Plea filed seeking stay on share transfers of 7 conglomerates

The central intelligence cell of National Board of Revenue (NBR) has asked the authority concerned to suspend transfer of shares of seven big companies of the country immediately.

NBR recently issued letter to the office of registrar of joint stock companies and firms in this regard.

The letter mentioned that the request for suspension of transfer (purchase, sale and donation) of shares of certain companies was made under the Section-223 of the Income Tax Act-2023.

The companies are – Bashundhara Group, Orion Group, Summit Group, Beximco Group, S. Alam Group, NASA Group and Third Wave Technologies Limited (Nagad Limited).