Notification regarding Exempts from the provisions of clause (c) of sub-rule (3) of rule for 26 insurance companies

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KZ…©cÿ KZ…©K cÖKvwkZ g½jevi, Rvbyqvwi 5, 2021 [†emiKvwi e¨w³ Ges K‡c©v‡ikb KZ…©K A‡_©i wewbg‡q RvixK…Z weÁvcb I †bvwUkmg~n] BANGLADESH SECURITIES AND EXCHANGE COMMISSION Securities Commission Bhaban E-6/C Agargaon, Sher-e-Bangla Nagar Administrative Area, Dhaka-1207, Bangladesh Notification Dated : 29 November 2020 No. BSEC/CMRRCD/2020-381/13/Admin/110: Whereas, the Bangladesh Securities and Exchange Commission (hereinafter referred to as “the Commission”) deems it appropriate to exempt, the following 26 (twenty six) insurance companies, from the provisions of certain rules of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015 in the interest of investors and the capital market; Now, therefore, in exercise of the power conferred by section 29 of the Securities and Exchange Ordinance, 1969 (Ordinance No. XVII of 1969), the Commission hereby exempts the following 26 (twenty six) insurance companies for filing applications for initial public offer under fixed price method from the provisions of clause (c) of sub-rule (3) of rule 3 of the Bangladesh Securities and Exchange Commission (Public Issue) Rules, 2015, namely :
SL# Name of the Companies Year of
Registration
Life Insurance Companies :

1. Homeland Life Insurance Co. Limited 1996
2. Golden Life Insurance Co. Limited 1999
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140 evsjv‡k †M‡RU, AwZwi³, Rvbyqvwi 5, 2021 SL# Name of the Companies Year of Registration 3. Sunflower Life Insurance Co. Limited 2000 4. BAIRA Life Insurance Co. Limited 2000 5. Best Life Insurance Co. Limited 2013 6. Chartered Life Insurance Co. Limited 2013 7. NRB Global Life Insurance Co. Limited 2013 8. Protective Islami Life Insurance Co. Limited 2013 9. Sonali Life Insurance Company Limited 2013 10. Zenith Islami Life Insurance Limited 2013 11. Alfa Islami Life Insurance Limited 2014 12. Diamond Life Insurance Company Limited 2014 13. Guardian Life Insurance Limited 2014 14. Jamuna Life Insurance Company Limited 2014 15. Mercantile Islami Life Insurance Company Limited 2014 16. Swadesh Life Insurance Company Limited 2014 17. Trust Islami Life Insurance Ltd. 2014 18. LIC (Bangladesh) Limited 2016 Non-Life Insurance Companies : 19. Meghna Insurance Co. Limited 1996 20. Crystal Insurance Company Limited 1999 21. South Asia Insurance Co. Limited 1999 22. Islami Commercial Insurance Company Limited 1999 23. Union Insurance Co. Limited 2000 24. Desh General Insurance Co. Limited 2000 25. Sena Kalyan Insurance Company Limited 2013 26. Sikder Insurance Company Limited 2013 By order of the Bangladesh Securities and Exchange Commission Professor Shibli Rubayat-Ul-Islam Chairman. †gvnv¤§ BmgvBj †nv‡mb, DccwiPvjK (DcmwPe), evsjv‡k miKvix gyªYvjq, †ZRMuvI, XvKv KZ…©K gywªZ| gvKmyv †eMg wmÏxKv, DccwiPvjK (DcmwPe), evsjv‡`k dig I cÖKvkbv Awdm, †ZRMuvI, XvKv KZ…©K cÖKvwkZ| website : www.bgpress.gov.bd