Process
of gift/transfer of listed securities outside the trading
system of the Exchange under regulation 47 of the Dhaka
Stock Exchange (Listing) Regulations, 2015
Detailed
Version
Step 1: Download
Required Form
http://www.dsebd.org/share-transfer.php.
A.
Forms for gift/transfer of listed securities as per
Regulation 47 of the Dhaka Stock Exchange (Listing)
Regulations, 2015:
1. Annexure-6 under Schedule-B [Applicable for transfer
of securities by way of gift among the family members
i.e. spouse, son, daughter, father, mother, brother
and sister]
2.
Annexure-7 under Schedule-B [Applicable for (i) Transfer
of securities for execution of a Court order; (ii)
Acquisition of securities in consideration of other
than cash; and (iii) Transfer of shares in case of
confiscation/loan default.]
B.
Acquisition cost declaration format for tax purposes
(If the transferor is a sponsor/ director/placement
holder)
Step 2: Duly fill
up the Applicable Forms:
Use
applicable forms as mentioned in Step 1.
Step
3: Verify Signature:
Signature of the transferor should be verified by the
authorized officer of the Issuer/Asset Manager/Depository
Participant along with their name, date and seal with
designation).
Step 4: Documents
to be enclosed
For
Annexure-6 under Schedule-B:
1. National ID Card/Passport of both transferor and
transferee(s) attested by the signature verifier;
2. Updated BO-ISIN holding report (DPA6) of both transferor
and transferee(s);
3. Shareholding/unit holding position of both transferor
and transferee(s) (if transferor/transferee(s) are
sponsor/director) issued by the issuer/asset manager;
4. If the transferor is a sponsor/director, acquisition
cost declaration format for tax purposes;
5. In case of transfer of entire holding of shares
by sponsor/director, extract of Board Resolution;
6. Any other documents required by the Exchange.
For
Annexure-7 under Schedule-B:
1.
If transferor or transferee is an institution, extract
of Board Resolution;
2. Updated BO-ISIN holding report (DPA6) of both the
parties;
3. Shareholding/unit holding position of both seller/transferor
and buyer/transferee(s) issued by the Issuer/Asset
Manager;
4. Loan agreement between lender and borrower highlighting
specific provision about authorization of confiscation
of securities in case of default;
5. Necessary documents for pledged shares (i.e., DP26,
DP32, DP89, Form 17-1, Form 17-2, etc);
6. Necessary documents as a proof of default;
7. Attested photocopy of National ID card of both
seller/transferor and buyer/ transferee (in case of
individual);
8. Any other documents required by the Exchange.
Step
5: Submit application form for approval along
with relevant Documents.
Step 6: Pay service
charge and Advance Income Tax (AIT) (if applicable)
through Pay Order in favor of 'Dhaka Stock Exchange
Limited' at the time of receiving approval letter.
1.SERVICE
CHARGE CALCULATOR
(To calculate click on the button) |
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2.
ADVANCE INCOME TAX (AIT) CALCULATOR
(To calculate click on the button) |
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Example: Mr. X wants to transfer 10,000
shares of ABC Company Limited and closing price per
share of ABC Company Limited is Tk. 30. How much service
charge has to pay by Mr. X?
Total Market Value of transferred
shares = (No. of shares * Closing Price)
=
(10,000 * 30)
= Tk. 300,000
So, Service Charge has to pay by Mr. X = (Total Market
Value * 0.05%)
= (300,000 * 0.05%)
= Tk. 150
Therefore,
Mr. X has to pay Tk. 150 as service charge.
- Advance
Income Tax (AIT): 5% on Capital Gain of transferred
shares/units
Example: Mr. X is a sponsor director
of ABC Company Limited who wants to transfer 10,000
shares and closing price per share of ABC Company
Limited is Tk. 30. Acquisition Cost (weighted average
cost) per share is Tk. 14. How much Advance Income
Tax has to pay by Mr. X?
Total
Market Value of transferred shares = (No.
of shares * Closing Price Per Share)
= (10,000 * 30)
= Tk. 300,000
Total
Acquisition Cost of transferred shares
= (No. of shares * Acquisition Cost Per Share)
= (10,000 * 14)
= Tk. 140,000
Total
Capital Gain of transferred shares
= (Total Market Value – Total Acquisition
Cost)
= (300,000-140,000)
= Tk. 160,000
So, Advance Income Tax has to pay by Mr. X = (Total Capital
Gain* 5%)
= (160,000 * 5%)
= Tk. 8,000
Therefore,
Mr. X has to pay Tk. 8,000 as Advance Income Tax (AIT).
Note: AIT is applicable for Sponsor/Director/Placement
Holder.
Step
7: Submit declaration:
Submit
declaration form to BSEC and Exchanges prior to execution
of transfer (in case of sponsor/director/placement holder)
Declaration
for buy/sell/transfer of shares/units as per Listing
Regulation 34 (1) & (2):
