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25-799: Dutch-Bangla Bank PLC was established under the Bank Companies Act 1991 and incorporated as a public limited company under the Companies Act 1994 in Bangladesh in June 1996. It was a Dutch-Bangladesh joint venture and first Bangladeshi-European joint venture of bank in Bangladesh. DBBL commenced formal operation from June 3, 1996. The Bank is listed with the Dhaka Stock Exchange Limited and Chittagong Stock Exchange Limited . In November 2007, Md Yeasin Ali

50-484: A company director, provided they are not disqualified on one of the following grounds: The members must agree to take some, or all, of the shares when the company is registered. The memorandum of association must show the names of the people who have agreed to take shares and the number of shares each will take. These people are called the subscribers. There is a minimum share capital for public limited companies: before it can start business, it must have allotted shares to

75-539: A director of Dutch-Bangla Bank Limited, transferred his shares of bank to Horizon Associates. The Netherlands Development Finance Company sold their entire stake in Dutch-Bangla Bank in November 2019. Detective Branch arrested four people, including an IT personnel of Dutch-Bangla Bank Limited, for embezzling 25.7 million BDT from the bank in June 2021. In 2022, Dutch-Bangla Bank was one of nine banks that held 60% of

100-422: Is 23 minutes. Because the electronic process requires compatible software that works with Companies House eFiling service, companies are usually formed through a Company Formation Agent. Every company must deliver an annual return to Companies House at least once every twelve months. It has 28 days from the date to which the return is made up to do this. Failure to file a return is a criminal offence, for which

125-601: Is Tk. 500,000, which is divided up to 250 shares each pricing Tk. 2000. No individual or firm can buy more than one share. According to the stock market rule, only members can participate on the floor and buy shares for themselves or their clients. At present, it has 238 members. The market capitalization of the Dhaka Stock Exchange reached nearly $ 9  billion in September 2007 and $ 27.4  billion on 9 December 2009. The management and operation of Dhaka Stock Exchange

150-614: Is entrusted on a 25 members board of directors. Among them 12 are elected from DSE members, another 12 are selected from different trade bodies and relevant organisations. The CEO is the 25th ex officio member of the board. The government has appointed Professor Shibli Rubayat Ul Islam, who teaches banking and insurance at Dhaka University, as the chairman of Bangladesh Securities and Exchange Commission, reports bdnews24.com. The following organisations are currently holding positions in DSE Board: The Dhaka Stock Exchange

175-606: Is one of the largest private donors in Bangladesh. The bank donates towards social awareness programs, medical and educational fields. Dhaka Stock Exchange The Dhaka Stock Exchange ( DSE ) ( Bengali : ঢাকা স্টক এক্সচেঞ্জ Dhaka stôk ekschenj ), located in Nikunja, Dhaka , is one of the two stock exchanges of Bangladesh , the other being the Chittagong Stock Exchange . In January 2023, DSE and Nasdaq announced their partnership with trading technology. It

200-468: Is open for trading Sunday through Thursday between 10:00   am – 2:30   pm BST , with the exception of holidays declared by the Exchange in advance. In the month of Ramadan , the exchange is open for trading between 10:00   am – 2:00   pm BST . There are a total of 651 Securities and 397 companies listed on this Stock exchange. The listing provides an exclusive privilege to securities in

225-599: The Northern Ireland Executive 's Department of Enterprise, Trade and Investment , but since then Northern Irish company registrations, as with those of the rest of the United Kingdom , have been handled by Companies House. Formation of a public limited company requires a minimum of two directors and one secretary (differing from country to country: in India three directors are required). In general terms anyone can be

250-522: The Republic of Ireland . It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called publicly traded companies . A PLC can be either an unlisted or listed company on

275-538: The stock exchanges . In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with ccc , an abbreviation for cwmni cyfyngedig cyhoeddus . However, some public limited companies (mostly nationalised concerns) incorporated under special legislation are exempted from bearing any of

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300-569: The excess liquidity in the Bangladeshi market. In March 2023, 112.5 million BDT from a transport van of the bank in Uttara Model Town . An agent banker of Dutch-Bangla disappeared from Kishoreganj District with 200 million BDT in clients money. DBBL maintains its own network and automation. DBBL has over 4,930 ATM's installed all over Bangladesh, making it the largest network in Bangladesh. On 10 October 2010, DBBL inaugurated its 1000th ATM at

325-481: The exchange losing 1,800 points between December 2010 and January 2011. Millions of investors have been rendered bankrupt as a result of the market crash. The crash is believed to be caused artificially to benefit a handful of players at the expense of the big players. Public limited company A public limited company (legally abbreviated to PLC or plc ) is a type of public company under United Kingdom company law , some Commonwealth jurisdictions, and

