Conditions for Buying or Selling Shares by Sponsors or Directors

Bangladesh Gazette
NOTIFICATION
Dated:25th March,2001
No.SEC/SRMID/2000-953/313/Admin-06-Whereas the Securities and Exchange Commission deems it fit that the consent already accorded by the Commission, or to be accorded by it in future, to the issue of capital in Bangladesh of public offer of securities for sale should be subject ton certain further conditions in the interest of investors and the capital market; Now, therefore, in exercise of the power conferred by section 2CC of the Securities and Exchange Ordinance. 1969 (XVII of 1969), the Securities and Exchange Commission hereby imposes the following further conditions to the consent already accorded by it, or to be accorded by it in future, to the issue of capital in Bangladesh or public offers of securities for sale, namely:- Every sponsor or director of a company listed with any stock exchange shall simultaneously submit a written report to the Securities and Exchange Commission and the stock exchange with which the company listed about his intention to buy shares of that company or sell or otherwise dispose off the shares held by him in that company in the following format:
FORMAT
Pursuant to the Securities and Exchange Commission’s notification No. SEC/SRMID/2000- 953/313/Admin-06 Dated March 25, 2001, I hereby report that i intend to buy some shares of the ----------- ------ company Ltd./ sell or dispose off some shares of the ................. company Ltd. of which i am a sponsor/director since .................. within next thirty working days from the date of receipt of this report by the commission and the stock exchange, the full particulars of which are given below:

1. Name of the company:
2. Name of the full address of the sponsor/director:
3. Folio number in the company:
4. Quantity of the shares held in the company:
5. Quantity of shares to buy/sell/dispose off:
6. Name of the designated stock-broker and the stock exchange:
7. Details of acquisition/disposal planned for other than through stock exchange:
   DECLARATION
   I hereby declare that I have already placed the concerned share certificates/necessary fund, along the relevant irrevocable buy/sale order with my above named stock – broker for execution (ref. sl. no.6), I shall submit details on the proposed buy/sell/transfer of the said shares to the Securities and Exchange Commission and the stock exchange with in one week of execution of the order or transfer. Place Signature of the sponsor/director with date Signature verified by (Signature with name, date & seal of the authorised officer of the company) By order of the Securities and Exchange Commission Manir Uddin Ahmad Chairman