Securities and Exchange Commission

Enforcement Department

Monthly Report

11 February 2004

 

Following enforcement action was taken by the Commission during January, 2004:

 

Sl. No.

Date

Nature of default/Appeal

Commissionís decision

01.

01/01/04

Review petition against Commissionís order No. SEC/Enforcement/187/2003-233 dated 20 November 2003 canceling registration certificate of Merchant Bank Prime Securities and Financial Services Limited.

 

Review petition accepted and cancellation order withdrawn since the Merchant Bank paid the yearly fee.

02.

01/01/04

Non holding of annual general meeting by Rupan Oil & Feeds Ltd.

Penalty of Taka 1.00 lac imposed on Mr. Nurunabi, Managing Director of the Company.

 

An additional penalty of Taka 10,000 per day if default continues after 15 days.

 

03.

22/01/04

Violation of rule 12, Sub-rule (3A), rule 13 of the Securities and Exchange Rules, 1987 (not submitting financial statement for 2000-2001 and half-yearly financial statements for the half-year ended 31 December 2001) by Mona Food Industries Ltd.

 

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

 

 

 

 

Farhad Ahmed

Executive Director

 

 

CC:

Chairman

Member (Admin, Registration, Surveillance & MIS)

Member (Law, Enforcement & SRMID)

Member (CF, IPO, CMRRCD & R&D)

ED (CMRRCD, R&D)

DD (MIS)- with a soft copy for uploading in the Commissionís website

Public Reference Room