The government has recently directed all the buying houses in the garment and textile sector in Bangladesh to get registered with the Department of Textiles to run business in the country.In a gazette notification issued on May 28, the Textiles and Jute Ministry said that as per the section 14 of Textile Act 2018, all the buying houses must have to be registered with the DoT within 60 days of the issuance of the notification.
The Ministry also said that if any buying house sought time extension with valid reasons, the registrar could allow 60 more days. If any buying house fails to obtain registration on time, the government will take legal action against the company as per law. According to the Textile Act 2018, the Department of Textiles is the sponsoring authority of all textile and clothing industries. The buying houses will have to get registered with the department for running their business in the country. Earlier, on April 1, the Ministry issued a gazette notification detailing what would be the procedure for the registration of buying houses with the DoT.
It said that the buying houses would have to file application with the DoT with the documents of updated trade licence, income tax certificate, certificate of incorporation as limited company, estimated yearly turnover and bank solvency certificate. The Ministry has set Tk 20,000 as fee for the registration and it would have to be paid through bank draft or pay order. Subject to receiving documents and if necessary, inspection report, the registrar would give registration within 60 days of submitting application and the validity of the registration certificate would be three years.