Directive on lock-in period

Registered No. D.A-1
Bangladesh Gazette
Extraordinary
Published by Authority
Thursday, August 1, 2019
[ Notifications and Notices Issued by or on Behalf of Private Persons and Corporations ]

Bangladesh Securities and Exchange Commission Rules, 1969 (Second Amendment) Rules, 2019

Order No. 8 dated 08 August 2019

File No. BSEC/EEJ/2009-193/215/Officer/92

In exercise of the powers conferred by Section 12 of the Bangladesh Securities and Exchange Commission Ordinance, 1969 (Ordinance No. 1 of 1969), and in supersession of the Bangladesh Securities and Exchange Commission Rules, 1969 (Second Amendment) Rules, 2019, the Bangladesh Securities and Exchange Commission hereby makes the following rules, namely:

1. Short title and commencement.
   (1) These rules may be called the Bangladesh Securities and Exchange Commission Rules, 1969 (Second Amendment) Rules, 2019. (2) They shall come into force at once.

2. Amendment in the Bangladesh Securities and Exchange Commission Rules, 1969.
   In the Bangladesh Securities and Exchange Commission Rules, 1969 (hereinafter referred to as the principal rules), in Rule 12, for sub-rule (2), the following sub-rule shall be substituted, namely:

"(2) The lock-in period for shares issued in exchange for assets by private persons and corporations shall be twenty days."

Md. Tarikul Islam Khan, 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: 20419

Price: Tk. 4.00