The Securities and Exchange Commission has made changes to Securities and Exchange Commission (Public Issue) Rules, 2006 for unlisted securities, known as placement shares, restricting number of placement holders within 100 and made tax identification numbers mandatory for its holders. According to a SEC notification released on Sunday, shares allotted through private placement
securities and exchange commission
SEC okays book-building method amendments
Withdraws cap on P/E ratio for IPO The Securities and Exchange Commission on Tuesday finalised the book-building method for initial public offering withdrawing the proposed cap on price earning ratio or net asset value of any company, bowing down to pressure of a section of stakeholders. ‘After analysing the suggestions from the stakeholders and opinion ... Read more
Face value of shares, MF units to turn Tk 10 from Dec
The Securities and Exchange Commission on Tuesday decided that the face value of shares of all companies and units of all mutual funds would have to be converted to Tk 10 from December 1. Of the 231 companies listed with the Dhaka Stock Exchange, currently 124 companies have shares of Tk 100 face value and ... Read more
Tk 5,000cr Bangladesh Fund okayed
The Securities and Exchange Commission on Monday granted the much-awaited permission to float on the country’s capital and money markets the Tk 5,000-crore Bangladesh Fund, an open-ended mutual fund sponsored by the Investment Corporation of Bangladesh and seven other state-run financial institutions. In a meeting in the evening, the commission approved the trust deed and ... Read more