Central Depository Bangladesh Limited (CDBL)
Depository Account (BO Account) opened with CDBL Participant
Terms & Conditions – Bye Laws 7.3.3(c)
CDBL Participant: Dhaka / Chittagong / Sylhet, Bangladesh
Dear Sir,
Please open a Depository account (BO Account) in my/our name(s) on the terms and conditions
set out below. In consideration of EMPEROR SECURITIES & WEALTH MANAGEMENT LTD (the “CDBL Participant”)
opening the account and providing depository account facilities to me/us, I/we have signed the BO
Account Opening Form as a token of acceptance of the terms and conditions set out below.
1. Agreement and Regulations
I/we agree to be bound by The Depositories Act, 1999, Depositories Regulations, 2000, The Depository (User) Regulations 2003, and abide by the Bye Laws and Operating Instructions issued from time to time by CDBL.
2. BO Account Identification
CDBL shall allocate a unique identification number to me/us (Account Holder BOID) for the CDBL Participant to maintain a separate Account for me/us, unless instructed otherwise. The CDBL Participant shall ensure that my/our securities shall not be mixed with its own securities.
3. Fees and Charges
I/we agree to pay such fees, charges and deposits to the CDBL Participant as mutually agreed for opening and maintaining my/our account and providing related services. The payment of 150 BDT is non-refundable.
4. Account Holder Responsibilities
- Accuracy of all information provided in the account opening form.
- Authenticity of submitted certificates and documents.
- Ownership of securities submitted for dematerialization.
- Maintaining sufficient securities balance for transactions.
- Informing changes in address, bank details, nomination, signature, etc.
- Providing accurate identification details while subscribing to securities.
5. Change of Account Information
I/we shall notify the CDBL Participant regarding any changes in account particulars at the earliest. The CDBL Participant shall not be responsible for losses caused due to failure to provide updated information.
6. BO Account Nomination
- The nominee shall receive/draw securities held in the account after the Account Holder's death.
- If the nominee is a minor, the legal guardian shall receive/draw securities.
- The nominee shall have rights over the securities as authorized by the Account Holder.
7. Account Closure
I/we may request closure of my/our BO Account provided no pending instructions, fees, or charges remain unpaid.
8. CDBL Participant Responsibilities
- Act only upon instructions from the Account Holder or authorized persons.
- Maintain proper audit records of transactions.
- Ensure sufficient securities before processing debit instructions.
- Provide account statements as required.
- Resolve grievances and complaints promptly.
9. Termination of Account Relationship
The CDBL Participant may terminate the account relationship in case of non-payment of fees, fraudulent documents, illegal activities, or misconduct.
10. Declaration
I/we hereby acknowledge that I/we have read and understood the above terms and conditions for operating Depository Account (BO Account) with CDBL Participant and agree to comply with them.