SEC issues show cause notices on 4 companies
Unb, Dhaka
Capital market watchdog Securities and Exchange Commission (SEC) yesterday issued show-cause and hearing notices on four companies and warned two others for violating rules.The show-cause and hearing notices were issued on Himadri Limited, First Lease International Limited, Padma Printers & Color Limited and MJ Abedin & Company while it warned Bangladesh Hotels Limited and Bengal Fine Ceramics Limited, according to DSE officials. The SEC issued the show cause and hearing notices against managing directors and company secretaries of Himadri Limited and First Lease International Limited in connection with statutory audit reports for the year that ended on December 31, 2005. The show-cause and hearing notice against the Padma Printers & Color Limited, its directors, managing director and company secretary was issued in connection with non-submission of the half yearly financial statements for the period that ended on June 30, 2005.
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