permission on 01 July 2021 from Bangladesh Investment Development Authority (BIDA Ref No: OPN-22Jun2021-00001) to set up a Branch Office to undertake the work as mentioned in the BIDA permission document.
I would like to mention that, P.S. Mitsubishi Construction Co., Ltd. is incorporated under the Companies Act of Japan. As per the act of Japan, there is no “MOA (Memorandum of Incorporation)” for Japanese companies. All the issues are written in “Articles of Incorporation” and “Certificate of all present matters”. All content of “MOA (Memorandum of Association)” is covered by “Articles of Incorporation” and “Certificate of all present matters”.
Therefore, it is requested to accept “Articles of Incorporation” and “Certificate of all present matters” instead of MOA “(Memorandum of Association)” as well as accept this letter as intimation in your record according to the Foreign Exchange Regulation (Amendment) Act, 2015.
Sincerely,
Yuji Kato
Country Manager
P.S. Mitsubishi Construction Co., Ltd.