60B. Application by a body corporate being a finance corporation sponsored by the Government for exemption of investments by an assessee not being a company

¹[60B. Application by a body corporate being a finance corporation sponsored by the Government for exemption of investments by an assessee not being a company---      

(1) A body corporate being a finance corporation sponsored by the Government desiring to be declared by a body corporate engaged in or formed for the purpose of carrying on the business of investments in or advancing loans to industrial, agricultural or house building sectors in Bangladesh within the meaning  of  paragraph  8  of  part  B  of  THE  SIXTH  SCHEDULE  to  the ordinance shall made an application to the Board duly filled in the form given hereunder:-

(1) Name of the body corporate:
(2) Location of its registered office:
(3) Date of incorporation, if applicable:
(4) Date of commencement of business; if any;
(5) Nature of business:
(6) Whether the body corporate has been established by or under an Act of parliament:
(7) Whether the approval of the Government has been obtained to the capital issue; if so, the amount permitted to be issued:
(8) Authorised share capital of the body corporate and classess of share and their value:
(9) The amount of share capital issued or proposed to be issued and the classes of shares and their value:

Date………………..                                                                           Signature of the
Chairman/Managing
     Director/Director

                                                              VERIFICATION

I,…………………………… , do hereby solemnly affirm that the information given is correct and complete.

Date………………..                                                                          Signature of the
Chairman/Managing
     Director/Director

(2)  The application shall be accompanied by the following documents, namely:-
 

(a) The Act of parliament by which the body corporate was established with an attested copy thereof;
(b) Certificate of the commencement of business, if any, with an attested copy thereof;
(c) An attested copy of the letter from the Government authorising the issues of the capital;
(d) In the case of a body corporate that has already commenced business, certified copies of the audited balance sheet and profit and loss accounts for the last three years (or any lesser period for which the accounts have been prepared); and
(e) The names and addresses of the Managing Director and other Directors and their shareholdings, if any;
 

(3)  On receipt of the application under sub-rule (1), the Board may made such enquires and call for further information as it may deem necessary.
(4)  If the Board is satisfied that the body corporate should be declared as an approved undertaking  within  the  meanin~  of  paragraph 8  of  part  B  of  THE  SIXTH SCHEDULE to the Ordinance, it shall made an order to that effect and send a copy thereof to the body corporate.]

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¹.Ins. by S.R.O. No 338--L/91,dt.19-12-1991 subsequently omitted by  S.R.O.  151-L/95,dt.28-08-1995.

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