2024-09-27 16:23:22
Published: 18:48, 26 September 2024
The Bangladesh Securities and Exchange Commission (BSEC) has formed a three-member investigation committee to verify the paid-up capital and the number of allotted shares of Rahima Food Corporation Limited, a company listed in the food and ancillary sector in the capital market. The committee has been directed to complete the investigation and submit the report within the next 15 days.
On Thursday (September 26), Director of BSEC. An order signed by Mahmudul Haque has been issued in this regard.
The members of the investigation committee are BSEC Deputy Director Ziaur Rahman, Dhaka Stock Exchange (DSE) Manager Md. Rakibul Islam and Central Depository Bangladesh Limited (CDBL) AGM Kazi Minhaj Uddin.
In order to protect the interests of the investors in the capital market, the Securities and Exchange Ordinance, 21 of 1969, for proper verification of the account of demutated and undistributed shares from the paid up capital and allotted number of shares and the report filed with CDBL and RJAC with the actual number of shares. An inquiry committee consisting of officers was constituted by the Commission under the powers conferred by sub-section 4 of the section and section 13 of the Depository Act, 1999. The inquiry committee shall complete the inquiry within 15 days from the date of issue of this order and submit the report to the commission.
The scope of work of the inquiry committee is to verify and reconcile the information filed with the information in CDBL, information in DPA-6 and information maintained in the share register. Verification and reconciliation of RT-14 and share register information with total issued shares of the company, paid up capital of the company, report filed with RJSC and actual information of CDBL. Scrutiny of Suspense BO Accounts maintained by the Company. To verify the current status of shares held by the deceased/sponsor and other board members in the board of directors. To seek feedback on non-action of grievances by various investors. Scrutiny of details regarding dematting of excess/fake/bogus shares by the company. Checking other relevant information.
NT/Rafiq