Quarterly Review June 2014 BANGLADESH SECURITIES AND EXCHANGE COMMISSIONBangladesh SEC Quarterly Review June 2014 Bangladesh Securities and Exchange Commission Jiban Bima Tower (14th, 15th, 16th & 20th Floor) 10, Dilkusha Commercial Area, Dhaka-1000, Bangladesh Phone: 9568101-2, 9561525,Fax: (88)-02-9563721, 9580183 Website: http://www.secbd.org, httpu//www.sec.gov.bd E-mail: secbd@bdmail.netQuarterly Review: June 2014 PARTICULARS PAGE The Commission 3 Exeoutive Directors of the Commission Head of the Departments of the Commission About Bangladesh Securities and Exchange Commission The Mission of the Commission The Commission's Main Functions Special Events Capital Market Regulatory Reforms and Compliance (CMRAC) sB8e38 & & Corporate Finance Capital Issue Se 8 8 Registration Mutual Fund ar g Special Purpose Vehicle (MF & SPV) Supervision and Regulation of Markets and Issuer Companies (SRMIC) ‘Supervision and Regulation of Intermediaries (SRI) Enforcement Law Central Depository Systems Management Information Systems (MIS) Research and Development Seed @ = Stock Exchanges Operational Statistics Press Release a2© Quarterly Review: June 2014 Bangladesh Securities and Exchange Commission (BSEC) Prof, Dr: M, Khairal Hosssin ‘Chairman ‘Professor Md, Helal dain Nizar Mr. Ma, Amad Hossain ‘Commissioner ‘Commissioner Mr. Arif Khan Mr. Ma, A. Salam Sikder ‘Commissioner ‘Commissioner 93Executive Directors of the Commis: 04 Mr. Mobammad Abdul Hannan Zoazdee Me Farhad Ahmed Mrs, Ruksana Chowdbury Mr, AUTEM, Tariquzzaman Mr. Md. Anowarul Islam Mr, Ma. Saifur Raman Mr. Md. Asbraful Islam Me M. Hasan Maimud Mr. Mabbubul Alam Quarterty Review: June 2014 ion {ED (On lien to BICM) ED ED [ED (On Study Leave) BSeESQuarterly Review: Jane 2014 Head of the Departments of the Commission 1 Mir Farhad Akmedt ED (Admin, Finance and Enforcement) 2. Mrs, Ruksana Chowdbury ED (CMRRC and Law) 3. Mr. Ma. Anowaral Islam ED (SRMIC and Corporate Finance) 4. Mr Md. Saifur Rahman ED (SRI and Surveillance) 5. Mr. Md Ashraf Islam ED (MIS, RAD and CDS) 6. Mr M. Hasan Mahmud ED (MF & SPV) 7. Mr. Mahbubul Alam ED (Capital Issue and Registration) 05Quarterly Review: June 2014 About Bangladesh Securities and Exchange Commission. ‘The Bangladesh Socuritics and Exchange Commission (BSEC) was establisbed on Sth June, 1993 as the regulator of the country’s capital market through enactment of the Securities and Exchange Commission Act, 1993, On December 10, 2012 through an amendment ofthe Sccurtics and Exchange Commission Act, 1993, its name fas been. changed as Bangladesh Securities and Exchange Commission from previous Securities und ‘Exchange Commission. The Commission consists of a Chairman and four Commissioners who are appointed for flltime by the government for a period of four years and their appointment can be renewed only for futher cone term, but the condition is that age cannot exceed 65 in position during the tenure. The Chairman acts as the (Chisf Executive Officer (CEO) of the Commission. The Commission has overall responsibility to formulas securities related rales and regulate the market accordingly. The Commission is a sstutory body and attached to the Ministry of Finance. 06® Quarterly Review: June 2014 The Mission of the Commission ‘Bangladesh Securities and Exchange Commission was established with the aims of protecting the interest of investors in securities, developing the securities market and promulgating mules on these issues or on related ‘matters thereunder. Thus, the mission of the Commission is © protecting he interest of investors in securities; ‘© developing the securities market; ‘= formulating rules on securities related matters oF on rested topics thereunder, ‘To eauure the mission stated above, the Commission has been continuing its efforts on market monitoring. and surveillance, corporate governance, enforcement actions against defaulters, methodical ways of issuing sgeurities, investors education programs ete, and.on market roforms and regulation in time of need, a7Quarterly Review: June 2014 The Commission's Main Functions ‘The Commission carries out all of its functions 98 per provision of the securities laws, which are listed hereunder: 08 Issuance of securities as per related rules; Peotection of investors through market monitoring and surveillance, comparate governance, enforcement actions and investors education program etc.; Develop and regulaie the market through reforms; Regulating the business ofthe Stock Exchanges or any other securities market, Registering and segulating the business of stack broker, sub-beokers, shave transfer agents, merchant bankers and managers of issues, trustee of trust deeds, registrar ofan issue, underwriters, portfolio managers, investment advisers and other imermediares in the securities market, Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds; Monitoring end regulating all authorized self regulatory organizations inthe securities muskets Prohibiting fraudulent and unfiair trade practices relating to securities trading in any securities market, Promoting investor’ evetion and providing taining for intermediaries of the securities masket; Prohibiting insider trading in securities; Regulating the substantial acquisition of shares and take-over of companies: Undertaking investigation and inspection, inquires and audit of any issuer or dealer of securities, the Stock Exchanges and intermediaries and any self regulatory organization in the securities market; Regulation of business of Commodity Futures Contracts (Conducting research and publishing information,© Quarterly Review: June 2014 Special Event Renewal of the Chairman and Commissioners’ Appointment at BSEC for Second Tenure ‘The Bangladesh Sccurtics and Exchange Commission (BSEC) was established on 8th June, 1993 as the regulator of the country's capital market through enactment of the Securities and Exchange Commission Act, 1993, whose main purposes are protecting the interest of investors in securities, developing the securities ‘market, fonmulating rules oa securities related matters or on related topics thereunder. But due to abnormal ups and downs of 2010 in the capital market, it became necessary to reform market's weak sides. In this connection Capital Market Enquiry Committee 2011 was formed. As part of implementation of the Committee's recommendation, it became necessary to reconstitute the Commission. With this view, on May 2011, the Government appointed Prof, Dr. M. Khairal Hossain as the Chairman and Professor Md. Helal Uddin Nizami, Mr. Md. Amzad Hossain, Mr. Arif Khan and Mr. Md_A. Salam Sikder es Members af the Commission and emphasized on various capital market reforms and reorganization. Later on the designation ‘Member’ was changed to ‘Commissioner’ through amendment of said Act The Chainuan and the four Commissioners completed their 3 years teaure successfully. The Government reappointed them for 4 years tenure at their respective position as per Bangladesh Securities and Exchange Commission (Amended) Act, 2012 (subject to not exceeding 65 years of ago). In their tenure Commission carried out luge reforms of the Commission. and ‘empowered it, carmed JOSCO 'A' estegory status, lid foundation stone of the Commission's own building, cexsure payment of salary, allowances and other facilities of Commission employees which comparable to that of Bangladesh Bank employees, completed difficult tasks like demutualization of stock exchanges for the benefit of the capital marker. SEC Delivered Government Portion of BO A/C Maintenance Fee ‘The Chairman of Bangladech Socurities und Exchange Commission Prof. Dr. M. Khairal Hossain kanded ever 1 souvenir of BO necount maintenance fee deposit (Govt. portion) slip af Bangladesh Bank te Hon’ble Finance ‘Minister Abul Maal Abdul Mubith amounting Tk 66,£3,69,200.00, on 10 june 2014 at the Office of Finance fy ‘The Cocsmisicn banded vera souvenir of BO account maistennce foe deposit (Got. potion} slip to Hebe Fmoce Miser Abul Ml Absa bith 09Quarterly Review: June 2014 ‘The Commissioners of BSEC Professor Md. Helal Uddin Nizami, Mr. Md. Amend Hossain, Mr, Arif Khan and Mr. Md. A. Salam Sikder, along with the high officials of Finance Ministry were present at that occasion, (Over the last three years Tk 53.2404 Crore in 2010-11, Tie $6.7080 Crore in 2011-12 and Tk 17.5043 Crore in 2012-13 were deposited in Bangladesh Bank as Governments portion of BO account maintenance fee. So tal ‘amount deposited in Bangladesh Bank as Government revenuc from BSEC over 2010-1! to-2013-14 financial year is Tk 194.2896 Crore Spocial Tribunal for Capital Market "Estblish a Special Tribunal for capital market related. cases" was an important condition for release of the second tranche of the loan of ADB under ADB TA-8228 BAN: Enhancing efficiency of capital Market project, Keeping. in mind the above and for the parposc of speedy disposal of the securitics related cascs (criminal) provision for establishing a Special Tribunal has been incorporated in the Securities and Exchange Ordinance, 1969 by inserting section 25B, which was published in the Gazette on 10 December 2012. Thereafter the Goverment by Gazette Notification dated Jamuary 07. 