Apology Letter for late submission of 18B

Date: 15th April 2025 The Director, Foreign Exchange Investment Department,  Head Office, Bangladesh Bank. Dhaka. Through: United Commercial Bank PLC, Corporate Branch, Plot - CWS- (A)-1, Road No - 34, Gulshan avenue, Dhaka-1212. Subject: Apology letter for late submission of attached document for “Notification on the opening of Establishment Representative Office under Section – 18B of Foreign Exchange Regulation (Amendment) Act, 2015”. Dear Sir, I would like to inform you that we MN Inter-Fashion Ltd. have obtained first time BIDA permission on 27th July 2022 for 3 years from Bangladesh Investment Development Authority (BIDA Ref No: OPN-03Jul2022-00001) in order to set up a Representative Office to undertake the work as mentioned in the BIDA permission document. I also would like to inform you that we have submitted the required 18B form directly to Bangladesh Bank on 28.08.2022. Due to lack of information of the Foreign Exchange Regulation (Amendment) Act, 2015, and a lack of competent personnel, we inadvertently missed reporting the opening of the Representative Office to Bangladesh Bank through the Authorized Dealer (AD) Bank, as required under Section 18B of the Foreign Exchange Regulation (Amendment) Act, 2015.” I acknowledge that this is a violation rule and I apologize for the mistake. Here we have attached the Bangladesh Bank intimation letter under section 18B submission copy. It is a request to accept our apology as well as accept this letter as intimation in your record according to the Foreign Exchange Regulation (Amendment) Act, 2015. Sincerely Yours, 🗸 __________________ Takashi Nakahashi General Manager MN INTER-FASHION LTD. (Bangladesh Representative Office)