Dated: 15 November 2021
NOTICE OF THE BOARD MEETING
OF
MURATA MACHINERY BANGLADESH LTD.
Notice is hereby given that the Board of Directors Meeting of Murata Machinery Bangladesh Ltd. will be held on 15 December 2021 at Paradise Tower (5th Floor), Plot No. 11, Sector No. 03, Uttara, Dhaka, PO: 1230, Bangladesh to transact the following agenda.
To discuss and consider the Minutes of last Board Meeting;
To discuss Gratuity benefits for its workers as a policy of the company.
To discuss the appointment of members of the board of trustees for the management of the Gratuity Fund.
To discuss the Gratuity fund rules and regulations of the company.
To discuss the Gratuity fund approval from the National Board of Revenue (NBR).
Any other matters with the permission of the Chair.
All Directors of the Company are requested to make it convenient by attending the meeting.
By order of the Board of Directors.
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__________________
Noboru Ide
Managing Director
Murata Machinery Bangladesh Ltd.
Copy to: All members of the Board of Directors
MINUTES OF THE BOARD MEETING
OF
MURATA MACHINERY BANGLADESH LTD.
The Board Meeting of Murata Machinery Bangladesh Ltd. was held on 15th December 2021 at Paradise Tower (5th Floor), Plot No. 11, Sector No. 03, Uttara, Dhaka, PO: 1230, Bangladesh.
The following Directors were present at the meeting:
SL.
Name of the Directors
Designation
Signature
Yasushi Takeda
Nominee Director of Murata Machinery, Ltd.
Chairman
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Noboru Ide
Nominee Director of Murata Parts Sales, Ltd.
Managing Director
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Mr. Yasushi Takeda, Chairman of the company presided over the meeting:
The agenda of the meeting was read out by the president of the meeting.
Proceeding:
Agenda No – 01: To discuss and consider the Minutes of last Board Meeting:
The minutes of the last Board Meeting was read out and approved unanimously.
Agenda No – 02: To discuss Gratuity benefits for its workers as a policy of the company:
It has been proposed that the Company establish a gratuity fund for the benefit of its employees in accordance with the provisions of Section 2(10) of the Bangladesh Labour Act 2006 (as amended in 2013 & 2018); the Board of Directors has reviewed and considered the proposal, and believes that establishing such a fund would be in the best interests of the Company and its employees;
“RESOLVE THAT; the company will establish a Gratuity Fund (A Provident Fund entitled “MURATA MACHINERY BANGLADESH LTD. EMPLOYEES CONTRIBUTORY PROVIDENT FUND) for the benefit of its employees in accordance with the provisions of Section 2(10) of the Bangladesh Labour Act 2006 (as amended in 2013 & 2018) and it has been approved unanimously”.
Agenda No – 03: To discuss the appointment of members of the board of trustees for the management of the Gratuity Fund:
The Chairman informs the board regarding the appointment of the member of the “Board of Trustees” for the management of the Gratuity Fund,
“RESOLVE THAT; the appointment of Mr. Noboru Ide, Mr. Khandoker Zahidul Azad, Mr. Muhammad Rafiqul Islam, Mr. MD. Ahshan Kabir Khokan, Mr. S.M. Kafee (Bipul) has been approved by the board member for managing the Gratuity Fund and the above persons shall be responsible for managing the Fund and ensuring compliance with all applicable laws and regulations.”
Agenda No – 04: To discuss the Gratuity fund rules and regulations of the company.
The Chairman described the Employees Gratuity Fund Rules and Regulations to board member and served a copy of Gratuity Fund Rules and Regulations to each member of the Board,
“RESOLVE THAT; all the clauses and sections of the Employees Gratuity Fund Rules and Regulations have been accepted and approved unanimously by the member of the board.”
Agenda No – 05: To discuss the Gratuity fund approval from the National Board of Revenue (NBR)
The Chairman informs the willingness of the company for getting Gratuity fund approval in accordance with the provisions of Section 2(5A) of the Income Tax Ordinance 1984
“RESOLVE THAT; the Board of member hereby authorizes the Company's officers and employees to take all necessary actions to implement this resolution, including executing any documents, agreements or other instruments necessary to get the approval of the Fund and it is hereby directed to file any necessary documentation with the appropriate government agencies and to take all other actions necessary to comply with applicable laws and regulations.”
Agenda No - 06: Any other matters with the permission of the Chair:
Since there being no other matter for discussion the meeting ended with a vote of thanks to the Chair.
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________________
Yasushi Takeda
Chairman
Murata Machinery Bangladesh Ltd.