2014 has established a Special Tribunal at Dhaka under the authority af sub section (1) of section 25 B of Securities and Exchange Ordinance, 1969 and has determined the whole of Bangladesh as its jurisdiction, As per the said section 25B of Ordinance, 1969 the Special Tribunal sball have all the powers conferred by the Code of Criminal Procedure, 1898 on a court of Sessions exercising original jurisdiction. As per the provision of Inw the Special Tribunal shall try the offences defined in the securities and Exchange Ordinance, 1969, Consequently Ministry of Law, Justice & Parliamentary afinirs by its Notification dated 24 February 2014 has appointed Mr. Humayun Kabir (Manik), District and Sessions Judge at the Special Tribunal. Accordingly Mr. Humayun Kabir bas joined on March 16, 2014, The Government his asked the Bangladesh Sccuritics and Exchange Commission (BSEC) to take necessary measures to bie an office building temporarily to start the functioning of the Special Tribunal quickly. As per the instruction of the Government the BSEC has already hired an. office building'space at Bangladesh House Building Finance Corporation (BHBFC) ot Purana Palian, Dhaka, After necessary decoration of the office buildine/space the Special ‘Tribunal is likely to start its judicial faction. ‘Ave consign meres headed y MMA Salm Sc, Com ne (Law) of BSC ining boob ade of ‘he Spock Tra Me Hurayus Kabir (Maik vised mecy the ecwies Appel iba india (SKP}® Quarterly Review: June 2014 In onder to gather knowledge froth other jurisdiction and. as & part of foreign training, a +-member delegation including honourable Judge of the Special Tribunal headed by Mr. Md. A. Salam Sikder, Commissioner (Law) Bangladesh Securities and Exchange Commission bas recently visited and observed the Court and ease management of the Securities Appellate Tribunal of India (SAT) and exchanged views with the members and Chairman of the SAT. They have also visited Securities and Exchange Board of India (SEBD), Naticnal Stock Exchange and Bombay Stock Exchange of India. It is expected that, oace the Special Tribunal starts its functions, disposal of the long pending securities related cases shall be expedited which will help bring better discipline in the capital market of the country. Eastablishing Office of the Chief Accountant at BSEC ‘The Commission has established a department named Office of The Chief Accountant at BSEC on 24 June 2014 in order to formulate policy or guideline for practice of secountants and auditors in the capital market and to advise The Commission in this respect. Appointment of « consultant is in process atthe position of the Chiet Accountant. Upon appointment of the consulta, he/she ein werk to formulate policy or guideline on practice of accountants and auditors in the market and advice to the commission in this regard time to-time. i© Quarterly Review: June 2014 Capital Market Regulatory Reforms and Compliance (CMRRC) The following amendmenvorderidirective has been issued in April-June, 2014 management fees Cas Subject (Classification ‘Reference No. 0 1 | Amendment to the Securities and | Notification | SECICMRRCD/2001- Exchange Rules, 1987 ‘SO/IS8/Admin/S4 Dated: 10 April 2014 2 | Bxemption to the Investment | Notifiation | SECICMRRCD/2009- ‘Corporation of Bangladesh from the 193/1S9/Admin’SS Dated: 28 condition No. 1.2, 13, 14, 3.2(0 May 2014 and 4{ix) of ‘the Commission's ‘Notification No, SECICMRRCDY 2006-158/134/Adminia dated 07 ‘August 2012 (regarding Corporate Governance Guidelines) 3 | Regarding mutual fund's asset Directive | SECICMRRCD/2009-193/160 Dated: 28 May 2014 12© Quarterly Review: June 2014 gos *) , BANGLADESH SECURITIES AND EXCHANGE COMMISSION oN BATON 1,168 27.00 DLA OAK, BANGLES aad NOTIFICATION April 10, 2014 ‘No, SEC/CMRRCD/200I-60/158/Admin’--4. tn exercise of power conferred by setion 33 of the Sccuries and Exchange Ordinance, 1969 (Ordinance No. XVI of 1968}, the Hiatal Scent nt: Felipe Clomenbestn: maka afi picw: (Genel; het flowing further amendments to the Securities and Exchange Rules, 1967, namely 1. Clause (g) in rule 2 shall be deleted. 2, In existing sub-rule (2) and (3) of rule 12, the word “Schedule” shall Be replaced by “Schedule-1", 3. In the 1" proviso of sub-rule (3) of rule 12, the words “in accondance with Schedule~ 2" shall be added after the word “audited” 4. In the 2™ proviso of sub-rule (3) of rule 12, the words “issuer concemed” shall be replaced bythe word “Commission” 5. In the 2® proviso of subrule (5A) of rule 12, the words “accounts of the issuor at the issuer's cost” shall be replaced by the words “financial statements of the issuer in acconiance with Schedule-2 atthe Commission’s cost” 6. After subsrule (3B) in rale12, the following, new sub-rule (3C) shall be inserted, umely:= “{8C) The Commission may take appropriate measures for conducting the special audit for barks, non-bank financial institutions and insurance companies in ‘consultation with their respective primary regulars, as the case may be, iF fee necessary." - 1 Phos PARR) | SUSDSONON-,SWW.AGI SF EEASRITEN, wml SARA, Wah cba mene gOURE 13Quarterly Review: June 2014 BANGLADESH SECURITIES AND EXCHANGE COMMISSION BOR BIA TOWER 14,1, 16 29 FLOOR). 10 DILKUSH ACA, DIAKA- 10, BANGLADESH 7. Alter sub-rule (3C) in rule 12, the following new “Rxplanation’* under rule 12 shall be ‘inserted, narnoly:- “Explanation: Furthermore the special audit as mentioned in sub-rule (3C), the audit ‘mentioned in the 1" and 2“ proviso of sub-rule (3) and in the 2" proviso of sub-rule (GA) shall be considered as “spacial audit"”, 8. The existing “SCHEDULE: shall be renamed by ‘SCHEDULE-1"; 9. The aforesaid SCHEDULE>| shall be amended in the following manner, namely:= {3) the reference portion *[See rule 12(2))’ below the ttle ‘SCHEDULE-1’ shall be replaced by [See rule 12(2) and rule 1203) (b) ‘PART-I" shall be inserted below the ‘(See rule 12(2) and rule 12(3)}": {c) “REQUIREMENTS AS TO BALANCE SHEET™ shall be inserted below *PART-T*as its ils; (@) Inseril No. 1, the title “Requirements as to Balance:Sheet™ shall be replaced by ‘Assets and lisbilities”. 10. The word “Schedule” in serial No. (a) in the “Form of the Auditors’ Report” in Part-II in SCHEDULE-1 shall be replaced by “Sehedule-1” IL. After *SCHEDULE-1", the following new ‘SCHEDULE-2" shall be inserted, snamely:= AE Phone (PADR) | 0 ISATOL, VARDEOGTOS, f= AWOEASAITET, ea RUSTE, Wo, HORN 14© Quarterly Review: June 2014 x ae gp) BANGLADESH SECURITIES AND EXCHANGE COMMISSION Bg) won saa tome 4.15 16830 F.00R) 10 DILLSHIAC A DHAKA-1om, BANGLADESH “SCHEDULE-2 [See submrale (3) and (3A) of rule 12] ‘Guidelines for conducting special audit of companies- In terms of power vested under sub-rule (3) and (3A) of rule 12 of the Securities and ‘Exchange Rules, 1987, the Bangladesh Securities and Exchange Commission may appoint an ‘auditor in the public interest to undertake special audit of the financial siatements ofa listed ‘company. To conduct the aforesaid audit of Histed companies meaningfully and objectively, the audit firm appointed by the Bangladesh Securities and Exchange Commission shall perform the snudit with special emphasis, among others, om the following matters: 1. Whether the company has kept proper books of accounts, register of metnbers, minutes of the meetings of Board of Directors and kept these updated 2. Whether the company as adhered to the Securities and Exchange Rules, 1987, ‘Bangladesh Financial Reporting Standards (BERS) and, or Bangladesh Accounting Standards (BAS), to sinte deviation thereof, if any, with particular reference to: (a) Accuracy of tarnover and majar components oF costs of salts; (8) Accuracy of reporting of business or segment or unit wise revenue, ifany;, (6) Position of current ussets with particular emphasis on the realization, collection and adjustment status of debtors, advanee, loan and, oF investment to sister and other concer any, deposits and prepayments, As regard ebvors and receivables, the auditor should obtain direct confirmations for such balances which constitutes for mate than 5% of the total outstanding, if not realized subsequently: The auditor should also obfain dinest confirmation forall the bani balances including loan balances “re of giving 3 Prone PARK), WORD NRIGTE, OWRD EIST Th NWAAINIITI, ema yaGUDlmalas, Web ore anchdame wmenior me 1sQuarterly Review: June 2014 BANGLADESH SECURITIES AND EXCHANGE COMMISSION [AGON IMA TOWEIt 1S, 16 29FLOOR IDDILKLSIIAC'A, AAKA-O08 BANGLADESH advance, Joan und, or investment to sister and other concems, if ary, should also be verified; (@) Revonciistion of production and sales revenue and its relation to WAT payment, if applicable, as well as Income Tax payment, The auditor should shock whether adequate provision for income tix has been made along with accuracy of deferred tax calculation, if applicable. As regard revenue, the ‘uaditor should verify the details of revenue with the control ledger end ‘sibsidiary ledger and confirm with invoices for its sceuracy and ssompletesess, The auditor should confirm that all the sales and its coresponding collection have been recorded and properly deposited tn bank and there sno fake sale. As regard other income, the suitor should verify the details of other insome and confirm the wecursey and calculation thereof with theavailable documents or sources; () Valuation and physical existence of items of inventories. The losing inventories should be verified vhrough physical verification and, where ‘pplicable, the balance should be confinmed by doing back calculation using the relevant book or records on. inventory usage. Regarding the inventories, mong others, the suditor als. should give comment(s) on the fillowing matters: © whether the company ‘has established proper system of maintaining the inventories; © whether adequate provision fins been made for obsolete and damaged items of inventories and whether these are written off secordinglys © whether the company has properly arrived at the enst of the inventors and valuation has been done as per BERS and, ot Phos PARR) Hoe EABAIOES, a 16Quarterly Review: June 2014 =) BANGLADESH SECURITIES AND EXCHANGE COMMISSION Df) neonate towne i c8420FLO0R, 1 DILKLSHN OAK, BANGLADESH ee (0) Authenticity of purchases and cost of goods sold, the tito should- * Confirm that proper policies have been followed during procurement; Verify the ledgers and invoices to confirm the accuracy aad ‘completeness; © Check the cost of purchases with documents; © Confirm thit the purchases have been made as per the