DSE fines7 firms fordefying rules
Star Business Report
The Dhaka Stock Exchange (DSE) authority fined seven listed companies for their failure to submit half-yearly financial reports, sources said.The companies have to pay Tk 500 for each day until they submit their reports. During the timeframe that ended July 31, the listed companies were supposed to submit their reports. The non-compliant firms include Arbee Textile, Bionic Sea Food, Janata Insurance, Purabi General Insurance, Rabeya Flour Mills, Saleh Carpet Mills and Wata Chemicals. The DSE, however, relaxed the Oriental Bank from slapping fine, as the share trading of the bank is now suspended and the bank is being functioned under an administrator appointed by the central bank. As per regulations, a total of 140 listed companies were required to submit their half yearly financial reports to the stock exchange within July 31. A total of 132 companies, however, have submitted their audited report to the premier bourse, the DSE sources said.
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