Securities and Exchange Commission

Enforcement Department  
Monthly Report  2nd September 2003

Following enforcement actions were taken by the Commission during August, 2003:

Sl. No.

Date

Nature of default/Appeal

Commission’s decision

01.

04/08/2003

Non co-operation with SEC appointed auditor by Bangladesh Luggage Industries Ltd.

Directive issued under section 20A of the Securities and Exchange ordinance, 1969 to co-operate immediately with SEC appointed auditor.

 

02.

14/08/2003

Non-payment of audit bill by M. Hossain Garments Washing and Dying Ltd.

Directive issued under section 20A of the Securities and Exchange ordinance, 1969 to pay the audit bill within 7 days and inform the compliance of the directive to the Commission within next working day. 

 

03.

17/08/2003

Violation of license condition No. 11 (for non participation of trading activities during 2001-2002) by Chittagong Stock Exchange broker Unity Shares Trade Ltd.  (CSE Member No. 77).

Letter issued with warning to comply with all securities laws in future.