The elaboration of BO Account means “Beneficiary Owners Account”. This account is opened with
Central Depository Bangladesh Limited (CDBL) through a Depository Participant (DP) like Tristar
Securities Ltd. (TSSL). It is a mandatory requirement to open a BO Account to invest, and trade
instruments like Share, Bond etc. in the Capital Market of Bangladesh. A BO Account holds marketable
instruments like Shares/Bonds of the Accountholder such as a Bank holds money of the Bank
Accountholder. There are 3 types of BO Account out of which 2 types are for Individual Investors
(Single and Joint Account) and the rest one is company Account which is for institutional investors.
Non Resident Bangladeshi (NRB) need to open “NRB Account” for investing in our Capital Market.
BO Account must be opened through a Depository Participant (DP) like Tristar Securities Ltd. (TSSL).
To open a BO Account, various Forms need to be filled properly which are prescribed by regulators
like BSEC & CDBL. Few documents along with Passport size Photograph (P.P.) also need to be attached
with the BO Account Opening Form. You can fillup the BO Account Opening Form from our website.
You also may collect it from our Designated Offices.
To comply with regulatory requirements, below mentioned documents are required to open a BO
Account:
* For Individual Account (Single and Joint):
01. Three Recent Passport Size Photographs of Applicant(s).
02. Two Recent Passport Size Photographs of Nominee(s). In case of minor nominee, two Passport size Photographs of the Guardian.
03. Two Recent Passport Size Photographs of Authorized Person/POA.
04. Photocopy of NID or valid Passport of Applicant(s).
05. Photocopy of NID or Valid Passport of Authorized Person/POA.
06. Photocopy of NID or Valid Passport of Nominee(s).
07. If Nominee is minor, Birth Certificate of Nominee along with NID or Valid Passport of the Guardian.
08. Bank Certificate/Bank Statement of the Applicant(s).
09. Photocopy of Employee ID Card (applicable only for service holder).
10. Photocopy of Trade License (if profession is business).
* Additional Documents for NRB and Foreign Nationals:
1. Photocopy of Passport with valid Visa (both Single & Joint).
2. Foreign Currency (FC) Bank Account Certificate containing Applicants Name, Parents Name, Address, and Bank Account Number.
3. Photocopy of Service Agreement with the Employer/Work Permit/Residence Permit/Business Documents.
4. Tax Clearing Certificate (in case of Foreign National).
* For Company/Institutional Account:
1. Two Recent Passport size Photographs of the Managing Director (MD)/CEO.
2. Two Recent Passport size Photographs of all Authorized Persons and Signatories.
3. Photocopy of NID or Valid Passport of MD/CEO, Authorized Persons, and Signatories.
4. Board Regulation/Regulation of Governing Body regarding Opening and Operation of BO Account.
5. Photocopy of Trade License, Certificate of Incorporation, TIN and BIN (in any).
6. Photocopy of Memorandum and Articles of Association Certified by RJSC.
7. Photocopy of Schedule X, Form XII Certified by RJSC.
8. Bank Certificate/Bank Statement of the Organization/Trust/Fund/Association.
9. Trust Deed (for Trust only).
10. Photocopy of Constitution/ bye Laws/Rules (for Trust/Association/provident Fund).
11. Re-Organization of Registration (for Trust/Association/Provident Fund).
12. Certificate of Registration (for Trust/Association/provident fund)
* Special Instruction:
1. All Passport size Photographs should be signed by the Respective Person along with Name.
2. In case of Indivisual Account, Passport size Photograph of the Applicant should be attested by the
Introducer and other Passport size Photographs should be attested by the applicant.
3. In case of Company Account, Passport size Photograph of the Managing Director (MD) should be attested by the Chairman of the Organization and other Passport size Photographs should be attested by the MD.
