“Flipping” can describe different transactions: a change in ownership, restructuring before investment, transfer of shares, sale proceeds, dividend, loan, royalty or an exit. The Foreign Exchange Regulation Act, 1947, Bangladesh Bank FEPD instructions, company law, tax law and the authorised dealer’s current requirements may all matter. No automatic permission or remittance result should be promised.
| Question | Primary route | Required caution |
|---|---|---|
| Is foreign exchange involved? | Foreign Exchange Regulation Act, 1947 | Classify the transaction and check the current permission/reporting route. |
| How is a cross-border transaction processed? | Bangladesh Bank FEPD circular route | Use the current authorised-dealer and FEID instruction for the actual facts. |
| What corporate record changes? | Companies Act, 1994 and RJSC route | Record ownership, allotment, transfer and approvals accurately. |
Evidence checklist
Describe the parties, beneficial owners, instrument, consideration, source of funds, corporate approvals, valuation evidence, tax position, foreign-exchange purpose and proposed route. Obtain the current written instruction from the authorised dealer or competent authority where required. Keep filings and receipts. LegalBD does not open accounts, move money, execute investments or submit remittance instructions.
FAQs
Is a share transfer automatically remittable?
No. The instrument, parties, approvals, valuation, tax and current foreign-exchange instructions must be checked.
Does a corporate resolution guarantee Bangladesh Bank approval?
No. Corporate authority is only one part of the regulatory analysis.
Can an investor restructure before investing without reporting?
Not automatically. The proposed ownership and capital movement should be classified and checked before implementation.
Does an authorised dealer replace legal advice?
No. The bank’s operational review and a legal/tax review answer different questions and should be reconciled.
Can this page execute a cross-border transfer or investment?
No. It is an informational source checklist with no foreign-exchange, banking, payment, remittance or investment API.