Closure procedure
Under the Section 383 of the Act, if any foreign company ceases to have a place of business in Bangladesh, it shall forthwith give notice of the fact to the register and as from the date on which notice is so given. The obligation of the company to deliver any document to the register shall cease, provided it has no other place of business in Bangladesh.
For closure this attachment will be needed
• Copy of the public notice (to be published in any recognized national print media at least 3 (three) months prior to the closure of the foreign office in Bangladesh).
• Copy of the office permission
• Board resolution by parent company regarding the office closure
• Up-to-date audit report
• Up-to-date Income Tax Clearance Certificate of the organization under Section-89 of Income Tax Ordinance 1984
• Up-to-date bank statement
• All dues settlement certificate
• NOC from house owner
• Copy of cancelation of work permit of all expatriates
• Declaration mentioning that all liabilities including all taxes (both organizational & individual) and other future financial dues will be borne by the parent company
• Additional information with proper documents (if any)