requirement of the company, * Confirm thet all the expenditure relating to cost of goods sold bas boca properly accounted for; © Cheek the accuracy and completeness of all the sad expenses; ‘© Confirm the unit eost from the calculation; © Cheek the consumption off raw materials with the information of stores department. (2)-Genuineness of expenses of the company for the relevant year(s), In this regard, the aaditar shoald: + Verify all the expenses with the source documents and sheck their relevancy, © Confirm the calculation and formation; © Congr that all the expenses of the relevant period heve been charged tothe financial statements, (h) Directors’, sponsors’ remuneration or emoluments and related party transictions [associate and subsidiary compiny as defined in the Secuciies and Exchange Commission (Public Issue) Rules, 2006, BFRS and, or BAS) ‘vith special emphasis on compliance with the Commission's Orer No. SECICMRRCD/2006-159/Admin‘92-10 dated September 10, 2006 and Notification No. SEC/CMRRCD)2008-183/Admin!03-30 dated June 01, 2009 (cr, subsequent amendments in this regard). The auditor should confirm that the company has complicd BERS snd, or BAS in making oF reporting transactions with related partios, 3 Pans PNBR PANS 8081072, TRO-DNSTARS, Fi ABRT-DSTII e-mails SSGGSna ea, WS wesw og wow sep 74g Quarterly Review: June 2018 enh BANGLADESH SECURITIES AND EXCHANGE COMMISSION ‘RON SIMA TOWER§|4 1,168 29FLOR, HODIKWSIIAC A, DAR1E08 BANGLADESST © Cost of acquisitions or constructions, valuation, including revaluation & ‘ihysical existence and the tile of the fined assets, maintenance of fixed asset register, capital stock including plantation, if applicable. In this regard the auditor, among others, should do the following Confirm the cost or valuation of fixed asscts (including re- valuation of fixed assets) shown in the relevant ‘nancial staicments with the original sources inchuding vouchers, invoices, LICs, books of accounts, fixed assets register and ‘valuation report (where applica); Physically verify the existence of all fixed assets; Confirm thatthe company has a good procurement policy znd ithas been properly followed for the procurement mide during the relevant year(s); Confirm that the companys the ownership on all is assets; Confirm whether the assets are mortgage to any organization ws security and proper approval inthis regard hes been taken from appropriate authorities or shareholders, as applicable; Cnfim that the assets have been purchased for the purpose of the business of the company and the company has been benefited from the assets; Confirm that the assets bave been accounted for and presented as per requirement of BERS and, or BAS; Evaluate the disposal of assets that the company made daring the year and confirm it has been done following proper practice Verify the capital work in progress with all the source documents and confirm the vost incurred “a 6 Pose (PARR): FASE R101 ABD 18 ane an RAE et, ea ERE ROMERQuarterly Review: June 2014 “a Oy BANGLADESH SECURITIES AND EXCHANGE COMMISSION |) BON HCA TOWER 4, 15.168 20FLOORY,ODIEKUSHAC A, DHAKA, BANGLADESH So ‘Authenticity of the liabilities of the company including direct confirmation for major amounts (5% and above of total libilities). As regard loans or overdraft ‘a credits, the auditor should do the fllowing:- (a) Verify the loans taken from the banks es reflected in the company ledger slong with the documents directly collected from the banks; (6) Obiain confirmation from the lenders for the loans; (6) Obtain the information from the lender about the security given by the sompany (G) Confira the valuation and presentation of loans as per BFRS and, or BAS; () Confirm that the interest on loans has been property ascounted for, (0. Verify the creditors” balances with the hooks of ascounts and other relevant souree documents; (g) Verify the movement made in the creditnrs* balances with the transactions made during the relevant years); () Obiain direct confirmation from the creditors, ifthe size of individeat creditor is 5% or more ofthe total ereditors, (Verity the subsequent payment made by the company during the relevant year). 4. As regard panticulars of investments, he auditor should= (a) Verify the investment amoun{s) made by the company with the books of secount and supporting documents (Share cettifiate, FDR scripts, Sanchoy patra ete); (&) Obtain the confimmation from the relevant organization for the amount shown 45 investinent (6) Conticm that the company has the ownership on all the investment; (@) Verify the income generated from the investment, (@) Contin the secounting and presentation of investment and income thereof us per BFRS and, or BAS. Be we (PAR) OD REA SoA ORGTSRE Fi WS_ATEN_ oma SON, Wik woes og eau ReS 19‘Quarterly Review: June 2014 fi: AY, BANGLADESH SECURITIES AND EXCHANGE COMMISSION 5. Whether profit or loss properly atrihutes tothe period ss shown in the financial sstements, 6 Hem-wise reconciliation of cash & cash equivalent as shown in the cash flows statements. 7. Whether the financial statements are consistent with those of previous periods and ‘whether the sume have beon prepared and presented as per BERS and, or BAS. Whether the amounts shown inthe relevant financial statements and notes to the counts are accurate 8 Acquisition and disposal of shares by the sponsors, if any. 9. Composition and effectiveness of internal check and interns! contol 10, Extra Oninary items of cos, if ny with reasons thereof 11, Anyspecial remuneration or fees to any director. 12, Details of technical fee o royalty, if any. 13, Details of marketing, promotional or business devélopment expenses. 14, Details of foreigh visits with reasons thereof on company nosiunt 1S, Details of foreign remittance (inward or outward), if any with its purpose(s) and whether proper legal procedures and accounting treatment have been followed. 16, Application of income tax and VAT laws-in all the applicsble areas including, ‘or VAT deducted at sources, AL Prone (PBR) (72, WAL AROISS, Fs ADOEABID,eilsDUR ana Webs wnsachlg wee pO 20Quarterly Review: June 2018 ‘NBON BIMA TOWER 1 1,18 20 FLOOR IDBILKLSIONE’A.DHIAKA-IN8, BANGLADESH @® BANGLADESH SECURITIES AND EXCHANGE COMMISSION e) ‘As regard compliance with Commission's Notification No, SECICMRRCD/2006- LSBAB4Admin'ss dated O7 August 2012 (or, any further amendments in this regued), the auditor should reporte {@) Whether independent director(s) have been duly appointed by the company; ‘by Whether the audit committee has been constituted in compliance with the Condition No. 3.1; (©) Whether the Chairman of the audit committee has been appointed in ‘omipliane with the Condition No. 3.2 (i \(@) Whether the audit committee made reports to the Board of Directors (BoD) and to the shareholders in compliance with the Condition No. 34.1 and 3.5 respectively; (©) Whether the financial irregularities oF weaknesses that the auditors appointed by the Commission have found out, if any, were easier iewtified and duly reporied by the audit committee to the BoD (6) Whether the company complied with the Condition No. 4.00 as regand obtaining service of the stanutorylexternal auditors 18. The auditor appointed by the Commission shall also assess the quality of the audit report issued by the statutory or external auditors of the company for the relevant year(s) and shall make comment on the deficiencies, if any, of the statutory auditors’ report light of Bangladesh Standards on Aviting (BSAD. 19, Im making comments on the devistioas ffom BFRS and, or BAS, if aay, the auditor appointed by the Commission shall specifically point out the woletion of particular Para of BFRS and, or BAS, asthe ease may be. 20, The said auditor shall make an ineeption report stating that it has started audit including expected stafT hours and estimated eost within 1S¢fiReen) days frorn the late of receipt of the appointment letter and submit the nudit report to the 9 . ‘aan (PAR},ORRD T-SHI OT, RWOLOR6TSDE Ts EAASNITIN, em seRARTTaLnG, Wah WAN WSO OD 21@ Quarterly Review: June 2018 @ ), BANGLADESH SECURITIES AND EXCHANGE COMMISSION ‘Commission within (2 (two) months thereafter. However, the Commission, ‘considering a written application made by the euditor appointed by it within the ‘ssid G2 (two) months time, in appropriate case may extend the time for submission ofthe port. 21, Im addition to the points It 20 above, the Commission during the duration of the ‘audit may also request the wuditorto conduct the said audit by giving emphasis on ‘other matters or areas of the listed company. 22. The ausltor appointed by the Commission shall (6) maintain a timesheet of working hows as an evidence of staff hours spent for carrying out the audit ‘B) maintain records or documents in support of their findings for future reference or use of the Commission: and €) immediately inform the Commission in case the concemed listed company does not cooperate with the muditor in conducting the said audit.” Byonderof the Bangladesh Securities and Exchange Commission Di Prof. Dr. M. Khainul Hossain Chairman. 