Breaking News
June 13, 2022 - Proposed budget seems to be a challenging one: BCI
June 13, 2022 - Equip ‘testing labs’ with modern tech for int’l accreditation: DCCI
June 9, 2022 - Six-Point Demand led to liberation: Joy
May 26, 2022 - Chevron: Soft Skill Bangla App “uttoron” Launching Ceremony
May 26, 2022 - Take care of environment while taking up development projects: PM
May 26, 2022 - Tourism must grow enabling Bangladesh to achieve SDGs: FBCCI
May 26, 2022 - A five-member delegation led by Bangladesh Chamber of Industries (BCI) President Anwar-ul-Azim holding a meeting with Dr Angelika Fleddermann, Country Director of GIZ at the latter’s office in the city on Tuesday.
May 26, 2022 - Modhumoti Bank Limited, rec has been awarded with Letter of Appreciation by Bangladesh Bank (BB) for 100% disbursement of special stimulus refinance scheme for Covid-19 affected agricultural sector. BB Governor Fazle Kabir handed over the letter to Md. Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank Limited, at BB headquarters recently. Top executives from both sides were present.
May 26, 2022 - Energy-power sector master plan to be ready by Nov
May 26, 2022 - Hassan O. Rashid, Managing Director & CEO of Prime Bank Limited, inaugurates the first-ever 24X5 Trade Shop Service Initiative at a programme in the capital recently. Top officials of the bank were present.
May 23, 2022 - Big, Bold, Beautiful: The all-new Nissan Magnite launched in Bangladesh Loaded with first-in-class features, the B-SUV combines a ‘carismatic’ design, powerful performance and advanced technologies to be the ideal companion for city adventures
May 23, 2022 - Private bank, NBFI employees come under BB overseas travel ban
May 23, 2022 - Max Group Chairman receives IEB’s lifetime recognition
April 30, 2022 - Plastic pollution: A serious threat to environment
April 22, 2022 - Sheikh Rakibul Karim, CEO (CC) of Guardian Life Insurance Limited (GLIL) and Adil Islam, Country Head of Bank Al- Falah Limited, exchanging document after signing an agreement in the capital recently. Under the deal, all the employees of the bank and their families will enjoy group insurance benefits. Top officials from both sides were present.
April 22, 2022 - Walton gets huge customers response to its digital campaign
April 17, 2022 - FBCCI President Md Jashim Uddin speaks at a seminar organised by the apex trade body at its office in the capital on Saturday.
April 17, 2022 - Kyser Hamid, Managing Director and CEO of Bangladesh Finance, inaugurating the new branch of Bangladesh Finance Securities at Chowhatta in Sylhet recently. A.H.M Nazmul Hasan, Managing Director and CEO of Bangladesh Finance Securities, Borun Prasad Paul, Managing Director and CEO of BD Finance Capital Holdings Limited and local elite were present.
April 15, 2022 - Mobile money industry processes record $1.0t globally in 2021
April 15, 2022 - BSCIC fair begins in city
April 15, 2022 - Promote ‘Made in Bangladesh’ brand
April 13, 2022 - Trust deed signed for Tk100cr Golden Jubilee Fund
April 13, 2022 - E-commerce thrives in Bangladesh rapidly
April 13, 2022 - Farman R Chowdhury, Managing Director and CEO at Al-Arafah Islami Bank Limited and Syed Mohammad Kamal, Country Manager of Mastercard Bangladesh, pose for photo after launches the country’s first contactless Islami debit and prepaid cards at a hotel in the capital on Tuesday. Other top officials from both sides were present.
April 13, 2022 - Ibrahim new CEO of PPP Authority
April 7, 2022 - Eshita made first Bangladeshi Bikroy.com CEO
April 7, 2022 - Nasimul Baten, Managing Director and CEO of Delta Brac Housing Finance Corporation Limited (DBH), inaugurating its 13th branch at Moni Chottor in Shaheb Bazar of Rajshahi city on Sunday. A K M Tanvir Kamal, DMD & Head of Credit, Saiyaf Ejaz, Head of Administration & Recovery, Md. Zakaria Eusuf, Head of Loan Operations, Sabed Bin Ahsan, Head of Deposits, Business Planning & Alternate Channels and other senior officials of the company were present.
March 21, 2022 - No cut in VAT on beauty parlour services
March 17, 2022 - Berger inaugurates new flagship outlet in Chittagong
March 17, 2022 - Nagad, Dana enables financial access to the underserved
ICSB urged upon NBR to bring focus of Corporate Governance in the ensuing National Budget

