Rule · BSEC · 6 Feb 2014
The Bangladesh Securities and Exchange Commission exempts placement holders, excluding sponsor shareholders, directors, and persons holding 5% or more shares, from the 30-day time bar on selling shares after declaration. This exemption applies to the disposal of holdings previously restricted by the Notification dated July 14, 2010, while all other terms and conditions of that Notification remain unchanged. The exemption takes immediate effect.
Registered No. D.A-1
Bangladesh Gazette
Extraordinary Issue
Published by Authority
Tuesday, March 25, 2014
[ Notifications and Notices Issued by Non-Government Banks and Corporations ]
Dated : February 06, 2014
No SEC/CMRRCD/2009-193/156/Admin/53—Bangladesh Securities and Exchange Commission in the interest of investors and the capital market hereby exempt the time bar (selling of share within 30 days after declaration) of the placement holder (other than Sponsor Shareholder/Director and persons holding 5% or more shares) from the sale or otherwise dispose off their holding which was earlier imposed by the Notification No-SEC/CMRRCD/2009-193/49/Admin/3-48, dated July 14, 2010.
All other terms and conditions imposed by the Notification No-SEC/CMRRCD/2009-193/49/Admin/3-48, dated July 14, 2010 will remain unchanged.
This shall have immediate effect.
By order of the Bangladesh Securities and Exchange Commission
Prof. Dr. M. KHAIRUL HOSSAIN
Chairman.
Printed by Md. Nazrul Islam (Deputy Secretary), Deputy Director, Bangladesh Government Printing Press, Tejgaon, Dhaka. Published by Abdur Rashid (Deputy Secretary), Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka. website: www.bgpress.gov.bd (10795) Price 4 Taka 4.00
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“hereby exempt the time bar (selling of share within 30 days after declaration) of the placement holder ... from the sale or otherwise dispose off their holding which was earlier imposed by the Notification No-SEC/CMRRCD/2009-193/49/Admin/3…”
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