Rule · BSEC · 10 May 2010
The Securities and Exchange Commission (SEC) grants government approval for listed companies to change the face value of their shares to 10 taka. Interested listed companies are required to complete all necessary formalities and submit applications to the Commission, which will then take appropriate action to consider these applications. This notification amends a previous circular dated March 1, 2010, regarding the alteration of stated share values and market lots.
No.-SEC/CMARRC/2010-201/37 Date: May 10, 2010
Notification
Subject: Regarding the alteration of the stated value and market lot of shares of listed companies.
In this regard, it is hereby notified that the Commission's notification No.-SEC/CMARRC/2010-201/23, dated March 01, 2010, is amended. The Government has graciously given consent for the re-determination of the stated value of shares of interested companies that can complete all necessary formalities to change the stated value of shares of companies listed on the stock exchange to 10/- (ten) taka.
Therefore, in light of the aforementioned decision of the Government, interested listed companies, having completed all necessary formalities, may apply to the Commission. The Commission will take appropriate action to consider their applications.
For Securities and Exchange Commission,
(Ripan Kumar Deb Nath)
Director (CMARRC)
Distribution:
Copy for information to:
All Divisional Heads, SEC
Private Secretary to the Chairman, SEC
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“it is hereby notified that the Commission's notification No.-SEC/CMARRC/2010-201/23, dated March 01, 2010, is amended.”
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