Securities and Exchange Commission

Enforcement Department

Monthly Report

2 April 2004

 

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

 

Sl. No.

Date

Nature of default/Appeal

Commissionís decision

01.

22/03/04

Non holding of annual general meeting by Paragon Leather & Footwear Industries Ltd.

Penalty of Taka 1.00 lac imposed on Mr. M. A. Salam, Managing Director of the Company.

 

An additional penalty of Taka 10,000 per day if default continues after the date of order.

 

02.

22/03/04

Non holding of annual general meeting by Sonali Paper & Board Mills Ltd.

Penalty of Taka 1.00 lac imposed on Mr. Khan Mohammad Iqbal, Chairman & Managing Director of the Company.

 

An additional penalty of Taka 10,000 per day if default continues after the date of order.

 

 

 

 

 

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