DSE officials said there are presently 112 companies whose last financial year concluded on June 30, 2004 and were required to submit their statements before the DSE by Septembmr 30, 2004 as per the listing regulation of the bourse.

But only six out of 112 companies had complied with the regulation prompting the authorities to slap the fine on the companies, a DSE official said.

In separate letters to the companies, the DSE pointed out that the financial year of the companies ended on June 30, 2004.

"You were supposed to furnish the DSE with the financial reports of your company within September 30, 2004. But according to our records, you did not submit the required financial statements for the period concerned as of today," said the DSE in the separate letters to the errant companies.

"You are, therefore, requested to send the obligatory financial statements along with a late fee of Tk 500 a day starting from October 1, 2004 as per Regulation 41(2) of DSE Listing Regulations," according to one of the letters.

Earlier in August this year the DSE had similarly penalised 27 companies for failing to comply with a similar listing regulation, which called for submission of half-yearly accounts to the bourse authority.