4. In case of Indivisual Account, all documents should be attested by the applicant.
5. In case of Company/Institutional Account, all documents should be attested by the MD/ Authorized Person/Signatories.
* For Individual Account (Single and Joint):
01. Three Recent Passport Size Photographs of Applicant(s).
02. Two Recent Passport Size Photographs of Nominee(s). In case of minor nominee, two Passport size Photographs of the Guardian.
03. Two Recent Passport Size Photographs of Authorized Person/POA.
04. Photocopy of NID or valid Passport of Applicant(s).
05. Photocopy of NID or Valid Passport of Authorized Person/POA.
06. Photocopy of NID or Valid Passport of Nominee(s).
07. If Nominee is minor, Birth Certificate of Nominee along with NID or Valid Passport of the Guardian.
08. Bank Certificate/Bank Statement of the Applicant(s).
09. Photocopy of Employee ID Card (applicable only for service holder).
10. Photocopy of Trade License (if profession is business).
* Additional Documents for NRB and Foreign Nationals:
1. Photocopy of Passport with valid Visa (both Single & Joint).
2. Foreign Currency (FC) Bank Account Certificate containing Applicants Name, Parents Name, Address, and Bank Account Number.
3. Photocopy of Service Agreement with the Employer/Work Permit/Residence Permit/Business Documents.
4. Tax Clearing Certificate (in case of Foreign National).
* For Company/Institutional Account:
1. Two Recent Passport size Photographs of the Managing Director (MD)/CEO.
2. Two Recent Passport size Photographs of all Authorized Persons and Signatories.
3. Photocopy of NID or Valid Passport of MD/CEO, Authorized Persons, and Signatories.
4. Board Regulation/Regulation of Governing Body regarding Opening and Operation of BO Account.
5. Photocopy of Trade License, Certificate of Incorporation, TIN and BIN (in any).
6. Photocopy of Memorandum and Articles of Association Certified by RJSC.
7. Photocopy of Schedule X, Form XII Certified by RJSC.
8. Bank Certificate/Bank Statement of the Organization/Trust/Fund/Association.
9. Trust Deed (for Trust only).
10. Photocopy of Constitution/ bye Laws/Rules (for Trust/Association/provident Fund).
11. Re-Organization of Registration (for Trust/Association/Provident Fund).
12. Certificate of Registration (for Trust/Association/provident fund)
* Special Instruction:
1. All Passport size Photographs should be signed by the Respective Person along with Name.
2. In case of Indivisual Account, Passport size Photograph of the Applicant should be attested by the
Introducer and other Passport size Photographs should be attested by the applicant.
3. In case of Company Account, Passport size Photograph of the Managing Director (MD) should be attested by the Chairman of the Organization and other Passport size Photographs should be attested by the MD.
4. In case of Indivisual Account, all documents should be attested by the applicant.
5. In case of Company/Institutional Account, all documents should be attested by the MD/ Authorized Person/Signatories.
An investor can open maximum 2 BO Accounts in a Single Depository Participant (DP)/TREC Holder
Company. One is Single Account by His/Her own Name, and another is Joint Account with a partner.
This is very easy to apply for an IPO for our Clients. After fulfil the requirements like making minimum
investment, and carrying the required Ledger Balance, express your intention to our company. The
rest will be done by our office.
Fund can be deposited through Cheque, Cash (Maximum Amount Tk. 8 lac in a single day), Online
Transfer (NPSB/BEFTN/RTGS). In case of depositing via Cheque or Cash, you need to Deposit in TSSL’s
respective Bank Account (please contact with our office/official for Bank details). Then inform TSSL
about the Deposit through providing the Deposit Slip to any designated office of TSSL.
In case of online transfer, after successful completion of transfer, please forward the transfer
confirmation notice to any designated office of TSSL.
Withdrawing fund from a BO Account maintained with TSSL is easier than ever. There is no need to
visit our office neither to submit a cash requisition form nor to receive the money.
To withdraw fund from BO Account, request may be send to us through our website. Fund Withdraw
Form can also be submitted to any designated office of TSSL. TSSL will make the payment through
BEFTN to the Bank Account mentioned in the Respective BO Account.