ICSB urged upon NBR to bring focus of Corporate Governance in the ensuing National Budget

RN Desk: ICSB Team urged upon the NBR to bring focus of Corporate Governance in its policy in framing the national budget 21-22 keeping in view the requirement of the economy. ICSB team led by the President of the Institute Mr. Muzaffar Ahmed FCS, FCMA attended a Pre-Budget 2021-22 Meeting with Mr. Abu Hena Md. RahmatulMuneem, the Chairman of NBR on March 2, 2022.During the meeting, Mr. Azizur Rahman FCS, Senior Vice President of the Institute and Sharif Hassan FCS, Council member facilitated the President and made a detailed presentation on various issues.

During the meeting the President of ICSB offered heartfeltthanks tothe Chairman, NBR for inviting ICSB at the meeting to present suggestions on the up-coming national budget. He also expressed deep gratitude to Mr. Muneemfor his due attention towards the various points raised by the Team.

Mr. Muzaffar emphasized that the ICSB has been formed through the enactment of the law to promote and facilitate corporate governance in the country. The team opined that the main problem of the corporate sector at present is the governance.The ICSB members have been serving the corporate sector as Company Secretary, CFO, Board Director and in many senior positions and contributing significantly in the economy management. They are implementing budget, providing and assisting the company to pay taxes in order to make the company compliant so that the company could continue its business as agood corporate citizen.

He has put forward some suggestions to NBR for its consideration in framing the upcoming national budget. He emphatically stressed that at this stage of economy NBR is a leading agent of development instead of being just a revenue collecting tool of the government. Therefore, NBR’s policies and procedures should be directed towards economy management to achieve the desired level of economic target.

Mr. Muzaffar suggested that the NBR should frame the upcoming budget keeping in view the fact that the economy is now in a transitional point where the government is striving to upgrade the economy with better quality of life, social safety net development, public health, infrastructure development supported by soft infrastructure. The national budget should reflect the above in a holisticapproach. In order to follow the above guideline, he suggested NBR to frame the budget and its policies that strengthenthe related institutes and facilitating them to participate in achieving the Budget goal.

He mentioned that ICSB, ICMAB and ICAB are the government supporting professional institutions imparting education and promoting economic management. Its members are involved directly with the economy and dealing with finance and corporate management. They are in a better position to facilitate the NBR to implement its policies and guidelines. The services of these institutes may be increasingly utilized through policy support, like using the services of members in income tax, VAT collecting agent, Tax practices and giving them some authorities to take the responsibility to support NBR in revenue calculation and collection.He suggested that NBR should recognize these three institutionsas quasi-NBR Institutions with general and specific responsibilities. He categorically mentioned that the ICSB members although allowed to work in the VAT sector, but still they are not recognized for tax practices; and suggested that NBR has nothing to lose if the ICSB members are allowed to practice tax and other related issues. Therefore, the ICSB team drew special attention of NBR towards the above issue.

The ICSB President demanded that ICSB, ICMAB and ICAB members may be given the responsibility of certification of the accuracy of the Income Tax Returns, VAT returns keeping in view that the institutes will take the responsibility to trainthe membersappropriately to support NBR.

About author

AWARD

Pori to act in Tauquir’s next

Pori to act in Tauquir’s next

RN Desk;Pori Moni will be seen as the heroine in Tauquir Ahmed’s next film. She will be accompanied by Lux…

Reflection Team

বাংলা

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

আবদুল্লাহ বঙ্গবন্ধুর আদর্শের পরীক্ষিত সৈনিক ছিলেন: প্রধানমন্ত্রী

: প্রধানমন্ত্রী শেখ হাসিনা ধর্ম বিষয়ক প্রতিমন্ত্রী ও একাত্তরের মুক্তিযুদ্ধের প্রবীণ নেতা অ্যাডভোকেট শেখ মোহাম্মদ আবদুল্লাহর মৃত্যুতে শোক জানিয়েছেন। এক…

Recent Video

Photo Gallery

Folder not found
wp-content/uploads/2012/02/