10 heme PAB) AOD OSNNIND, ARROWS, Fa HRD WATT mal cca Wid swe MUS 22Oi Quarterly Review: June 2014 ®, BANGLADESH SECURITIES AND EXCHANGE COMMISSION ‘BEN IMA TONE 1415, 18 0 FLOOR, 1ODILKUSBA Cs, DHAKA-19, BANGLADESH NOTIFICATION 28 May 2014 No. SEC/CMRRCD/2009-193/159/Admin/—% —In exercise of the power conferred by Section 29 of the Securities and Exchange Ordinance, 1969 (XVII of 1969), the Bangladesh Securities and Exchange Commission hereby grants exemption to the Inwest ment Corporation of Bangladesh from the pravisions of the condition No. 1.2, 1.3, 14, 3.2(), and 4(0x) of the Commission's Notification (on Corporate Governance Guidelines) No. SEC/CMRRCD/2006-158/134/Admin/44 dated 07 August 2012 {published in the Bangladesh Gazette on 30 August 2012) and SEC/CMRACD/2006- 158/147/Admin/48 dated 24 July 2013 (published in the Bangladesh Gazette on 20 ‘August 2013). By order of the Bangladesh Securities and Exchange Commission ilkiens Prof. Dr.M. Khairul Hossain Chairman ers i schaTbaa na Woe wae WERE 23‘Quarterly Review: June 2014 ‘Gres Say Sena (20, >a, 99 6 gE ERT), 30 Here), We J900, ATT | GaN aster Petia oe cae ei Rar arraMENTHf/2 000-29) 09 aor ce 2038 ‘Rote Sgr er me reese Seay fe ma fe anyrom Hifeiebe ans wre oie, Securities and Exchange Ordinance, 1969 (XVI of 1969) «# Section 20A, HEB © cxree sie (ftp WE) Fifteen, gook a Fae es Te ihe, cera wererem FAByrI TO Fo eT en o saeTERE Te fT ora gre Ree ant 9, ane 31 Ce) err rears race Ru tae Par APRBARD Ww omc fin (Eyre Jers) Rare, 306 ae FE we a oe ewe foes ween faihel efearrs ag CE 1S ft an ren an meet se (collected fund size) Bre meV eH wee hs Ge A Ge orwent HF (Pre-scheme formation period/Pre-trade period) ‘term fifa Ft we ek BOAR (9) 8 FOI GH CW (Re aE eM renter wfc fen ace Gece RAE 2c BHR) oe ON eH), [TENE Ae cme so wets (Special Purpose Fund) a cman fH ut 2 rE (2) 0m (a) 08 Bip ee em ae TET fe CT ATE I, (0 Re rCeR ee aN SICH A COR re RIT TH TTT PT cabs cpio cans (collected fund size) Oe ams ferme wt ws Se as serving sar (Pre-scheme formation period/Pre-trade period) fimo FR ue ue BRAN (8) dC) Mew (one ae ae aM OE TU ere FS ie fics afc | ore Rca fiom FAR 2 HS (9) oe (ee) ETE ofS cm ‘#15 (Special Purpose Fund) ur owcs BA ee 4 B+.86 (a) x a () ce Bes are ‘sree sore fe aT aCe fe, (1) 98 rs arent re fre FER ar cn get cm BrereO BORTTE (Sponsor) wee FARM eat Fe San ee Sin eh fs ace ws a 2eeges whe flows tte Gy HLF (Winding up) one ATT Aes wale Boe ‘wife re ecw WER mre FA we a (2) 8 oN (eR (a) rh x MT S1CUE Sa Tee eta fice fice) one wfitare: ta whe eed Boerare (Sponsor) ses FGETS CATA steer Rone Fm RCT (Ga law): oroasnreiehs protacwaas, a cea kaeaateh, ES (gad nal © oan aay WT 24.© Quarterty Review: Sune 2014 ® Te STATE oe aeDE RPA Bao ay Brome (30, 99, 25 6 296% eH), 30 fie Eig, UHL 000, TTT (a) a sera qf mame (Pre-scheme formation period/Pre-trade period) wens ws ‘ewes ho oe oof rare etter | 2) 40Re, PARE e omee ofr (RoE Is) Faron, good ae REE oF GER ce ‘eeye wre fate eee ey eT (public offering) RAKE erat soRttMT aA ARR ‘rent ict Cite em fic we cof come we ee wen el i fe (Ge Ruliag): conoasnrorich sree aewas, Wa pasate, EA |S Naan SUSI ny Wwe 25® Quarterly Review: June 2014 Corporate Finance CED's activities for the quarter : Aprilatune 2014 01, | Reports on utilization of | ReportsAudit reports on utilization of fund raised | 09 IPOMRPO-Rights Issue /| through —_IPO/RPOMRights —_Issue/Comvertible Convertible Preference | Preference Shares have been examined and put-up Shares. for information & perusal of the Commission. “The companies bave been directed under section | 08 112) of the Securities and Exchange Ordinance, 1969 to submit the utilization report on PO J Right, Issue fund. ‘The companies have been referred 10 Enforcement | 03 ‘Department for appropriate action for violation of the provisions of section 2CC of the Securities and ‘Exchange Ordinance, 1969. ‘Special audit has been conducted on utilization of | 01 TPO proceeds ‘The companies have been requested to submit a| 08 ‘status report ta the Commission on utilization of their IPO/Rights Issue proceeds, audited by foreign affiliated auditors and authenticated by the board of directors. 02, | Extension of time for | Time has been extended for submission of Audited 13 submission of Audited | Financial Statements for the year ended on Financial Striements, | December 31, 2013, ‘Time not extended, c 03, | Audited Financial | Explanation sought from the companies, 10 Statements for the year teded on April 30, 2013, | Explanation sought from the auditors a June 30, 2013, September | ‘The company has been referred to Enforcement | 01 30, 2013 and December | Department for non-compliance with securities laws 31,2013, {in preparation ofits Audited Financial Statements ‘The auditors have been referred to Enforcement | 01 ‘Department for appropriate action for submission of ‘ncorrectifalse audit report violating the provision of section 18 of the Securtics and Exchange Ordinance, 1969, 04. | Quarterly financial | Explanation sought ffom the company. a sisiements for the 3" quarter ended on March 31, 2014, 2605. Quarterly Review: June 2014 ‘The Commission, after due consideration of the | 06 ‘company's request, has accorded its clearance for appointment of Independent Directors in the Board ‘of the companics, subject to ensuring the compliance ‘with the requirement’provision of the condition No. 1.2(ii) of the ‘Commission's Notification No, SBC/CMRRCD/2006-158/134/Admin'44 dated, “August 07, 2012, “The Commission bas not accorded its clearance for | 02 appoistment of Independent Directors in the Board ‘of the companies ax they were not eligible for -appoittment es Independent Directors as per the ‘equirementiprovision of the condition No. 1.3(ii) of the Commission's Notification No. SECICMRRCD/2006-158/134/Admin/§4 dated August 07, 2012. ‘The company has been advised to follow the elevant | 1 provisions of the Commission's Notification dated “August 07, 2012: for appointment of Independent Directors. Corporate Governance Guidelines (COG) ‘The companies have been directed under section 05 11@) of the Securities and Exchange Ordinance, 1969 to furnish the eopias of code of conduct of their ‘boards of directors as recorded by them, ‘The company has been exempied/waived fram few a ‘conditions of Corporate Governance Guidelines. 27© Capi al Issue Private limited Companies: ‘Consent for raising of Capital sbove Tk, 10 crore for Private Limited Companies Consent leter issued from April to June, 2014 ‘Quarierly Review: June 2014 i | Aeeties Cetra | aoe 7.042014 | 150000000 2 | Quatity Paper Mis Limited | Prima stuncs of 02.08.2014 45076600 5 | Motel Cstsey | Oxia tar aman | smn [SATE [Ramm | om | sme 5 | Navana Engineering Limited =| TSenogoge | 06052014 300000000 6 | tlds ga Fower | Oui stan af aman | niowsoom 7 | RERieind o) Otiny shares of moors | rerissoo | Ata i gy | Ona shan of seosame | erin > | stoma tinea | Sia shar aman | 9s 10 | Hamza Textiles Limited Tee.cony 30.04.2014 ‘90000000 2 TAR | ay awe | rename | vn 2 Spr maalalaaal ee 08.05.2014, ‘60000000, 0 | beer tins Gntsary ease | gcucamu | somo v4 | Repenietinina | OrarrasorTe | ggggamu | aero 15 | june Pececa mina | OMeseraasorT: | xgcamy | arpasun 28© Quarterty Review: Sune 2014 ve | AbKDe anc Comny [Odi tusorT — | agoaag | assoa v7 [amseuiintinina —— [Omagtee orm — | osaaow | isco it | imgh Guing sort | asasama | sone ws [Raster [ona torT | pags | smn m [ioicmemmmiimins [Origa | igs | reomome gc er ws | piecomronwertimens [omer aeeo™ | goa | _semame ce [SIE BRID Nemeowen | Oring oT | aeocanne | asomomm | GtaeaSeoaoed | Roan eso saan | tebe 2s [am agoinmaner ima [ORR AERO | capcom | reas 7 [nepearinimanuinis [Osean | ooycae | scan a |e Sou 29.06.2014 37800000 we [omic acemntinnea [OmR ERAT ceca | women we |suaremeuinne | Odmamdamott | aeocata | eon Total 7510758550 29Public Limited Companies: Quarterly Review: June 2014 Consent for raising of capital above Tk. 1 crore for Public Limited Companies Consent letter issued from April to June, 2014 1 | Diamond Lifetaumnce Limited | Odes shares of 1s.o1201¢ | s0000000 2. | Fareast Itami Propetise Limited | 10.9) 60 000. 13.08.2018 10000000 3 /RAKUD-SME easing) Riga reo vroiae1e | soooeo00 4: | Se eines Come | ot ir012014 | 240090000 | Baldeh Nuonal tmuaace Rig dares of zao1z01¢ | 3700000 «| KeiBanehcesh Abinto] Ontos stars of zaoe20ie | 10000000 7 | Agzani Baty endIavesient | Oriary hares of 5.05201 | 200000000 1 | Eoawiss Former Coronation / Onin shar of soodzo1e | 432400000 9 | teadsCorprntion Limited | om, states of a4oaz014 | 148200000 10 | Delia Hospital Limited oon a 1s00a000 11 | Basi Banglades Limited | Optiney haat of 22052018 ‘7100000 12 | NLU Secures Limited Sones Aare esosz01 | 330000000 13 | Coapeytatea | Setemy aneet esosa01s | ss0000000 14 | Royal Denies Liewited eo 5.052014 | 250000000 as | Poker ten Peper Prntacs | Debemret oxasanie | sovevoo ‘Non-convertible Coupon: 16 | me city Bak Limit Bearing Subordinated Bond | 06.052014 | 2000000000 oF 300,000,000 30Quarterly Review: June 2014 17 | BDBL Securities Limited ae 14982014 109009000 18 | Global Jute Mills Limited Pesan a 00c: 21.08.2014 20000000 19 | Desh Denim Mills Limited Coton ead Boces ewe: | si osant 350000000 20 | Atpha Credit Rating Limited ee 22.05.2014 5000000 Right Shares of Tk 21 | Sonata Bonk Limited ng ae 3.062018 | #140000000 Gears (euaies ‘Ordinary shares of Tk 22, | Corporation (Bangladesh : 16062014 | 11500000000 ero 1150,00,00,000/- BDBL Investment Services | Ordinary shares of Tk. a |e a eoon 09.05.2014 200000000 Comaneree Bank Securities and | Ordinary shares of Tk, 2a: | Siemon Pes pa 10.06.2014 -4s0g0a000 25 | Haid Weeving Mills Limited | Duets 59 0" Ieszors | 246844120 ‘Cumulative Redeemable 2s | in Preference shares of Tk. 15.06.2014 -480000000 i 4800,00,000.