Securities and Exchange Commission

Enforcement Department

Monthly Report

4^th July 2004

The Commission during June 2004 took following enforcement actions:

Sl. No.	Date	Nature of default/Appeal	Commission’s decision
01	17.06.2004	Failure to pay off the dividend declared by Central Insurance Company Limited within 60 days of declaration in terms of the erstwhile CCI’s Notification No. SRO. 385-Law/91 dated 15^th December 1991, being the order made under section 2G of the Securities and Exchange Ordinance, 1969.	Letter issued with warning to comply with all securities laws in future.
02	20.6.2004	Non payment of client’s money and non delivery of share by Dhaka Stock Exchange dealer Syed Tawfiq Hossain Ali and Company (DSE Member No. 49)	Considering the DSE’s letter No. DSE/2004/1716 dated 6th June 2004, the directive given earlier (for freeze of membership) has been withdrawn.

Sl. No.

Date

Nature of default/Appeal

Commission’s decision

17.06.2004

Failure to pay off the dividend declared by Central Insurance Company Limited within 60 days of declaration in terms of the erstwhile CCI’s Notification No. SRO. 385-Law/91 dated 15^th December 1991, being the order made under section 2G of the Securities and Exchange Ordinance, 1969.

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

20.6.2004

Non payment of client’s money and non delivery of share by Dhaka Stock Exchange dealer Syed Tawfiq Hossain Ali and Company (DSE Member No. 49)

Considering the DSE’s letter No. DSE/2004/1716 dated 6th June 2004, the directive given earlier (for freeze of membership) has been withdrawn.

Farhad Ahmed

Executive Director