Securities and Exchange Commission

Enforcement Department


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

Sl. No.

Date

Nature of default/Appeal

Commissionís decision

01.

01/07/2003

Non payment of declared dividend of 2001-2002 by Gachihata Acquaculture Farms Limited within stipulated time.

 

Penalty of Taka 1.50 crore imposed on Major (Rtd.) Md. Akhtaruzzaman, Managing Director of the Company.

 

02.

01/07/2003

Non payment of declared dividend of 2001-2002 by Raspit Data Management & Telecommunication Limited within stipulated time.

Penalty of Taka 55.00 lacs imposed on Mr. Md. Abdur Razzak, Managing Director of the Company. 

 

03.

03/07/2003

Appeal against Commissionís order No. SEC/Enforcement/158/2003-75 dated 28 April 2003 (for non-disclosure of Price Sensitive information) imposing Taka one lac penalty on Mr. Md. Rahmatullah, Managing Director of Apex Tannery Ltd.

Penalty of Taka one lac withdrawn. Mr. Md. Rahmatullah is warned for compliance of all securities laws in future.

04.

22/07/2003

Sale of bonus share of shareholder by Pubali Bank Ltd. violating advise of SEC.

Letter issued with warning to comply with Commissionís advise/ instructions and securities related laws in future.

05. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Mr. Ekram Ali Mirdha, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
06. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Rahat Saleha, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
07. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Shamsun Nessa Begum, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
08. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Mr. M. Ataullah, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
09. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Salima Begum, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
10. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Mr. Haider Ali Mirdha, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
11. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Mr. Asgar Ali Mirdha, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
12. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Rahima Khatun, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
13. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Ferdousi Begum, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
14. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Rabeya Akhter, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
15. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Umme Homaira, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
16. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Mr. Shafiul Alam, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
17. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Hamida Begum, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
18. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Ms. Sabrina Akhter, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.
19. 23/7/2003 Violation of Commissionís Notification No. SEC/SRMID/2000-953/313/Admin-06 dated 25th March 2001 and gazetted on 16 April 2001 (buy/sell of securities by the Sponsor/Director without prior notification) by Mr. Al-Haj Mohd. Salah Uddin Ahmed, Sponsor of Ashraf Textile Mills Limited. Letter issued with warning to comply with all securities laws in future.