বুধবার, ২০ ডিসেম্বর, ২০১৭

Format of Undertaking

UNDERTAKING

(I) We,  (X Ltd.. (address) represented by its Managing Director/Chief Executive Officer} duly authorized by the Board of Directors to execute this Undertaking,
(2) 1, [full name], S/o or D/o [father’s name] / W/o [husband’s name], of [permanent address, at present — present address], aged about years, by faith — ____________, by profession — businessman, by nationality — Bangladeshi (by birth),


(3) 1, [full name), S/o or D/o [fathers name] I W/o [husband’s name], of [permanent address, at present — present address, aged about years, by faith — _________, by profession — businessman, by nationality — Bangladeshi (by birth),
(4) We, [Y Ltd., (address) represented by its Managing Director/Chief Executive Officer] duly authorized by the Board of Directors to execute this Undertaking, and
(5) 1, [fulI name], S/o or D/o [father’s name] I W/o [husband’s name], of [permanent address, at
present — present address), aged about — years, by faith — ____________, by profession —
______ by nationality — Bangladeshi (by birth) —
do hereby solemnly affirm, say and undertake as follows:

1.   That We, [X Ltd], I, [full name of (2)] and I, [full name of (3)] are the Shareholders and Directors of [name and address of the Proposer Company] (Company) and being desirous of transfer of our [number of) shares in the Company, offered [Y Ltd.] [and full name of (S)] and they accepted the offer,

2.   That we all being desirous of completing the transaction in accordance with the concerned   laws of  Bangladesh including the Bangladesh Telecommunication Regulation Act, 2001 (Act, 2001), do hereby declare that neither [Y Ltd.] nor Mr/Ms. [full name of(5)] is barred by any provision especially Section 36(3) of the Act, 2001, or any other law of   Bangladesh, or guideline, directive, direction,   instruction, order, notice, decision, judgment, decree or any other legal, judicial or executive   instrument or document       issued by any Court of law, or the Government of Bangladesh (GoB), or the     Commission    and as such is eligible for obtaining a telecommunication license. We do simultaneously  undertake that the change in the shareholding which will be caused of the very transfer of    shares, will not affect the continuity of the activities under the [full name of) license     bearing No.     ______,‘dated ________ issued in favour of the Company by the Bangladesh Telecommunication        Regulatory Commission (Commission).

3.   That the above statements are true and correct to the best of our knowledge and belief. In   case any of the above statements be proven wrong, we do hereby bind ourselves and as   such shall remain jointly and severally liable to each and every kind of legal remedies        available to the Gob/Commission, and none of us or any of our representatives shall have      any right or authority to raise any claim against or objection to such remedy, which claim or           objection, if raised to any Court, Authority, Organization or any other person whosoever,       shall be treated as null and void, having no legal effect and shall be liable to be rejected.

IN WITNESS WHEREOF WE ARE SIGNING AND EXECUTING THIS UNDERTAKING IN OUR OWN WILL FREE FROM ANY KIND OF INFLUENCE, COERCION OR ILLNESS (MENTAL OR PHYSICAL WHATSOEVER), AFTER READING IT COMPLETELY AND CAREFULLY AND UNDERSTANDING IT FULLY AND CORRECTLY, AND KNOWING CLEARLY ALL THE CONSEQUENCES OF SIGNING AND EXECUTING THE SAME, ON THIS THE DAY OF 20__.

WITNESSES (Signature and seal):                   1. (signature and seal)

1.                                                                     2. (Signature and seal)                                                       



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