DHAKA: Country’s two bourses, Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE), are set to give almost same reply to the rule of High Court issued upon Security Exchange Commission (SEC).
The decision came from a meeting of the two bourses held at DSE auditorium in the city Wednesday.
DSE President Rakibur Rahman said, “DSE and CSE are working together to build a transparent and accountable market and we hope to give a good reply to the HC.”
CSE President Al Maruf Khan said, “We discussed over various matters, including the rule issued by HC.”
On April 8, the High Court issued a rule asking why the Security and Exchange Commission’s imposed proposal for the share market enlisted company owners of acquiring at least two percent shares “should not be declared illegal”.
An HC bench comprising Justice Farid Ahmed and Justice Sheikh Hasan Arif issued the rule following a writ petition filed by Director of National Credit and Commerce Bank Limited Sheikh Abdul Munim.
Finance secretary, commerce secretary, SEC chairman, Bangladesh Bank governor, NCC Bank managing director, Joint Stock Company and Firm’s registrar, Dhaka Stock Exchange and Chittagong Stock Exchange were made the respondent to the rule.
They were asked to explain the matter within four weeks.
On November 22 in 2011, SEC asked the directors of its enlisted companies to buy two percent share otherwise they would lose their posts after six months.
BDST: 2250 HRS, APR 11, 2012
Abul Kalam Azad, Newsroom Editor
M. Mahbub Alam, Asst Output Editor
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