Conditions on Record Date and AGM for Listed Security Issuers

NOTIFICATION
October 05, 2009
No. SEC/CMRRCD/2008-183/Admin/03-36 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, or to the public offer of securities for sale, should be subject to 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 to the public offer of securities for sale, namely:- a) The record date or commencement of book closure period of the listed security issuers will be within 15(fifteen) working days from the date of Board declaration for corporate entitlement; and b) Annual General Meeting (AGM) shall be held by the listed security issuers within 45 (forty-five) working days from the record date or completion of book closure period, as the case may be.

This shall have immediate effect.

By order of the Securities and Exchange Commission Mansur Alam Chairman (In-charge).