E-commerce regulation: businesses must register within 2 months

All e-commerce businesses will need to register with the Ministry of Commerce within the next two months.

In addition, they will need to post a bond with the Bangladesh Bank.

Prime Minister Sheikh Hasina gave the guidelines at a cabinet meeting yesterday. She virtually joined the meeting, held at the Secretariat, from Gono Bhaban.

The directives came against a backdrop of alleged forgery and embezzlement of customer money by some e-commerce companies, including Evaly.

After the anomalies were discovered, the government took action to fix the problem.

Informing reporters after the meeting, Cabinet Secretary Khandker Anwarul Islam said: “E-commerce companies will have to register with the Ministry of Commerce within the next two months according to a specific schedule.

In addition, they will have to deposit an amount of collateral with the Bangladesh Bank so that customers can be paid for it if anything happens, he said.

“The Bangladesh Financial Intelligence Unit and intelligence agencies have been given clear instructions to verify the characteristics of these companies.”

Guidelines have also been given to conduct mass campaigns to educate people not to transact with unauthorized e-commerce companies, the cabinet secretary said, adding that the list of registered e-commerce companies will be released. .

The government will not take any responsibility if anyone transacts with unregistered e-commerce companies, Anwarul said.

Last week, the cabinet secretary said the government wanted to subject e-commerce companies to a strict system of supervision and regulation to stop fraud.

“E-commerce businesses cannot be shut down. Therefore, they must all be subject to a monitoring and registration system. [process for] surveillance and registration have been settled, ”he said.

ATTIA FOREST LAW (CONSERVATION)-2021

Yesterday, the cabinet approved in principle the Attia Forest (Conservation) Bill -2021.

Anwarul stated that the centuries-old Attia Forest on approximately 45,000 acres of land in Tangail was declared a reserve forest during British rule in 1927.

After the liberation war, an ordinance was passed to save the forest, he said.

Admitting that many parts of the forest have been occupied, the cabinet secretary said the prime minister has given directions to immediately conduct a digital survey of the forest.

The Land Ministry, in cooperation with the Forestry Department and relevant deputy commissioners, will investigate and find out which parts of the forest have been seized.

“We have to admit that a lot of people live there,” he said, adding that residents cannot be evicted overnight.

Hasina gave directions to find a solution to the residence problem of people who have lived there for ages without damaging the forest.

Responding to a question, Anwarul said, “You cannot say how many people live in the forest area without conducting a survey. That is why directives were given to conduct an investigation.

On a huge backlog of forest-related crimes, the cabinet secretary said the prime minister had given clear instructions on examining these cases and removing those that had no basis .

The Justice Department will review the cases, but proceedings in serious cases will continue, he said.

Anwarul said that investigations will be carried out not only on Attia Forest, but others as well.

PUBLIC HOLIDAYS

The cabinet also approved yesterday 22 public holidays for next year. Six of these holidays will fall on weekends.

In 2022, there will be 14 public holidays and three of them will coincide with weekends, the cabinet secretary said.

In addition to public holidays, eight public holidays will be observed by decree.

Source link

About Julie Gray

Check Also

Arive raises $ 20 million for instant delivery service beyond groceries and essentials – TechCrunch

The instant purchase and delivery of food and other essentials has been one of the …

Leave a Reply

Your email address will not be published. Required fields are marked *