2024-08-31 09:32:26
Published: 10:57, 29 August 2024 Updated: 10:58, 29 August 2024
The regulatory body Bangladesh Securities and Exchange Commission (BSEC) said that legal action will be taken against those listed companies in the capital market who have not paid the declared dividend within a specified period.
This decision was taken in the 916th commission meeting held on Wednesday (February 14) under the chairmanship of BSEC Chairman Khandkar Rashed Maqsood.
This information was informed through a press release signed by BSEC Director and Spokesperson Farhana Farooqui.
It is mentioned in the notification, that the decision to take immediate action against those issuing companies of the capital market who have not paid the dividend or dividend declared within the specified period according to the rules, was taken in the meeting.
As per law, dividends declared by listed companies have to be distributed within 30 working days.
There are complaints that various companies do not remit the dividend within the stipulated time even after declaring the dividend. And this trend has been going on for a long time.
The affected investors have also complained to the capital market regulator BSEC in this regard. In view of this BSEC has taken such a decision.
/nt/sb/