Securities and Exchange Commission

Enforcement Department  
Monthly Report  2nd October 2003


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

Sl. No.

Date

Nature of default/Appeal

Commission’s decision

01.

01/09/03

Non-rectification of books of accounts of 1998-99 in line with audit report submitted by SEC appointed auditor by M. Hossain Garments Washing and Dying Ltd.

 

Directive issued under section 20A of the Securities and Exchange Ordinance, 1969 to rectify books of accounts of 1998-99 in line with audit report submitted by SEC appointed auditor within next 30 days.

02.

17/09/03

Violation of Commission’s order No. SEC/Sec-7/99-140 dated 28 April 1999 (non-transfer of lodged share within stipulated time) by United Commercial Bank Ltd.

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

03.

17/09/03

Violation of wewa 13 (4) of the wmwKDwiwUR I G·‡PÄ Kwgkb (óK wWjvi, óK †eªvKvi I Aby‡gvw`wZ cªwZwbwa) wewagvjv, 2000 & condition 10 of the Stock Dealer Registration Certificate (non submission of financial statement) and Section 6(3) of the Securities and Exchange Ordinance, 1969 (Non-response to commission letter) by Chittagong Stock Exchange broker/dealer Raja Securities Ltd. (CSE Member No. 074).

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

04.

17/09/03

Violation of Commission’s Notification No. SEC/SRMID/ 2000-953/313/Admin-06 dated 25 March 2001 and gazetted on 16 April 2001 (non-submission of written report of buy/sell of share) by Director/Sponsor Mr. Siraj Uddin Haider of Usmania Glass sheet Factory Ltd.

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

05.

17/09/03

Violation of Commission’s Notification No. SEC/SRMID/ 2000-953/313/Admin-06 dated 25 March 2001 and gazetted on 16 April 2001 (non-submission of written report of buy/sell of share) by Director/Sponsor Mr. Mohammad Sadek of Usmania Glass sheet Factory Ltd.

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

06.

17/09/03

Violation of Commission’s Notification No. SEC/SRMID/ 2000-953/313/Admin-06 dated 25 March 2001 and gazetted on 16 April 2001 (non-submission of written report of buy/sell of share) by Director/Sponsor Mr. M. R. Raskin of Usmania Glass sheet Factory Ltd.

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

Farhad Ahmed,
Executive Director