- 27 | Anmra Networks Limited Prana: ee 22.06.2014 120000000 28 | Reya'¥ran Mills Limited oo Th. 24.06.2014 348800000 29 | Aman Spinning tite Limita | Horus of Tk sencaoa oe ‘Non-convertile 30. | Trost Bank Limited Subordinated Bld TE, 24062014 | 2000000000 20000,00,000%- 31 | Sonali Bank Limited Sane 30.06.2014 | 19950000000 Toial 5106854120 31‘Quarterly Review: June 2014 Pa ng (ovora wy, summa panery | youu sn mareout Sapa20)] ano sms | aaa aon | amp fees Sane noccott sonra | wc vost | owe exec | oss [coor | vrsorz fade eummr| seoigancormy | so fon (outa smsnps ‘unqwaud Par suka wor a0 61 uypmes)| sare am | won ame | amo suumeensy |g AuRaey s0z901 our | ons ose IS cous | soon | ooo: | srvo80 oat] sama | v0 (oooraL| sunpeud s0zz0 01 Supmpa)| saan sme | aon ane) oz to 90 oor | ower 1 eer ort ‘0 1079071 son ama | 20 an 10290 80 div | oot wot | seit sere suit fondest | poms | co aT ready sd | pay ok worsote aan omn ons | ams 2 pom | por for 10z 30°81 ad | cost ose ese | eroe |ooot [ervoue | redo cay |e Pm] 0 ul si wea a a gs é z i ‘PLOZ Funf oF Ady Supp snrodsorg Jo woryeopE nd 10 yuosuo> papios9e woPssFUTUTOL) Y>xT|A 10} SINSS] Oy JO STB[NI IAi aT saan ‘TSI pyar couse nocenee an | amo ana] ane pom pry | ego, MOT RO zy over | oree sth oss | over | reese | PUSIO DEW jaa sep oe ur sens rp poms anata rae) Conse ‘891 ‘Pom renal ome ‘ecto tapas snes | am saa} ae TE) pq pcs nwrw901 we cosy | 19 sero] sse0r | onor | prvozi | som amag | camgy ime® Quarterly Review: June 2018 Rights Issue for April to June 2014 States Report of Rights Issue for April to June 2014 91725600 Ordinary shares of 1 | Delta Spinners Limited 04.2014 | Tk 10% exch tovaling Tk, 91,72,56)000 917256000 Total Th 917256000 34Quarterly Review: June 2014 Surveillance (April te June, 2014) Daily Market Surveillance As part of duly market surveillance, the surveillance officials watch and analyze the trading activities in both the stock exchanges through Commission's own surveillance system “InstantWatch Marker" in order to find out ularties, suspicious trading and market misconducts, if aay, At the end of daily trading, a day tad report ic prepared by pointing cut market conditions and submitted to the Chairman, the Commissioners and the Executive Directors of the Commission, Investigation and Enquiry In order toensure Tair tring and build confidenee of investors inthe securities market, itis necessary to ensure proper compliance of securities related laws, rules and regulations through investigation into suspicious and manipulative cases, During the period the following investigations were carried out by Bangladesh Securities and Exchange Commission and Dhaka Stock Exchange Limited. (A) Investigation by Bangladesh Securities and Exchange Commission As part of regular market surveillance, Surveillance Department of BSEC conducted investigution into short- selling of securities by different stock brokers and found that 109 (one hundred nine) stock brokerssiock dealers were involved with short-selling of diferent listed securities, Subsequently, the short-selling eases were referred to Enforcement Department for next course of action (B) Investigation by Dhaka Stock Exchange Limited Dhaka Stock Exchange Limited investigated into share trading of Prime Insurance Company Limited (PRIMEINSUR) by Mr. Abdur Rim and submitted a report to the Commission. After examination of the eport, the matter has been referred to Enforcement Department for next sourse of action, As per instruesion of SEC, Dhaka Stock Exchange Limited investigated into short-selling alerts generaied in "Instant Watch" market surveillance system during April-June 2014 and submitted reports to the Commission. (©) Investigation by Chittagon Stock Exchange Limited ‘As per instruction of BSEC, Chittagong Stock Exchange Limited investigated into short-selling alerts generated ‘Instant Watch” market surveillance system during April-June 2014 and submitted reportsto the Commission, 35‘Quarterly Review: June 2014 Registration Issuance and Renewal of Stock Dealer /Stock Broker Registration Certificates: During April-June 2014, the Commission issue 1 (one) stock broker and 1 (one) stock dealer registration certificates in favor members of Dhaka Stock Exchange Limited under the F@2@Ibe ¢ wexzrw Ft COR fore, er crore « wagon eff ExT, 200. Moreover, the Commission renewed 84 (cighty four) stock broker and 76 (seventy sx) stock dealer registration cemtfcates of Dhaka Stock Exchange Limited and 28 (twenty eight) stock broker and 17 (seventeen) stock dealer registration centficates of Chittagong Stock Exchange Limited respectively during April - June 2014, Issuance and Renewal of Authorized Representative Registration Certificates: During the period under review, the Commission issued. 4 (fou) authorized representatives registration certificates of Dhaka Stock Exchange Limited under the S®BABe « eacsa ofite (Ha fesra, Ber ctr @ acute eee) eI, 2000, Moreover, the Commission renewed 350 (three hundred fifty) authorized representatives registration certificates of Dhaka Stock Exchange Limited and 3 (three) of Chittagong Stock Exchange Limited during April-Fone 2014 under the PRSGRBE « cw afi (be foe, soe ates € EEE ef¥FFn Rat, 2000, Issuance and Renewal of Depository Participant Registration Certificates: During the period, the Commission issued 4 (four) depository participants registration certificate undcr the Feotaota creafiey afermin, jooe and renewed 99 (ninety nine) depository participant registration certificates. Issuance of Registration as Trustee of Debt Securities: During April-June quarter, the Commission issued 1 (one) trustee registrution certificate of debt securities under the Sccuritics and Exchange Commission (Private Placement of Debt Socuritics) Rules, 2012. Relocation far Branch Office to the Stock Broker/Stock Dealers: During the suid quarter, the Commission approved 5 (five) relocation of branch offices of different stock broker & stock dealer to different locations within the same city of Dhaka Stock Exchange Limited. 36© Quarterly Review: June 2014 Mutual Fund and Special Purpose Vehicle (MF & SPV) During April-June, 2014 Mutual Fund and SPY Department has performed the following duties and responsibilities: (1) Registration and Public issue related fictions of mutual fund Approval of draft Trust Deed and | = UPS Unit fund Investment Management Agreement Approval of Prospectus ofthe Fund | ~ Time extended for submission of draft prospectus of ‘Vanguard AML Rupali Bank Balanced Fund Approvalicancellation of Scheme | - Cancellation of Scheme formation of LRGB. Unit Formation Fund due to nen compliance of relevant Rules and instruction has given to refund money to the subsoriber. (2) Winding-up of Mutual Funds: Completed the formalitics relating to final approval of winding up of Funds namely Padma Islami Life Ist Mutual Fund and Continental Insurance First Mutual Fund. (3) Policy related activities of Mutual Funds: ‘Preparation of contents of Guidetine for Management Fee during Pre-rade/Pre-scheme formation ‘Period and subsequently Directive issued by CMRRC Department oa the matter. Completed the policy framework related to non-applicability of FAPOSADE « carcse fier Borecans meer crete re, aiRaree «oy ae) FRET, 2003 in case of mutual fund's sponsor holding. Completed the policy ffamework related to non- applicability of Commission's Notification No— SEC/CMRRCD/2001-26/32admin dated March 23, 2010 regarding scll of Sponsor holding for the rvtual funds, (Completed the poticy framework related interim dividend for Bangladesh Fund. Settlement of issuc related to charging of formation fer for Bangladesh fund by AMC. Settlement of issuc related to fixing of asset manager for Vanguard AML UCBL Mtual find one. 37Quarterly Review: June 2018 ngfcompliance of mutual fund's investment: ‘© Monitoring the compliance of investment limit tn the capital market and other Usan capital market of ten rmutual funds. ‘© Monitoring & review the banking transaction of twelve funds, ‘© Two matters Referred to Enforcement Department: |) Matter referred to Enforcement Department of the Commission for inconsistency in the infiwmation in the bank account of the fund and suspicious frequent trading in those bank accounts for six funds, ii) Matter referred to Enforcement Department of the Commission for investment in Private equity violating the Mutual Fund rule for six funds, (5) Handing of transaction related issues and complaints of Funds: ‘= Settled the Complaint regarding declaration of dividend of two mutual funds. © Matter of five complaint of brokerage house is now under Commission's decision relating to handover of winding-up value of First BSRS Mutual Fund after getting opinion of SRI and Law Department on the subject miter. ‘= Completed the formalities relating to approval of transfer of twe mutual funds Sponsor holding outside the trading eystem of the Exchanges. (6) Supervision of institution relating to mutual fund management 38 ‘© Monitoring the activities of five custodian of $1 mutual funds to ensure that the assets of those funds are secured. Besides this, MF & SPV Department has been performing i's mutual funds monitoring duties regularly® Quarterly Review: June 2014 Supervision and Regulation of Markets and Issuer Companies (SRMIC) (COMPLAINT AGAINST LISTED COMPANIES: (April to June, 2014) ‘Nonpayment or delay in payment of dividend 12 3 9 ‘Nonpayment of debenture installment Regarding transfer of shares ‘Non receipt of letter of rights share offering 1 1 ‘Non receipt of annual report 7 1 Refind warrant ‘Non demat of shares 7 H Miscellaneous 9 3 4 Total 4 e 15 All the complaints are settled by DSE, CSE and CDBL, and report ta the Commission as per the above format under the SEC Notification No, SEC/SRMIC/4-23 1/271 dated October 12, 2011 39‘Quarterly Review: June 2014 AGM held during the period April to June 2014 7 Tm Cem (ap EOE | OBERT | — sen | io SORT | wena 2 | Paicve Hels Reworss | aorsiz | owownora | 25.00] = asoaz014 | 09.03.2014 3 | Gruso Ld aoraia | opoez01¢ | anon | | sonaani¢ |i onanr4 4 [akAC hk BISiE | TOAzTE | — toot | aos SAO [nao = [abe ase Sanat | To0aao1e [son imam sR03a014 [eno 6 Motul rut hakiaa——[20152-| roowaor | —- | anya} an0sa014 | 190304 37 ari Cenea 2arsia | Toezoie | —yoo0 [| anosa0i4 [osm + | sats png soins | Peowzvi4 rox s00sa0i4 | tomaon 5 on Powe asia | isow20ie | | 15 —[asesz0i4 [oso fan aes vo | Renee caist2 | ie0anoie | | insmun | sto3a0 | rs0s2014 ir [veut sau [Treiaore | —aa90 |_| ios | eaana0i8 12 znisiz [Trewaois | — 100 | aah | rasanis | scna004 3 anisiz [az0i4 | —aoeon |. —psnosania | isosa014 m ain5 [ioe | — 1.90 || ansanie [oon mM aaiaia | aieanie | —so0.