Custodial Service-NITA

Investment to the Stock Market

Custodial Service-NITA

Investment to the Stock Market

NITA is a facility that is provided to non-resident individuals/institutions including non-resident Bangladeshi nationals who are interested in trading Bangladeshi securities against foreign exchange remitted from abroad. Minimum Account opening balance is USD 100. Commercial Bank of Ceylon also provides Custodian Services for NITA account holders.

No debit card or cheque book is provided.

Custodial Service & NITA

For non-resident inverters who are willing to invest in Bangladesh’s capital market.

Open a Non-resident Investors Taka Account (NITA) with Commercial Bank of Ceylon PLC (CBC).

What is NITA?

This is an account for channeling foreign currency to buy and sell shares and repatriate sale proceeds.

Who can open a NITA account?

Non-resident foreign nationals, non-resident Bangladeshis and foreign companies registered outside Bangladesh.

How to start?

  • Open a NITA account and a beneficiary owner (BO) account with CBC.
  • Open a trading account with a brokerage house. (If you do not have a preferred broker we can recommend a suitable brokering house).
  • Open a foreign currency account with CBC and send in your permittance.
  • Transfer funds to the NITA account to invest in the share market through your broker.

Custodial Service

  • Will maintain beneficiary owned (BO) account with Central Depository Bangladesh Limited (CDBL) in order to trade shares
  • Will hold your shares/stocks in safe custody.
  • Will act as an operator of your stock broker account as per your instruction.
  • Collect $ process right share application upon request.
  • Process buying & selling settlement with nominated broker.

Benefits of Opening an Account with CBC

  • Preferential conversion rate for inward and outward remittances.
  • Monitor your account from anywhere in the world through online banking facility.
  • Enjoy the lowest service charges.

Document Required to Open NITA

Personal Account

  • 5 Copies Passport Size Photograph of Applicant
  • Valid Passport Photocopy
  • 2 Copies of Passport Size Photograph of Nominee (Attested by Applicant at the back of the photo)
  • Passport Photocopy of the Nominee
  • Complete NITA Opening Form
  • Complete BO Account Opening Form

Non Personal Account

  • 2 Copies Passport Size Photograph of Directors
  • 5 Copies Passport Size Photograph of Signatories
  • Valid Passport Photocopy of Directors
  • Valid Passport Photocopy of Authorized Signatories
  • Information Related to Individual Form of Signatories
  • Complete NITA Opening Form
  • Complete BO Account Opening Form
  • Copy of Minutes of Board Resolution Concerning opening & operation of NITA & BO Account duly certified by Chairman/Company Secretary
  • Copy of Certificate of Incorporation attested by Bangladesh High Commission
  • Copy of Memorandum & Article of Association attested by Bangladesh High Commission
  • Certified copy of up-to-date list of directors from relevant registration authority in country of origin attested by Bangladesh High Commission

NITA Opening Form

CDBL BO Account Opening Form

BO authorization for nominated broker

FATCA (US citizen)

What is Mutual Fund Custody?

A mutual fund custodian is a trust company, bank, or similar financial institution that is responsible for holding and safeguarding the securities owned within a mutual fund.

Who appointed Custodian in Mutual Fund?

The custodian is appointed by trustees for safekeeping of physical securities while dematerialized securities holdings are held in a depository through a depository participant. The custodian and depositories work under the instructions of the AMC, although under the overall direction of trustees.

Documents Required To Open Custodian Account For Mutual Fund:

  1. BO Opening Form 
  2. Account opening Form
  3. Approval from Trustee
  4. Registered Trust Deed copy of the Mutual Fund
  5. Approval from BSEC
  6. Investment Management Agreement copy of the Mutual Fund
  7. Board Resolution with signatory list.
  8. NID copy of signatories
  9. 2 (Two) copies photographs of signatories (for each BO Form).
Please contact your nearest branch for more information and opening a NITA.

Terms & Conditions apply
Product information and terms & conditions are subject to change from time to time. Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.

Custodial Service-NITA

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Custodial Service-NITA


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K Sripavan


Mr Kanagasabapathy Sripavan was appointed as the Chief Justice of the Democratic Socialist Republic of Sri Lanka in January 2015 and held office until March 2017. During this period he functioned as the Chairman of the Judicial Services Commission of Sri Lanka, Chairman of the Incorporated Council of Legal Education, Chairman of the Sri Lanka Judges’ Institute and Chairman of the Superior Court Complex Board of Management.

Mr Sripavan was enrolled as an Attorney-at-Law of the Supreme Court of Sri Lanka in 1977. He obtained a Diploma in Industrial Law from the University of Colombo in 1992 and Master of Laws from the University of London in 1994.

He functioned as the Head of the Court of Appeal Unit in the Attorney General’s Department and handled a large volume of work both in the Court of Appeal and in the Supreme Court including Bills and Fundamental Rights Applications. Prior to the elevation to the Court of Appeal Bench he functioned as a Legal Consultant for the National Savings Bank for two years.

He was appointed a Judge of the Court of Appeal in May 2002 and was elevated to the post of President of the Court of Appeal in March 2007 by his Excellency the President. In March 2008 he was elevated to the Supreme Court Bench.