Capital of BCB TV is Tk 50 crore, 50 lakh shares of Tk 100 have been allotted

Bangladesh Cricket Board (BCB) has announced to bring its own channel called 'BCB TV'. The country's richest cricket organization is working hard to achieve its goals. Already registered as a private limited company named 'BCB TV Limited'.

As per the Companies Act, 1994, BCB TV Limited was registered from joint stock. Its capital or authorized capital or authorized capital is 50 crore rupees. The number of shares of the company is 50 lakh, each share is priced at 100 rupees. RisingBD has confirmed the facts after reviewing the documents of BCB TV.

Out of the capital of Rs 50 crore, Rs 10 crore is paid up capital. Against which 10 lakh shares have been blocked. 1 in the name of BCB President Nazmul Hasan Papon and 9 lakh 99 thousand 999 shares in the name of Chief Executive Officer Nizam Uddin Chowdhury on behalf of the Cricket Board.

Media Committee Chairman Tanveer Ahmed Titu confirmed to RisingBD that the remaining 4 million shares will be allotted as per requirement. Titu said on the phone, 'BCB TV's capital is 50 crores. Paid up capital 10 crores. Against that, 10 lakh shares have been blocked. One in the name of the President and the rest in the name of the CEO. The rest of the shares will be blocked if necessary as per time.'

Being a private limited company, BCB TV cannot go to the stock market. However, shares cannot be issued in the name of anyone who is not related to the board. BCB has already finalized such a decision.

“We don't have the opportunity to go to the stock market. But these shares will not be given in the name of any outsider. The remaining shares will be held by the elected directors of BCB. Later, if the director changes, it will be in the name of the new one who will come,' said Titu.

BCB TV's management committee will be formed in a few days. However, two directors Mahbub Anam, Ismal Haider Mallick and CEO Nizam Uddin Chowdhury Sujan, in charge of finance department Abdul Mannan have been made responsible for the financial transactions of TV.

The board wants to run BCB TV as a profitable channel. The business model has also been finalized so far. After obtaining all kinds of government licenses, the visible work will begin along with the recruitment of infrastructure manpower. However, the main purpose of the channel is to broadcast all types of sports of the country including domestic ones. BCB President said this after the AGM yesterday.

Papon said, 'Usually two TVs show our games in Bangladesh. Now we will show all the games they don't show on our own TV.'

“At present, the women's series and the Premier League are going on along with the Tests. These two games are not showing. Now we will try to show the main team games as well as the rest of the games. We want to show domestic cricket on TV. If it is shown on TV then the quality of domestic cricket will increase. Any problem with umpiring will be caught. All in all, we want to show all possible games'- added the BCB president.