BSEC fines Tamizuddin Textile directors
The Bangladesh Securities and Exchange Commission on Tuesday denied increasing the tenure of First Bangladesh Shilpa Rin Sangstha Mutual Fund following a plea made by
the fund for tenure extension, a BSEC news release said.
The capital market regulator made the move at a meeting held at its office in the city.
The BSEC release said that following an application of the fund for extending its tenure till 2017, the commission denied increasing its tenure.
Last year the commission increased the tenure of First BSRS Mutual Fund up to December 31, 2013.
Later, the regulator also extended tenure of eight mutual funds of Investment Corporation of Bangladesh following their pleas in this connection.
The BSEC at Tuesday’s meeting also fined all directors of Tamizuddin Textile Mills Limited by Tk 1 lakh each as the company failed to submit its audited financial statement for the year ended on June 30, 2012.
-With New Age input
