Press Release

Members’ Suggestions always welcome by SEC
- SEC Chief Mr. Faruq Ahmad Siddiqi says at CSE Members Meeting

While interacting with the CSE Members, Mr. Mohammed Mohiuddin, FCMA Managing Director of Island Securities Ltd. said, there should be price limit of Z catatagory shares and if unintentionally any mistakes happens while putting orders by the authorized representatives into the trading system, there should be scope of cancellation or if necessary, legal provisions for those mistakes should be incorporated in the present Trading regulations.

Representing Sky Securities Ltd., Mr. Shamsul Islam Chief Financial Officer, said, there is a mandatory provision for Tax Holiday entitled companies, to invest 10% of Tax Holiday reserve in share market for at least 3 months before the year end, but it is not monitored by any regulatory authority. If monitored then a big chunk of investment can be injected into our share market. Another suggestion he posted that Non Resident Bangladeshis should feel conformable, while remitting their fund. In some cases, it has been observed that they could invest easily in our market but in time of remittance they faces various problems. He was also of opinion that CSE and DSE scrip symbol should be similar, which will be convenient for the investors to track the movement of share prices.  

Mr. Mohammed Nasir Uddin Chowdhury, CEO & Director of Lankabangla Securites Ltd. said, Financial Institution should get tax exemptions when they invest in the secondary market.

Mr. Prabir Kar, Chief Operating Officer of Royal Capital Ltd. said, Dividend income should be tax tree from tax net. Another point he raised, any authority should not be asked source of fund for 5 years from the date of investment if those funds are invested in share market.

Mr. Emdadul Hoque Chowdhury, Managing Director of D.N Securities Ltd. said, Share Business is a top business in USA, Europe or even in our neighboring countries, but in Bangladesh peoples are still shy to take this business professionally. He requested SEC to take bold step to popularize this business in Bangladesh.

Mr. MKM Mohiuddin, President, Mr. Nasiruddin Ahmed Chowdhury, First Vice President, Mr. AQI Chowdhury OBE, Vice President of CSE and Directors Mr. Abu Sayed Md. Shahidullah, Mr. Bijan Chakroborty, Mr. Tareq Kamal, and Member of SEC Mr. Abbas Uddin Khan, FCA, Executive Director of SEC, Mr. Mohammad Abdul Hannan Zoardar were present in the occasion.

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For Chittagong Stock Exchange