Directive on Inclusion of Cost and Management Accountants as Independent Scrutinizer

BANGLADESH SECURITIES AND EXCHANGE COMMISSION
Securities Commission Bhaban
E-6/C Agargaon, Sher-e-Bangla Nagar
Administrative Area, Dhaka1207, Bangladesh

DIRECTIVE
Dated, the 17th November 2021

No. BSEC/CMRRCD/2009-193/30- In exercise of the powers conferred by section 20A of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Bangladesh Securities and Exchange Commission makes the following amendment to the Directive No. BSEC/CMRRCD/2009-193/08- dated 10 March 2021, namely:-

The direction (9) shall be replaced by the following direction (9) as follows, namely:-

"(9) The due process of election and detailed information of voting results shall be authenticated by the concerned stock exchange(s) or by an independent scrutinizer (who has professional experience and qualification of chartered accountants, cost and management accountants or chartered secretaries) as appointed by the issuer company, and such authenticated report shall be submitted to the Commission within 48 (forty-eight) hours of conclusion of general meeting."

This directive shall have immediate effect.

By order of the Bangladesh Securities and Exchange Commission

Professor Shibli Rubayat-Ul-Islam
Chairman.

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