350-518: The factory premises of the GlaxoSmithKline, Chittagong. On 3 June 2010, Dutch Bangla Bank announced internet payments gateway system (Nexus Gateway). Using their Internet Payment Gateway merchants are able to charge their customers' Visa, Masters, DBBL Nexus and Maestro cards online. Presently DBBL has more than 400 e-commerce Merchants. Mobile Apps: DBBL Recently Launched Nexus Pay App For Their Customers. Dutch Bangla Bank supports social work and

375-663: The first quarter of 2011. Millions of investors lost their money and came out onto the street blaming the speculators and regulators for the bubble that finally burst in what became known as the 2011 Bangladesh share market scam . Currently, there are 22 industrial sectors in DSE which accommodate 625 listed companies. Dhaka Stock Exchange (DSE) is a public limited company . It is formed and managed under Company Act 1994, Security and Exchange Commission Act 1993, Security and Exchange Commission Regulation 1994, and Security Exchange (Inside Trading) regulation 1994. The issued capital of this company

400-572: The following categories: Bearer shares are no longer possible, as they were abolished in the UK by the Small Business, Enterprise and Employment Act 2015. Any existing bearer shares had to be converted to registered shares before February 2016, or face cancellation. A PLC has access to capital markets and can offer its shares for sale to the public through a recognised stock exchange. It can also issue advertisements offering any of its securities for sale to

425-705: The identifying suffixes. The term "public limited company" and the "PLC"/"plc" suffix were introduced in 1981; prior to this, all limited companies bore the suffix "Limited" ("Ltd."), which is still used by private limited companies . When a new company incorporates in England and Wales or in Scotland , it must register with Companies House , an executive agency of the Department for Business and Trade . Prior to October 2009, companies in Northern Ireland were registered with

450-572: The increase on Form 123 – must reach Companies House within 15 days of being passed. No fee is payable to Companies House. A company can decrease its authorised share capital by passing an ordinary resolution to cancel shares which have not been taken or agreed to be taken by any person. Notice of the cancellation, on Form 122, must reach Companies House within one month. No fee is payable to Companies House. A company may have as many different types of shares as it wishes, all with different conditions attached to them. Generally, share types are divided into

475-503: The officers of the company may be fined. There is an annual document-processing fee of £40 if filed by paper (or £13 for users of the Electronic Filing or WebFilings services), which must be sent to Companies House with the annual return. Both a private company limited by shares and an unlimited company with a share capital may re-register as a plc, but a company without a share capital cannot do so. A private company must pass

500-475: The public. In contrast, a private company may not offer to the public any shares in itself. The following documents, together with the registration fee are sent to the Registrar of Companies: The key difference with the paper process is that there is no Form 12 and requirement for a statutory declaration. This significantly speeds the process: the record at Companies House for the formation of an Electronic Company

525-449: The stock exchange. Only listed shares are quoted on the stock exchange. A stock exchange facilitates transparency in transactions of listed securities in perfect equality and competitive conditions. Listing is beneficial to the company, to the investor, and to the public at large. The trading indices are DSE Broad Index (DSEX), DSE Shariah Index (DSES), DSE 30 Index (DS30), CDSET. The bullish market turned bearish during November 2010, with

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550-413: The value of at least £50,000. A quarter of them, £12,500, must be paid up. Each allotted share must be paid up to at least one quarter of its nominal value together with the whole of any premium. A company can increase its authorised share capital by passing an ordinary resolution (unless its articles of association require a special or extraordinary resolution ). A copy of the resolution – and notice of

575-435: Was changed according to IFC on 1 November 1993. The automated trading was initiated on 10 August 1998 and started on 1 January 2001. A central securities depository system was initiated on 24 January 2004. As of 16 November 2009, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 4000 points for the first time, setting another new high at 4148 points. In 2010, the index crossed 8500 points and finally crashed in

600-477: Was first incorporated as East Pakistan Stock Exchange Association Ltd on 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd on 23 June 1962. It was again renamed as Dacca Stock Exchange Ltd on 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, and DSE was started on 16 September 1986. The formula for calculating DSE all share price index

625-624: Was reappointed managing director of Dutch-Bangla Bank Limited. Robbers in Gazipur stole 12 million BDT from an ATM of Dutch-Bangla Bank. Abul Kashem Md Shirin was appointed managing director of Dutch-Bangla Bank replacing KS Tabrez in November 2016. In June 2019, a group of foreign hackers stole 1.6 million BDT from ATMs of Dutch-Bangla Bank in Dhaka. In June, it emerged that the bank lost 3 million USD to cyberattacks which also targeted NCC Bank Limited , and Prime Bank Limited . In July, Abedur Rashid Khan,

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