| raw —[asnsanis | rsosaons i “BIsia [2802014 [ange | =| Hansabe [rani [stew bale ast | 240401¢ | son00 raavoie [ay gpa014 18] BSRM Sil imag 20012 2u0e20ie | — 1309 |} oanvanit | aeepa0vs 1g | Beets Fa [aoa | aaninora a [oxoxno1s | 24032014 2a” [neg Deni inioa | 202 | 24aGE | — acy | sven | FORE | moacor6 a1 | RetSeewriy Haat et Pagrsi2 | asouzma| 1000] - _ | 2soxa0m | rosa | Sings Banga 2araia | apenas |— no | ase | roosan | aronana 3 [nual tose 2aisia | aue261¢ | — 1000 | rower | Ta0amoI4 [3.0504 24 | Dome Finance 200312 | 30062014 30.00 - 1203/2014 | 03.03.2014 2 | Valetta aoa [yaw | rao | | eaaao | aa0sa014 26 Resin Besreroaiaa [201317 | O80K3014 | aon | aNOHAOTE_[ oxota0i4 27 [Linde Banga Led | 20812 | ovosa0r4 | ston] | asmsa0ie | 16052014 ag | PamtLeaie naoee wed aguar2 | owoszoia wan | suoson | 1903-204 = emme Ba ane one i [ aoa | pons vo | Sma tines Tanista | nnmsooie | sco | - | suonaons | rwox2014 3 [Une Bek 2araia | viesaore | — ison. | ian | ostanos | 3a osm 32 [ager Feweartag [20813 [14a | —ssan [| sa | soosz014 es Bewtgmeconor | 201s | isesaoie | soo | ao | araaaon | ramaa04 Sia ot a Lied Tausi [isesaore | 990 | ao | onan | arena 35 [Panis Boyd aust [ismsa0ie || toon | axons [ otoconia 461 bb tne Coa [anise [Rabie ‘onan —[ono2ni4 | ies 014 40Quarterty Review: June 2014 | Pines les vaos201¢ | 1800 | ani 190120 34 | Sanded me inosaois | —ia00 | ‘hose 3 [Pg ence insa0is | 250 | a 15042004 22 Contant aoesaie | —ye00 | — = misao at | Besa aowsaie | anos |. —[rrowa0it | nso ania a Tras a a annie Tae oabuaort | semnaore 443_| Sinobangla Industries zasiz0r4 | 10.00 x 1g0320 | 26.02.2014 | Heeler Cen Bi aaanoit | —ss0en | —[srovaoit [aso 2nia as | FAS Finunos & lnvestment OS2014 5.20 - ‘2U042014 | 08.04.2014 a | eo steve | — a6 | Town [era | -ar95 aaa 27 [opin Pen asmsaoie | | isn enosaou | 27042014 a 3 mse cmisaoia| 2000] - | rnoaaove | oncua0ie tis Foe © a cansaow | ao | em | auocaow | a7oa0re an toaagriaee so | Mitel Hoag cavsaois| aso |_| easaon | a2oianre Si] Pres tni ans | | arse | aomaamre [Gy Bue eosaoie [| gong | ovanie | 2793014 treats Tasngad 3 | menace ng avsaos| sao] | awovanns | isosanre | Agel ontnce Co ba ana | —so0 | sma | SHOWED | Soon ama aga Dany & Teal ss Duy & 2eso18 ‘ona | exosaow | 28042014 | Se Eom ince cesaos| 1700 | sxe | raosaous | soosanie 3 | Megs ne aapanie | isco | + | usm | wxosama [Socal as Suesno1e | — too | aawa0e | Ss ani [lan Ba La sunsaoie| — noo | maf exoeaon | sj g3a0i8 6o_| fehl ne eres sinsaois| - | staf axovaons | iso4ans a [hapa sueore | | sw [00004 | wens a LT | NCC san aanabie | eno | ss | easa014 | a4oc2014 |The asia orms20ie | —asa0 | nap sunwaoie | 3guaoie | Sears els opment | Na | | isosa0it | soo ante | St Gaia oane20is rors | rsoucot | sc4a0r4 alte aoe aware | — par | [ssa | separa | als Inia ownwanie | —rs0 | | uaosaoie | oxo ani [Mol ee owoanoie | — 00 | Taxa | 2r04a014 | op 2014 cance Se ragaore [sa chowanie | ots: [A Bank Lid iaosaoit |x| | edaaois as na0i4 72 AC Rome Tawea014-| 2500 [_. —[ tasaois | 30042014 1 [ai Lied rabeaore| — eso | maa | fabsa0i4 | Soom 74 | Meare Bak Tansaoie| —no0|—izvan | eneaow | 31932014 7 [aati Fine Chosa Tapsa0it | so | 20a [2aaa0is | 2042014 41© (SL Te aa [sere ae [se] Quarterly Review: June 2014 16 [ArCAgoBixaiia | | aneane |—.|Toxs | USO | a2ouat4 77 [ sao Bu sania [isnaaoie | | oso | etsaoie | 2r0ea0ie 7 Sau Tle sous [tebe | — aoe [ions | soesaois [arosaote 73 Macnee [2012 | Tenet | ano [| ssaoie [oxnsie 3 [Aes Par BOISE [Taare | — 00 [Som aausaare | 1k0s30a 1 [ErestFimeed | ous | innate | a | - | enasaoia | 2304014 aD ae 201312 | 17/8206 Nil 2005/2014 | 05.05.2014 #5 [Fagen tor a) Bak | aE | Toeaare |. —| “raw | armas eee us [Bewicoh Famed oysiz | enanoia| _- | 10x | vzesaou | 200s 1 Pownic srmoe on | store Tasos | aoma20i8 | Sir nce [SOE [ TTA rT ELEY 87_| Khulna Power Company Lad. | 201312 | 18/062014 SB 14052014 | 30.04.2014 [Cena lsrce zou | Tonsaote anata | anos at 15 [ Ban Si souse_[ Toate frase acaoie 90. | Kamspaiinesanes [aot | Tebezn¢ Sen ists | 29020 91 Som gl nnrnce | 2002-98 Tau iusa014 | aposa0te a [asc zoisoc | zuenata Sone rreaa014 9 [sess Pama Soin | Bibanole sia as aoncanie 3 [Reine embassies vasa0i¢ [snoea0te 9 Shing Cen Ll 2002_| 20614 = Pissaaie [sos te [Ren i Poise | aibanaTa Txee [aos sonca0re 7 REED. 201312 | 26am | is%p | 18082014 | 3004.2014 [Gots Son ned ast [ aimee [> [ssn isso cesta 93 [bageyFotren soisiz [ainaaoia | | ~ ss rasa | osesa0ie ie | Bas Almas [anise ainwanie | [sus [ass [ oansa0re 201 Pv teed [2002 | sensaoie |= | in| wunsaie | somuanie coe eee sara | aenaanie | [sons | i3tsa014 | 2onea0ie its | Beas ey Cal [ ants | aomwanie | [isu [cans [a asante 1 | Oo Ps soi | zaneaoie | 2500 Buns [11st ins [TechOnline ta [51 [ sunseala | —- [vom] sa [ somcanie 106 toe 2oisi2 | 2xee2m4 | 10.00 | 10% | 1x0s2014 | 30.04.2014 wr [Suomen td ——[ 20 | aanaaore |. [issn | soeua01 sot | Gay Gowrie Taowin | nanscove | - | 1000 | 280anata | 20012014 1 | tats ase sons_[ suman | — anno rasa | aeeaaere 110 | Coie Cone 202 asnaaoia [pr 30 vansa0i4 [240208 11 [Roper ou saisiz [asnaanie | — 2200 |. stsa0ie | 290sa0ie 12 | Paamommt tonnes. Tousen | asiwcive | | 10s | sv0saots | 290ca014 | Aa mpm | agoenae | noe | | wiasaaie [aroun Tie | Dts ata at [291 | sanazo14 | 2000 vaesa814 [arose 11s [fo nnace corsa [aewaoie | | nap snsnoie | a7eeanie tie | Bd Weng Hes [2012 | 260018 | na risaoie | renua0i4 42Quarterly Review: June 2014 un zor | 250620 Tons | 1308201 1s [pate sous | aspera {aoe [=| sao [2400 ro tors | teste | — a usan¢ | an9e201 sao | Pgmeening Fae aoun | asnacine | ni aemsaove | sno4ate | weno haute [ao | sowaaore | —yonn ‘manaae | Sonam Tar [Was Chew SD1E | STmeaMTe | | pom [Tan | anmaore 123 | MUL Bangladesh Limited 201312 | 2862014 25.00 ~ 98/05/2014 |_21,04,2014 24] Sil an Beak [012 | aomaaoie | —- | vous [whos | ronaaois tas [ Pash Ges race [01 [Someone | [isn Sv0sane [rvsaoie iat | Asaf Gens [20152 asnaaote | Tam eaeaaoie | aretani a7 | PeprateaNest Fashions | aoiai2 | asmmamia | - imp | 1205014 | sa04.2014 a | cuca wou [sapaoie | [Tasman [anaes [onosanre 43‘Quarterly Review: June 2014 Supervision and Regulation of Intermediaries (SRI) ‘The functions of Supervision aind Regulation of Intermediaries (SRI) department are supervising and regulating the activities of stock-dealersistock brokers, depository participants, security custodian banks, merchant bankers, market makers, security lenders and borrowers and other market intermediaries, This department conducts the regular inspection of stock brokersdealers, depository participants and merchant banks on monthly basis and also conduets special inspection a8 and when requited, The SRI department also deals with the complaints lodged by the general investors and other stakeholders. During April to June, 2014 the following activities were performed by this departinents 4) Complaints against Market Latermediaries Financial loss due to ‘on-transfer of share Delay in settlernent - : . . 3 F . ‘Non-receint of share 4 1 5 : - 4 1 Corrine of Broker 3 7 ‘ : : : > (CashCheque/Dividend? Bonus related Others 44@ Quarterty Review: June 2014 {i) Inspections conducted (April to June, 2014) 45© Quarterly Review: June 2014 Enforcement During April to Jane 2014 the following enforcement actions were ken against Issuer Companies, Merchant ‘Accurate and transparent information not reflected in the audited financial statements 1 Feely Failure to submit the audited financial statements 1 ‘Warning Failure to submit thc half-yearty financial statemeats 2 ‘Warning Non-compliance of Dircctive/Notification/Order 16 ‘Warning Non-submission of Capital & Shareholding Position 1 ‘Warning ‘Total a Against Merchant Banker: Non-compliance of securities related laws 1 Penalty Total 1 ‘Against Stock Broker/ Stock Dealer: Noa-compliance of securities related laws 18 Waring ‘Noa-compliance of securities elated laws a Penalty Total 26 Against Others: Non-compliance of section 17 (2) (ip (¥) of the Securities and Exchange Ordinance, 1969 (X¥II) of 1969) in connection with 1 Penalty share trading of RECKITTBENQuarterly Review: June 2014 ‘Non-compliance of section 17 (¢) (i) (¥) of the Securities and ‘Exchange Ordinance, 1969 (XVII) of 1969) in connection with share trading of PF1STMF Penalty ‘Non-compliance of section 17 (e) (ii) (v) of the Securities and ‘Exchange Ordinance, 1969 (XVII) of 1969) in connection with share trading of PFISTMF Penalty ‘Non-compliance of section 17 (e) (i) (ii) (v) of the Securities and Exchange Ordinance, 1969 (XVII) of 1968) in conection ‘with share trading of RAHIMTEX, BANGAS, MITHUNKNIT AND RENATA. Penalty Total 18 ‘Grand Total : 21+01426+18=66 47© Law ‘Quarierly Review: June 2014 Court Cases of Bangladesh Securities And Exchange Commission ‘Total 492 cases filed by or ngninst Bangladesh Securities And Exchange Commission are pending in different courts. Name of the courts are given below along with number of pending cases O1. | Supreme Court of Bangladesh ‘Appellate Division 7 High Coun Division 202 ©2,__| Special Judge Court and Paribesh Appeal Adalat, Dhaka Oo 03.