RJSC issues 827 Digital Business Identification (DBID)

Business Desk  :

The Registrar of Joint Stock Companies and Firms (RJSC) has so far issued some 827 Digital Business Identification (DBID) for those operating business in the e-commerce sector.
Earlier in July last year, the Ministry of Commerce made mandatory the registration of DBID in order to bring discipline in the e-commerce sector and also to create credible environment among the buyers and sellers.
Without DBID, no firm or institution can now conduct online business.
These were revealed at a coordination meeting to simplify further the process for availing DBID in order to ensure flourish of digital commerce and improving business environment held at the BIAM Foundation Auditorium in the capital. The Cabinet Division organized the meeting with support from the A2I project and UNDP.
Presided over by Cabinet Division Secretary (coordination and reforms) Mahmudul Hossain Khan, Commerce Ministry joint secretary Mohammad Daudul Islam and Cabinet Division joint secretary M Saiful Islam spoke on the occasion.
Representatives from the concerned stakeholders, businessmen and representatives of the related trade organizations attended the meeting.
The meeting was informed that a Digital Commerce Development Authority is being formed to expand digital commerce and ensure its continuous monitoring.
This proposed authority would act to promote the expansion of market and exports of commodities manufactured by the local entrepreneurs alongside conducting physical inspection of the online operations of the e-commerce firms.
Speaking on the occasion, Mahmudul Hossain Khan said that the main objective for launching DBID is to track the operations of the e-commerce firms through DBID. “It will create a nice business relationship between the buyers and sellers. DBID is playing a special role in bringing in discipline in the e-commerce sector,” he said.
The businessmen in the meeting suggested for simplifying further the registration process of DBID.