1.
The Commission issued Consent order to raise Share Capital of the following
companies for 1998-99:
| SL |
Name
of the company
|
No.
of shares issued |
Face
Value
per
share (Taka) |
Date
of Approval |
Total
amount Taka (Million) |
Remarks |
| 1. |
National
Housing Finance and Investments Ltd. |
40,00,000 |
100.00 |
30.08.98 |
400.00 |
at
par |
| 2. |
Bengal
Tiger Cement Industries Ltd. |
11,80,000 |
100.00 |
10.09.98 |
118.00 |
at
par |
| 3. |
T.K
Chemical Complex Ltd. |
20,00,000 |
100.00 |
14.09.98 |
200.00 |
at
par |
| 4. |
*
Meghna Pet Industries Ltd. |
12,00,000 |
100.00 |
02.12.98 |
120.00 |
at
par |
| 5. |
*
Techone Textile Mills Ltd. |
20,56,000 |
100.00 |
06.12.98 |
205.60 |
at
par |
| 6. |
*
T.K Chemical Complex Ltd. |
60,00,000 |
100.00 |
20.12.98 |
600.00 |
at
par |
| 7. |
*
Shamsuddin Spinning Mills Ltd. |
25,00,000 |
100.00 |
08.12.98 |
250.00 |
at
par |
*
Revised Consent
2.
The Commission Issued Consent in respect of Pre-IPO placement of the following
Companies for 1998-99:-
| SL |
Name
of the Company |
No.
of shares issued |
Face
Value
per
share (Taka) |
Date
of Approval |
Total
amount Taka (Million) |
Remarks |
| 1. |
Rangpur
Foundry Ltd. |
2,00,000 |
100.00 |
07.12.98 |
20.00 |
at
par |
| 2. |
Sinobangla
Industries Ltd. |
6,00,000 |
10.00 |
20.12.98 |
6.00 |
at
par |
| 3. |
Rangpur
Foundry Ltd. |
10,00,000 |
10.00 |
24.01.99 |
10.00 |
at
par |
3.
The Commission has issued Gazette Notification SEC/Section-7/PIR-98/140
dated 25th January 1999, regarding Public Issue Rules,1998.(copy enclosed)
4.
The Securities and Exchange Commission granted all Companies exemption
from the provision of Section 2A (2) (a) of the Securities and Exchange
Ordinance 1969 (XVII of 1969) under the Gazette Notification SEC/Section-7/Cap
Sanction/99-144 dated 7th June 1999.(copy enclosed)
5.
During this period SEC made certain amendments to the Public Issue Rules,1998
through Gazette Notification SEC/ Section-7/PIR-98/143 dated 3rd June1999.(copy
enclosed)
These
amendments are:-
(i)
Sub-Rule (3) of Rule 5 shall be substituted by the following Sub-Rule (3):
“The
issuer shall also put the vetted Prospectus on the web site of the Securities
and Exchange Commission, for the period of subscription of the issue. The
issuer shall submit to the Securities and Exchange Commission a diskette
containing the text of the vetted Prospectus in “MS-Word” format”
(ii)
In Sub-Rule (2) of Rule 18 after the word “fifteen”, the word “working”
shall be added.
(iii)
After Rule 19 a new Rule as Rule 19A shall be added as follows :-
“Rule
19A. Hologram: All issuers at the time of issuance of certificates shall
affix a hologram on the certificates”.
6.
The Commission has approved / vetted Prospectus of the following Companies
(Annexure-A) for 1998-99 |
SEC
Annual Report,1998-99