__| Additional District Judge 3* Court, Dhaka a 04, | Metropolitan Sessions Judge Court, Dbska a 05. _| Additional Metwpotitan Sevsions Judge 1 Court, Dhaka a 05, _| Additional Metropolitan Seasion Judge $* Court, Dhaka 3 07,__| Metropolitan Asst Sessions Judge 1* Court, Dhaka oT 08. | 4 Joint Dist. Judge Court, Dhaka ol 09, _| s* Joint Dist. Judge Court, Dhaka 9 10, _| 4 Asst, Judge Court, Dhak 1 U1 __[ Nababgzong Assisiant Judge Court, Dhaka oO 12,__| Chie Metropolitan Magistrate Court, Dhaka oa 13,___| Tabour Cour, Dhaka a 14, | Geral Cenificate Court, Dhak 236 Total number of Cases : an 48® Central Depository Systems ‘The following companies joined the CDS during April-June, 2014 Quarterty Review: June 2018 ‘Ot | Matin Spinning Mills Limited Apel 8, 2014 02 | Hwa Well Textiles (BD) Limited May 14, 2014 03 | Wata Chemicals Limited May 14, 2014 64 | The Peninsuls Chittagong Limited Jame 15, 2014 49@ Quarterly Review: June 2018 Management Information Systems (MIS) MIS Department is responsible to assist different departments of BSEC through development of automation in their activities, development of capital market monitoring system based on computerized. datz analysis, and forming all about securities Laws and other related matters through website, ‘At present all officers of BSEC use computers in thei daily activites, AM! computers are connected through Tocal area network (LAN), Different modules of integrated Bangladesh Securities and Exchange Commission Automated System (SECAS) have been developed at BSEC for use of its different departments, Officers of [BSEC can use $ mbps of fiber optic Tine bandwidth intemet connection fom their workstation through connected LAN ftom May 2014, BSECs website (www.see.govbd and wwwrsecbd.org) is enriched with various information like press release, securities laws, IPO prospectus, eligible seruriies, depository participants, enforcement actions, reports ete. which are updated regularly and many users visit the website. Recently The Commission redesigned the website i make it more user friendly and good looking, MIS department works on development, modification and maintenance of the mentioned systems. During Aprilune 2014, Important Web Uploads and Website Visits: IPO ProspectusRight offer document Upload 6IPO, 1 Right offer Enforcement Actions Upload 48 Other Onder/Notification/Directive ete Upload Eligibility of Security! List Depository cts ‘Quarterly Report Upload ‘Annual Report Upload Proposed Draft Rule Upload for Comments Preos Release ‘Tender Employment Information ayelelefele S 50Quarterly Review: June 2014 Research and Development Research and Development Department of the Commission conducts investors’ education program for the general investors, impart capital market related seminar for various government and non-government organizations, prepares and publishes Commission's various publications regularly, furnishes various reports and information to the government and other institutions including Ministry af Finance and different regulatory authorities, and makes paper clipping from mast of the daily newspapers (20 dailies ) and circulate it to the Commission and executives. The department also deals with the training program of the authorized representatives jointly with the stock exchanges. During April-June 2014, Research and Development Department has carried out regular activities ax ‘mentioned in the table below: 1 | mining Program for General Investors = (Two-days program) 2 Training for Authorized Representatives: a (T90-days program) 3 | Anmual Report 2012-2013 = 4 | Quarterly Report 1 5 Parikrama 1 6 —_| Monshty Work Pian to MOF 3 7__| Monthly Progress Report to MOF 3 SI‘Quarterly Review: June 2014 Stock Exchanges Operational Statistics DSE OPERATIONAL STATISTICS April to June 2014 91997.61 58457.67 TTI ISTE “Index and Market Capitalization of the last tading day of the months have been considered as relevant figures of respective months, (CSE OPERATIONAL STATISTICS April to June 2014 pail 140433203 | 2311974 21 1 8 v4s4a8 | 35497 May 136682078 | 2256386 8 133 6 aaaiai | 293.76 June 137662279 | 2297728 2 163 7 yorass | 32152 ‘Total : g a 438 7 1969.32 | 305.96 ‘Index and Market Capitalization of the last trading day of the months have been considered as relevant figures of respective mouths, 52Press Release Quarterly Review: June 2014 ‘The Commission has issued 07 press releases during this period, which are included in this section, 53@ Quarterly Review: June 2018 © Tero fscate ote care aii = ‘Sra Tar ToT (se, 94, 94 6 85H EAT, So AMPH M4, oTe-d000, enc tiie site oa et Freel cae iene eka ict wit eon me GN TT sk ec ec Sou corr an Seems ma fo 2. Shari deste Limite 4a 30 rat NC se CF A com a ee (IPO) HOD Sern te ro a8 IPO a KCB 38.0 or een en sh Ft nee, waa, CE ey, eg rE MES eT | Shui lnc Limi oF e217 So} om mn eocet fre fore wpa ote aft or (EPS) 08 BY ott aMEAE wm (NAV) 858 Det (rarestrn Sora, Shurwi Indes Linted an by erexvoae wficg Pate scan 1CB Capita Management ites ‘1 Dee Spinners Limi 2 or (am 93 ween mde Been sae entre Foe 3A we EE scar et rao oY racer oR Dea Spinners Lined oF» 38at,900 8 roe cma af Da > ou sora cay ia CENT We sa SAN st AT CME nage 20 Dt Ree ete Ore ‘Balancing, Modemminion fReplacenest und Expansion (BME) of existing vex pinning mil, Expanscn ‘irwugh presdoet diverlicaion, Puta repayment af Loag Terma leasfLong Tem loans of the Financial lnsttations ee wee act a ERE come Ee gra otrg ror Basco nance und tnvestnent Linsited '% Syl: eto City Securities Lid. (CSE Member # 25) 0 inom fortine Btia hs mm wo forge fot Fag eat acme ewe age "Margin Rules, 1999 sn Rule 3 2) sec margin agremeat wire rere arewenre fh fe Far Pate ty we rm leon comatin come om or cx Chimagong Steck Exchange (Shor-Sale) Reputation, 2005 st ‘Seetion (1) sino Directive No, SECICMRRCD!2001 3/51 ft 227072010 w eer comhe tome ft mares, 1 Sylhet Metro City Securities Lol 9 Conzoidatsd Cuorien’ Account ways ca cx FDR oe ‘102 Sccurics and Exchange Rules, 1987 4 Section $A (I) (2) a8 SAE ame vio OPE form, 200 open « mare fete ear, anno en Re 33 eu ow er a wath a Smee 3 ee [Eran PEPER ee ey er fea mreEHE Te Sy/lbAt Mito City Secure Lid TF (4) 4 FE ed wns tren wera) ‘& acer Shares Securitios Leite (CSE Member ¢ 33) 0 noe i ontoee Son the wm we Fong Fre rete a ths rt Fe OEY EE 3. sc eben Average Net Cepia ot 25% en fire anor ore sp Margin Res, 1990 ale 51) = ee Zoe we oe aE ER wt ao FE yEE ANE Beat SECCMRIECD200 831601102008 ee (Sra Pte te rer er ofien secen mec Easter Shares & Securities Limi -v@ gp rw re eee sefeur Bewe scr cox SLE Pa tere Geort a eave CoB Sere gW HST Swe mH AH ET 54® Quarterly Review: June 2014 fa tenor fetta ote cae sary & Sher Be Tare (30, ve, 94.9 axeR eM), 30 HPT AS, Ft s000, TTT | FRU API 3 3/2025 FIRMS Se foe /RadB Be wer Ree oe Ga WIM FET EMT Se/o8/eo38 Bx Wicd wiricte set ecw Comm GeOTe eo, ei car arepoecy gibe r s eTATe AT nets Brora ope cE afer? Saif Powertec Limited of go Dret yee 3,20 Cait fB Tat Crm (RAED ore 0 (Fe RMR) etefice 9 era (IPO) ae RNR Rage SEPT FTE | AR IPO aa HT cm too CAD Bree fe Beet rom ET ATER etre cee eeSAew oe cece Aa IS TT ‘ware | Saif Powertec Limited «a8 oct yt 2030 atom mts cercna fire Rene ftw sis Fave SETE Weighted Average oma af ee (EPS) ¢.03 Bret (Consolidated) 478 7 saoeeie SRL (NAV) 28.2% 5741 (herpes) | Bea, SaifPowertec Limited a yw veg facefans-rewce [CB Capital Management Limited | moa ‘Peiat ofiotere eye ‘raifallag): pave Raw aba, vee DneRE, HINT ST aeNSTE AI Sonn wT HUTS OPT 5S@® ‘Quarterly Review: June 2014 (eX aero Beate one oaEE sie ‘a } ey bem (ve, st $9 0 a8), So FE A, S000, TH | me aR TETEYO33/Fer> Bie abfoe/aose Be a Reale cay wa afi ore, ey ov/og/zops Bx rare Tacs afl re LE CNET SHITE Gm, SH CSE at oreterfeng erihe em | ores sets wen eels PrererqE sete eC s 5. Ratanpur Stee] Re-Rolling Mills Limited (RSRM) <8 60 Brat quai 2.c0 cot Bonnet orm (@fe® orm eo bre faftercr) amfre 12 eer (IPO) 4a seIEH Ba ‘ATER ET AEEOR | A TPO an HER COTA 300,00 cents Br Hs Bre we af re ene, onc ote ae ate aTETA AD ICS AH wae | RSRM. SF com WH gone TR Ne SoH Miifies forere flere are Tex eeME (Weighted. Average) ene ef rE (EPS) &.av Bret (Consolidated) wee c°3 ant erm (NAV) tee Bre Ce PUTS) | Tar, RSRM aa hy Trea ey Pemes TeaeR Janata, Capital and Investment Limited «%e Trust Bank Investment Limited | 8, ference Terr Ted ferro AMeertetitoe Feete Goce wtseta are arafire Rage 20% Co AGREE CHT sop I GATE 2008 Ee TRS CTE Oo OH Robe 1H (eas 5 RR) BAe are en Bers meets oR eee ara Pres eet oa ¢. aegis offete tues etn City Bank Limited «@ ooo cai Brat Non-conventible Coupon Bearing Subordinated Bond <4 26" SREUNA FATE, TZ ORT Ee BAA ‘efit cere rest) Bond em Feertice erecera tory eee eer ere ec ows ara TT RL oy SE ee a CAT CUE CT a Be Ao MeN AR BTR eT Sal BEA | acon Sate Cima caleton ifr aca cemecte meee ae we fare aoe ‘Ceara Ua | BeweT, ak ee Raye HCN { Boats wa City Bank Limited tomy sep rd op 81 HR Thee] TATE (capital adequacy ratio) We FAA | City Bank Limited, Non-convertible Coupon Bearing Subordinated Bond 3 af: 85634 ‘ofRfee ey So ATH BreL | WOT Mandated Lead Arranger tt Trustee FONE ‘ware weeEGT [DLC Finance Limited ¢ Trust Bank Limited 1 asjoelare Tate TRS Sea felt efesrr gen —Grihvian) reticacas aie Smee, Hine Eat, EA lee eel ee 56.