(৪৩৬) স্কয়ার টেক্সটাইল

Wednesday, April 20, 2011 Unknown
স্কয়ার টেক্সটাইল জানিয়েছে, প্রতিষ্ঠানটির পরিচালনা পর্ষদ ১৬ শতাংশ নগদ ২০ শতাংশ শেয়ার লভ্যাংশ ঘোষণা করেছে প্রতিষ্ঠানের বার্ষিক সাধারণ সভা ১৬ জুন সকাল সাড়ে ১০টায় ফ্যাক্টরি ভবন, সারদাগানি, কাশিমপুর গাজীপুর অনুষ্ঠিত হবে আর এজিএমের রেকর্ড ডেট ১০ মে
একই সঙ্গে পরিচালনা পর্ষদ প্রতিষ্ঠানটির অনুমোদিত মূলধন ১০০ কোটি থেকে ৩০০ কোটি টাকায় বাড়ানোর সিদ্ধান্ত নিয়েছে

Regulator’s organogram sought


The government got down to doing a radical overhaul of the discredited Securities and Exchange Commission (SEC) as part of its move to salvage the sinking stock-market and restore investors` confidence.

In the meantime, the finance ministry on Tuesday afternoon issued a letter to the bourse regulator seeking its new organogram, competent sources said.

In the wake of the worst crisis on the up-and-coming capital market of the country, the SEC is now being reorganized about 18 years after its inception.

About the matter, Finance Minister Abul Maal Abdul Muhith over phone told banglanews that the government has started working on some issues, including SEC restructuring, as per recommendations made by the probe committee in its report on the stock-market scam.

"Besides, the issue would also be discussed in the ministry Wednesday," the minister informed.

According to Finance Ministry sources, the government plans to bring changes in the posts of member of the SEC, including the Chairman.

Changes to the nine posts of Executive Director (ED) are also likely. Two posts of ED are now vacant, however. One out of five member posts of the commission also remained vacant for long, while the watchdog looked like a lame duck in the face of brouhaha on the bourses in recent times.

Besides, the government will amend the SEC rules and regulations, the companies act and the constitution of the Merchant Bank and brokerage houses. The law concerning registration of new firms with the capital market will also be recast.

"The government will take initiative to bring accountability of the SEC and to bring the country’s two bourses under a same umbrella," said one of the sources.

There are speculations over appointment of the next SEC chairman. However, in the meantime, the names of some prospective persons in this regard were proposed to the Finance Ministry.

Former president of ICAB Jamal Uddin, former country manager of City Bank NA Mamun Rashid and Tariff Commission Chairman Mojibur Rahman are among the names proposed for the post of SEC Chairman. But all depends on the Prime Minister’s nod, sources added.

Besides, the names of the SEC members are mentioned in the proposal.

The government has taken initiative to make the SEC more effective and the laws of the Securities Exchange Board of India might be followed in giving the market regulator a new look and leverage. A lawyer appointed by the government is also working on the issue.

"An emergency meeting on SEC reform was held at the SEC office after receiving the letter sent by the finance ministry," Yasin Ali, a member of the SEC, told banglanews.

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