Dated: 10th August 2024
NOTICE OF THE BOARD MEETING
OF
NICCA BANGLADESH CO., LTD.
Notice is hereby given that the Board of Directors Meeting of NICCA BANGLADESH CO., LTD. will be held at 11:00 AM on 1st September 2024 at Suvastu Suraiya Trade Center, 3A (3rd Floor), 57 Kamal Ataturk Avenue, Block-B, Banani, Dhaka-1213, Bangladesh to transact the following agenda.
To confirm the minutes of the last Board Meeting.
To discuss about the Repatriation of Share Money Deposit (surplus amount of Share Capital Purchase Money).
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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_____________________
Kotaro Takeuchi
Managing Director
NICCA BANGLADESH CO., LTD.
Copy to: All members of the Board of Directors
MINUTES OF THE BOARD MEETING
OF
NICCA BANGLADESH CO., LTD.
The Board Meeting of NICCA BANGLADESH CO., LTD. was held on 1st September 2024 at 11:00 AM at Suvastu Suraiya Trade Center, 3A(3rd Floor), 57 Kamal Ataturk Avenue, Block-B, Banani, Dhaka-1213, Bangladesh.
The following Directors were present at the meeting:
SL.
Name of the Directors
Designation
Signature
1.
Mr. Kotaro Takeuchi Nominee
Director of NICCA CHEMICAL CO., LTD.
Managing Director
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2.
Mr. Yasumasa Emori Nominee
Director of NICCA CHEMICAL CO., LTD.
Chairman
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3.
Mr. Atsutaka Kobayashi Nominee Director of NICCA CHEMICAL CO., LTD.
Director
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Mr. Yasumasa Emori, the Chairman of the company presided over the meeting: Being satisfied with the quorum, the Chairman of the board started the proceeding of the meeting.
Proceeding:
The notice of the meeting was read out and the agenda was taken up for consideration:
Agenda No- 01. To discuss and consider the Minutes of the last Board Meeting:
The minutes of the last Board Meeting were read out and approved unanimously.
Agenda No–02: To discuss about the Repatriation of Share Money Deposit (surplus amount of Share Capital Purchase Money).
The chairman informed that, 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 540,382,500.00 and BDT 10,950.00 After the conversion, there are surplus amount remaining for NICCA CHEMICAL CO., LTD. (BDT 392,500.00) and HONG KONG NICCA CHEMICAL CO., LTD. (BDT 950.00). The company intends to send the surplus amount of Share Capital Purchase Money to it shareholders.
“RESOLVED THAT; The company will repatriate the Share Money Deposit (surplus amount of Share Capital Purchase Money) to NICCA CHEMICAL CO., LTD., (BDT 392,500.00 to Japan) and HONG KONG NICCA CHEMICAL CO., LTD. (BDT 950.00 to Hong Kong) to avoid the imbalance in the shareholding position. The company will seek approval from Bangladesh Bank for the repatriation of Share Money Deposit (surplus amount of Share Capital Purchase Money) which is accepted by the board members unanimously.”
Agenda No - 03: Any other matters with the permission of the Chair:
Since there was no other matter for discussion the meeting ended with a vote of thanks to the Chair.
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_________________
Yasumasa Emori
Chairman
NICCA BANGLADESH CO., LTD.