Then on September 30, the securities regulator gave the 41 companies until November 30 to comply with it. A mere 13 companies have responded to the call of the regulator; two-thirds of the companies have defied the directive. Several measures have been taken against the sponsor-directors of the companies for violating the order of the commission on minimum shareholding, BSEC Spokesperson Md Rezaul Karim told Dhaka Tribune. “The apex regulator should take measures to ensure that directors of all publicly listed companies jointly hold the minimum 30 per cent shareholding,” he added. Before, the securities regulator asked 61 directors of 22 listed companies to ensure a minimum 2 per cent shareholding in their own companies within 45 days to continue their directorship.

Source: Dhaka Tribune December 01, 2020 18:00 UTC