SEC warns 5 cos
BDNEWS, Dhaka
The Securities and Exchange Commission (SEC) warned five companies for their failure in submitting audited financial statements and holding annual general meetings (AGMs) in due time, official sources said. Fine Foods Limited, Sonali Paper and Board Mills Limited, Federal Insurance Co Limited were warned for not submitting audited financial statements for 2004. Two other companies -- The Excelsior Shoes Limited and Gachihata Aquaculture Firms Limited -- were warned for not holding AGMs for 2003. The AGMs of the companies were held in June this year.
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