8 NICCA BANGLADESH CO0, LTD.
Date: 20h October 2024
Lot No. C6, Bangladesh Special Economic Zone (BSEZ), Sonpara, Panchrukhi Via Rupganj Araihazar
Narayanganj-1460 Bangladesh Tel: +880255033391
The Director
Foreign Exchange Investment Department (FEID)
Bangladesh Bank, Head office, Motijeel C/A, Dhaka-1000, Bangladesh.
Through: HSBC Bank Limited, Management Office, Level 4, Shanta Western Tower 186 Bir Utam Mir
Shawkat Ali Road Tejgaon Industrial Area, Dhaka 1208
Subject: Seeking approval for the Repatriation of Share Money Deposit (surplus amount of Share
Capital Purchase Money).
Dear Sir,
This is Kotaro Takeuchi, Managing Director of NICCA BANGLADESH CO, LTD. (100% foreign-owned
entity). I would like to inform you that, the company was incorporated in Bangladesh on 0s October 2023.
We have taken land in the Bangladesh Special Economic Zone (BSEZ) and registered under BEZA.
In order to form the Private Limited Company NICCA BANGLADESH CO., LTD." (having total paid-up
capital BDT. 540,000,000.00; BDT 10.00 per share) the shareholders namely NICCA CHEMICAL CO.,
LTD. (having 53,999,000 no. of shares) and HONG KONG NICCA CHEMICAL CO., LTD. (having 1,000
no. of shares) send remittance to purchase share capital USD 4,935,000.00 and USD 100.00 respectively.
After converting the foreign currency into Bangladesh Taka, the amount stands for BDT S40,382,500.00
and BDT 10.950.00. Please find below details for your kind information:
SL
1
2
Non-resident Shareholders
NICCACHEMICAL Co., LTD, JAPAN
HONG KONG NICCA CHEMICAL LTD,
HONG KONG
Sincerely,
Incorporation Shares
Kotaro Takeuchi
05October 5,39,99,000
2023
Managing Director
NICCA BANGLADESH CO., LTD.
1,000
Per
shares
A ctiv ate Y o ur Life
BDT
After the conversion, we have some surplus amount remaining for NICCA CHEMICAL CO., LTD. (BDT
392,500.00) and HONG KONG NICCACHEMICAL CO, LTD. (BDT 950.00).
10.00
We know that as per the regulations of Bangladesh, the surplus amount needs to be remitted back or allotted
as share capital after a certain period. There willbe an imbalance in the shareholding position if we allot the
surplus amount as share capital. To avoid the above issue we want to remit back surplus amount of Share
Capital Purchase Money to Japan and Hong Kong.
In this circumstance, it is requested to allow us to repatriate the surplus amount of Share Capital Purchase
Money which is currently kept as Share Money Deposit.
ENVELOPE RECEIVED Docunenta nct ventia
HSBC
de
BDT
Amount
2 1 0CT 2024
53,99,90,000
sWT Dispatch
10,000