© Quarterty Review: June 2014 (oy Teor HeRBS as cae si ee) tee! ‘Sten iar Brome (20, 36,29 # aDeU'BRT), 20 BoM ml, FeEI000, TOR 2 aeRO Loba Bo ‘efter dofoe/iots 8 er Frets 39 antes ae em anor/xane Reve fire fins a yew OTE AIT, a, TI NT eerie cg en erm TO x Fees emerge ff HEU 1 3. a8 OQ Bull Pen Industries Led (Issuer) «# exes feoren 2953 writes mays sences fehtore aes teen crs compe TARE (9m aces RE) APACE co TAO Ee rer oo Com sn concen eh) en fi 2.0m cai ote or ECR co oe OT OT ore ROHR wat Con cori Ra femen orate xr co mvc ere A wht 3.0 Coste Cash weet Bank Balance me ova | ‘Bo sore oe eet won cg Rem om i) BAS-07 (incorrect eash flow statement) ii) Rule 12) of Securities and Exchange Rules, 1987 read with ii) Section 18 ofthe Securities and Exchange Ordinance, 1969 (Submission of uote ‘and incorect financial statements). fedtrex GQ Ball Pen industries Led we effec coral Maladesh International (Pv) Lid. 0 ce oriat 203) me coon oS ana ete ans em Ses efi treme eT 2 sre Dro ace a8 ore Deol eons conn orenyABe fs Bape Feefice were cuth outflow gee ach inflow Ope CECE contradictory | Baehte effec comma Bape aK ceomte crn erfor fr et ecw a a RD cash flow statement « asRE ARTA 2033 MOTE ‘ro th Cash om Bank Bolance 8 wr Bre x we 2033 7008 ToT FD me Brn te overstated) Cash % Bank Balance ore acer Berfew 28 omnes =r anes OnE 3033, ears 07 Net Cash 49% Bank Balance 949 78 ROTH EAT is sey se eons mfg aft em i) BAS+1 true and fi view) i) ile 12(2) of Securities and Exchange Rules, 1987 read with iil) Section 18 of the Securities and Exchange Ordinance, 1969 (Soimission of ute and incorrect financial statements) ‘pln GO Ball Pea Industries Lid. 44 ob feos Soe WHEN Pome SorEET PAPE SE ete aa.08 of Brats spears aH oes BA CHM WHTH (depreciation) #04 HHT ATE ae [BAS sav roams amare Bon Ber re fe aocercn wee disclosure en ea eH HR wpe Be comet earpuits 10m Br Income Tax Ordinance, 1984 as Feermre “aRETTS mora hve oretecer Tax on eece BAS. sah erre disclosure em wen — sre cen rw) ove anaebah a, Wee GULF, ATH Fre CREUSET Dm Doli, OA Ww SRL ep Wwe gO 578 Quarterly Review: June 2014 © Teo PBS wre cae afi Dy ‘dies Per hams (50, 98, 94 6 ASTM TA), So FHT AA, F-S000, RTT be wag orton of cone ee Fats ocho et i) BAS-12 (noncaleulaton deferred tax ss properly, BAS-16 (Non charging of depreciation on revalued asscts) and BAS-I(tmue and fair view), read with i) Rule 122) of Secusities and Exchsnge Rules, 1987 read with Hi) Seetion 18 of the Securities and Exchange Ordinance, 1969 (Submission of luntare and incosrest financial sateanens). ‘prc te Faves ree TITRE Aro PRR wR oes eA i es ott GQ Ball Pea Industries Lid a “terre wre tlhe ww, we x, wae we, aa, sete Pee en eCereco ayta,oao}. oR mre tee eh) Bol Sex wfbare ef ore rarest ‘eeu) «teste GO Ball Pen Industries Lid x fies, Ata Khan & Co., Chartered Accontants tarts whiner itiecen efeceren Qualify ware anf noe alte Afiwoen Recs -tcell oxare orn Fee fem, ICAB 2 ft ren Fis ae care sree eee age stele Rey toot tes eatin an eRe eS acme ea TE ws FT Be cate, 69 cw a CIE Feet wat SIE 30 HE Ao38 T-TU FEAT Institution AL we DSTI SAI att “fro moe © eae aenife he cHDE, wD uke APICES TE a TNT A aC TN | Se TR a cr SB owt ASF GIR, MUST TURF @ GRE (for NRB and Foreign Applicant) rx Sree erm 8. ovr steed ett OMG Industrial Corporation Limited (Issues) &3 (S0T99 0b, aoS8Re AT rm aaa as eran RU eM cy De cea ore tn CAT TE PINT ee amare Fre aeorrs © ger orn ahaha) vr aeiha, week aecnee, W peea eer BA kdl, SOR ST, BAW ORT 58® Quarterly Review: June 2014 Seeder Brome (og, 38, 99.6 Te, so fer, weF-2900, ETO 2a tO BES ‘efi eafoulsons ae ate aan ve oir not con a foaltons Re wfc wie FINE MOC TINT INS 8, A CIT a sreeeeng are | mete SCT we ee Fare hs eC # 3, age TE ok ob kod4 Reed WATA Chamicals Lid, a ctnicen ne erie fea Fre afro FR os (9) Se UT aa ore RE ea 19) uate cata ics ine ooo, Fe, ae 3) ere rr torn, Berra | 36 roth bo Com) ro ner fi Fe Fc 2, costs sifting monte FR Fave tec ee ofc Fc oo (fen) wm edie Sarwar oP AD toe ew 29) Serre sors, RE tre, STEM DS eaiLa isi albiale he aaschaniend 1) Baan ere eM, Bara, HE AB | SRD an 9 (a) lore Te Feecmn i tee Fe fe AE ‘a, Westem Marine Shipyard Limited (WMSL) 4 ee ret ORAW 8.00 tof fonkren comm (eft Crom xe Bre toe) are vm erat (IPO) on wen Ra Te CAPR OE OREN CR IPO ‘etc coteHD 305.00 Colt Brot Fn Bom wee oe oN, Tb Ba em eT Hi cece fos rs STW CE | WMSL o ooce es anne mm mad eee fas Tere Ree is wet ‘aga (Weighied Average) comm aff tm (EPS) oir Brot eve TAB uTcaB erg (NAV) 80.2 Bret Ceme Feafe) Baen, WAST. ce Thy organ miicg Rrefire emmce Prime Finance Capital ‘Management Limited, ICB Capital Management Limited sm EC Securities Limited | ‘Jalalabad Securities Limited (CSE TREC No. # 10) =< aiecss ~intonn ve se we gs sage fie Se Bret een worn fee ee 29) efile <2" fie corre coon fle et tere rin CR ce et SECICMRRCD#2001-43/168 eh 01/10:2009 ere Greta: FED sR om orn afi owen mots Jalalabad Securities Limited -0¥ > (ae) w= (est ita ert ea Fara ce aR ©. Akij Scourities Limited <0 sete ~fifort fia iio om Ge vifings frail Raph aprEG es Soma FREE eae: 3) aren BPD ove oro SH0 an ore Ore Been =H A WET "Securities and Exchange Rules, 1987 43 Section 8 Xec)ih 2 —— ‘i elon) abo aed, sevnaaneoae, RIM aoaaccoN) Rane Sahl RInaln SON WW INI WeaS BATE 59‘Quarterly Review: June 2014 aio Prethiba oe aatbe Sfp ‘Bias Bram (22, v4, 294 Ne Ha 30 femEp A/S, BIR yoc0, TT 1) Tice, kobe TEETH Mfrs WN feces we Consolidated Customer Accounts areca atceOere 6 ee FE (Deficiency) “ra eoren wx Securities and Exchange Rules, 1987 Rule BA(1) & (2) oe HRB © axes ofina (8S fra, Fe Eo STPE eFAHAR) RAGAN, aoe a8 Rn RAN ae 3 6 Ge CR Fe cere ace sere tee its cfs ace WHICH NH PTENE Soda MSR RAAT ‘Fe Consolidated Customer Account-a fREABrNPr HETGOTa of wee fH 5 CH sei Doe Pe eer eT 99) 8 SEM Soke CGR S ATETE Soba TRNFRET Fen NCE ET eH ae aE EG OTT, SURETY RUT PRE OTM SECICMRRCD/2001-45/5 | ie 22/07/2010 eH, ‘Sere ae mee, fo a mT PERTH gE Sonn ee wR WC StH AK Securities Limited -O¥ 30.00 (1) © Brat wr Wats Xi ste free aig seme auists ‘wfrs me 4 Consolidated Customer Accounta to ci gn aove Se wftrt YsmT ROOT TTR HTM NE OE coven erT a T SRPTWT TE SHE HP AP sera Prices re ots eats Pratw eet FETE ‘© Grameen Capital Management Limited =ts soo Grama yor ov ase SM Sh ‘Afamersftier Yealsin Polymer Limited «9 cers OTe WIS SANT SRT SFM TaOPT SEC/CMRRCD/2009-193/1 M/Admirv28 ‘ft October 02, 2011 seve we Grameen Capital Management Limited = 3 (93) we Orel sft see orze Prone ore Era | MTGE Shy TR ‘ffanmrettte cove? Crem Grameen Capital Mangement Limited 48 Fre fom were cers Pet soe Brany ee CECE 298 once it fees ae on ncn ena nor ct arr rm) 4. Yeaikin Polymer Limited 74m soo REGuMTtE Won ef reac AIT Shir RRC ERD con Orv are ecm onfFReoIE nee SEC/CMRR CD/200.193/114/ Adie’ 28 “offets October 02, 2011 worn wer Yeukin Polymer Limited ce > (ee) mw Brat ec sti eof et a 2a arae CER TORN TO aE ces ser Tee “Aire LRGB Unit Fond ot To mite oe yok aire af A oMNPTS ame ceM eine wees wre COCR tepbe temc FAREED a fe (FABQFEM ra) rom, acd we te we FREE Fe ‘amet eFeoet at at 3 an iH Rede comm Bo we tia wie of warts waft) saxstenty vt eters ie? tes rofl mama a Fenn esi cre aon wore Soon ait SER aN ST TT CE SA TER OFF AT PT EN TOD TD cma coor eT mnt eh oie a eo GEA (Putica) ved raeber a, wow SOME, WTR oe TRCWHA, WA oa SD i OHI RE wr GA 60Quarterty Review: June 2014 aero Fssfate ore sabe sir (Stes Bir Trees (30, v0, 94 6 39H Em, 90 FOREN AIAG, A 2000, AEM ma ae RIOTmMRCNS NEED afta sYoureo38 BE wm Pelt ak a afi oat 3 g/ougo3e Re wre wf RSME re CR CORETATH SINES 8, x, TE TO om retary ee er re ero Wee ite Pree oe STE AMAN Cotton Fibrous Limited, S83, faitain am wf thea icone sm mania sheath erat rer FEY IPO) SACHS I A | ee Pe PP EO Me ‘®) Securities and Exchange Commission (Public Issue) Rules, 2006 49 Rule 195 4%, +) Securities and Exchange Ordinance, 1968 40 Section 181 ioc AVERT wera oe rim, ace mere AMAN Cotton Fibrous Limited -o¥ @ (As) = Prot WATT wou aeTpe THF MNFTET LankaHongla Investments Limited © Unicap Investments Limited eee ween nt rat mt oF duc diligence ene HN Tere & (dhs) are Brat ocr ete fe Ferns ce ae eae EE formes xem ARRAS WEG ee SNORE) seve aS WRU EADS, NT Fea NST 61Quarterly Review: June 2014 renee ary RORS SBE ‘efits aBfowiaons 2 em Reale 23) FU FFE aT AB oe one Re SR ete FT FS SCF RIA OS G2, TT a erring se: | rare ara xeeg Frente free fhe TRY > ‘Khan Brothers PP Woven Bag Industries Limited «yo Bren row 3 oH 3 oes ort (estes oT) anes 4 ews (IPO) <8 Sere Ty AN SETA FR KE) aE IPO crete cet Dial Bonen wee oer wa, roe ca Fs, se fo, ae eT OR ee ees eet enrens s TET sae | CoN coon aR Aote m AENN TeTA Hes: eevee Bors ds us age (Weighted Average) cere IF (EPS) o.v4 al 4 OT NAV) 28,48 Brot (4 rt | Bop, cate oy errata eng Rre wae AFC Capital Limited 4% BMSL Investment Limited &, of stwcrs matt Trust Bank Limited «tt goo tei Bieta Subordinated Bond at este saoxten ‘wae, We COUT I 9 eT) a TAA ME, Fully Redeemable, Non-converible, Unsecured Redeemable Subordinated Bond, yield to maturity 12.5% ea 05 at Full Redemption ex, ope efehies Rett etre come an RN aE a a weTE Tat) Teme a as Ta rer fig chon md oe wer Trust Bank Limited wom 9 ae of ote, Tie 2am 3, TCO sree ees re es ow oe) Trust Bank Limited, Subordinnted Bond ux af Sirbn ‘sees BT 90,000,000). (8 CorB) Bre ue os DG som fees IDLC Finance Limited me ext vite meet ete ath crete tee fate crea 3¢ (no) wttirecre a it ete om oeTE WM Securities and Exchange Commission (Right Issue) Rules, 2006 a Rules (1) em 4a The Daeea Dyeing & Manufacturing Co, Lid. ca wera Ray re res yee 8. eure eterge cof Malek Spinning Mills «sweet tb (Subsidiary) Salek “Textile Limited a ex one neon fein Titas Spinning & Denim Co, Limived «roman amalgamation) caFWCe Salek Textile Limited (trmsferee) oF 200 Ser ORE ¥,20,0r ‘meres comm Titas Spinning & Denim Co. Limited (uansferor) £8 orm OEE SHES Tits Spinning & Denim Co. Limited wm af &.sef8 meres cme Gu Salek Textile Limited 3 mM coe FAN EAP OTT AGTTRA TW Salck Textile Limited at ofeceee EHR fjo0,90,000 (EM CRD) PHM CATR Bebo So ( PME HY A SH RTT TATE) PTE ‘ee ue | Fors, Salck Textile Limited #9 94.¢2% 4% Titas Spinning 4 Denim Co. Limited <4 oh bh NTE Malek Spinning Mill Limited 4m #8 carta races wets its Office af the Chief Accountant am we xorone fxn Seats eve aa ea fet pee oem alarm err, WveReRE, WW seb RECO) La HST nw ao, Swe NESTE 62Our Reference Room At the 20th floor of Jiban Bima Tower, 19 Dilkusha C/A, Dhaka-1000 ‘Where you will find: + BSEC publications ¢ Prospectus of the listed companies ‘* Publishod Annual Reports of the listed companies: ‘+ Published Haf-yoarly Reports of the listed companies + Securities laws, rules & regulations/gazette notifications * Local, Foreign publications on capital market Facilities we offer + Reading room fer general public (open during the office hours weekdays) ‘* Subscription of BSEC publications * Photocopy facility of relevant documents available in the library Website Please visit our website www.secbd.org for detailed information Where you will find: + What's New + About BSEG + Press Release + Securities Laws + Investor's information ‘+ IPO Prospectors * Annual Report ¢ Quarterly Report ¢ Enforcement Actions ‘ List of Market Intermodiaries ¢ Employment information ¢ Tender information ‘* Comments request on Rules amendment + Important Links a By Pig Pegi DH ITO