Business laws and regulations of Bangladesh
Recently Directorate of Registration amended the Fixation of Lowest Market Price of Property Rules, 2010. The Rules was promulgated by government in 2010 to fix a minimum market price of properties so that people cannot evade stamp duty and taxes.
The recent amendment replace Rule no.5 and set out a new regulations for fixing the lowest market price of properties. Under the new regulations- [Read more…] about The Fixation of Lowest Market Price of Property Rules, 2010 got amended
Government through a gazette on July 23, 2015 published the Power of Attorney Rules 2015. It was promulgated under the Power of Attorney Act 2012.
From practical perspective, it is a very important rules as it prescribed how a power of attorney should be drafted and in some cases, what power could be delegated.
Ministry of Law, Justice and Parliamentary Affairs on October 27, 2014 published the new ‘Bangladesh Registration Rules, 2014’. It will replace the Bangladesh Registration Rules, 1973. The new rules will become effective from November 16, 2014.
In 2004, government made some significant amendments in the Registration Act 1908. At the same time, government also amended the Transfer of Property Act 1882. And in 2012 parliament enacted the Power of Attorney Act 2012. In the light of these new legislation, the amendment of the registration rules was necessary.
[Read more…] about Bangladesh Registration Rules 2014 published