RegAlert

Rule · BSEC · 31 Jul 2018

Amendment to Notification No. SEC/CMRRCD/2009-193/114/Admin.28 dated October 02, 2011

securities

The Securities and Exchange Commission of Bangladesh amends the Securities and Exchange Rules, 1979 to prohibit the acquisition of listed shares through barter or exchange with other parties. This restriction applies to any listed company, effectively banning non-cash transactions for share acquisition. The amendment modifies the existing notification dated October 2, 2011, and was gazetted on September 6, 2018.

BangladeshBangladesh Securities and Exchange Commission

Registered No. D.A-1
Bangladesh Gazette
Extraordinary
Published by Authority
Thursday, September 6, 2018
[ Notifications and Orders issued to Private Persons and Corporations ]

Securities and Exchange Commission
Notification No. SEC/CMRRCD/2009-193/114/Admin.28

The Securities and Exchange Commission, in exercise of the powers conferred by Section 120 of the Securities and Exchange Ordinance, 1969 (Ordinance No. XXVII of 1969), hereby amends the Securities and Exchange Commission Notification No. SEC/CMRRCD/2009-193/114/Admin.28 dated October 02, 2011, gazetted on September 24, 2011, as follows:

In the said notification, in paragraph 6, sub-paragraph (a), the words "or exchange" shall be deleted.

This notification comes into force on October 31, 2018.

Md. Lal Hossain, Deputy Director, Bangladesh Government Printing Press, Tejgaon, Dhaka, is hereby authorized to print.

Md. Abdul Malek, Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka, is hereby authorized to publish.

Ref: 11047

Value: Tk. 4.00

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Ordinance No. XXVII of 1969Not in RegAlertOrdinance No. XXVII of 1969 — Not in RegAlertNotification-Conditions underSection 2CC in case of issuance f…2011 · BSECNotification-Conditions under Section 2CC in case of issuance for the Security other than rights and bonus share (2011-10-02)Amendment to Notification No.SEC/CMRRCD/2009-193/114/Admin…2018-07-31 · this documentAmendment to Notification No. SEC/CMRRCD/2009-193/114/Admin.28 dated October 02, 2011 (2018-07-31)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (2)
Amends
Issued under
  • Ordinance No. XXVII of 1969Not in RegAlert

    “in exercise of the powers conferred by Section 120 of the Securities and Exchange Ordinance, 1969 (Ordinance No. XXVII of 1969)”

Timeline

This document amends: Notification-Conditions under Section 2CC in case of issuance for the Security other than rights and bonus share

More like this from BSEC

BSEC published 2 documents in the last 30 days. We email you each new one the day it's published.

Source: Bangladesh Securities and Exchange Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added