Notification suspending Book Building Method for capital issues

NOTIFICATION
January 20, 2011
No. SEC/CMRRCD/2008/186/98/Admin/-----------------: Whereas, the Securities and Exchange Commission (hereinafter referred to as “the Commission”) deems it fit that the consent already accorded by the Commission, or deemed to have been accorded by it, or to be accorded by it in future, to the issue of capital, should be subject to certain further condition in the interest of investors and the capital market; Now, therefore, in exercise of the power conferred by section 2CC of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Commission hereby imposes the following further condition to the consent to the issue of capital already accorded by it, or deemed to have been accorded by it, or to be accorded by it in future, namely:- The exercise of the Book Building Method under the Securities and Exchange Commission (Public Issue) Rules, 2006 and all respective conditions, clauses of the Commission’s previous Notifications, Directives, Orders shall remain suspended until further order. Provided that the companies which have already conducted successful bidding under Book Building Method shall be excluded from this Notification.

This Notification shall have immediate effect.

By order of the Securities and Exchange Commission

Md. Ziaul Haque Khondker
Chairman.