Following enforcement actions were taken by the
Commission during January, 2003:
|
Sl. No.
|
Date
|
Nature of default/Appeal
|
Commission’s decision
|
|
01
|
05/01/2003
|
Appeal against Commission’s
order dated 23/10/2002 imposing panalty of Taka 5.00 lacs (and also
additional penalty of Taka 10,000 per day if default continuous after 15
days) on Mr. Md. Shariful Islam, Managing Director of Meghna Shrimp
Culture Ltd. for non payment of declared dividend.
|
Appeal rejected
|
|
02.
|
06/01/2003
|
Violation
of license condition No. 11 (for non participation of trading
activities during 2001) by Chittagong Stock Exchange dealer Estern
Insurance Co. Ltd. (CSE Member No. 098).
|
Letter issued with warning
to comply with all securities laws in future.
|
|
03.
|
08/01/2003
|
Violation
of rule 13 of the Securities and Exchange Rules, 1987 (for delayed
submission of Half Yearly Accounts) by M. Hossain Garments Washing &
Dyeing Ltd.
|
Letter issued with warning to comply with all
securities laws in future.
|
|
04.
|
08/01/2003
|
Violation
of condition (c) of the Commission’s order No. SEC/CFD
–71/2001/Admin/02/05 dated 3rd January 2002 (for non
submission of audio visual tape of AGM to the Commission) by Arbee
Textiles Ltd.
|
Letter issued with warning to comply with all
securities laws in future.
|
|
05.
|
08/01/2003
|
Violation
of condition (b) of the Commission’s order No. SEC/ SRMID/2000-953/Admin/02/04
dated 10th October 2002 (appointment of same Auditor for more
then three years) by Saleh Carpet Mills Ltd.
|
Letter issued with warning to comply with all
securities laws in future.
|
|
06.
|
29/01/2003
|
Violation
of license condition No. 11 (for non participation of trading
activities during 2001) by Chittagong Stock Exchange dealer Trendset
Securities Ltd. (CSE Member No. 77)
|
Letter issued with warning to comply with all
securities laws in future.
|
|
07.
|
29/01/2003
|
Violation
of license condition No. 11 (for non participation of trading
activities during 2001) by Chittagong Stock Exchange dealer Legend Capital
Management Ltd. (CSE Member No.109)
|
Letter issued with warning to comply with all
securities laws in future.
|
