Dhaka, July 14 -- In a move aimed at bolstering investor confidence and reviving idle capital, the Bangladesh Securities and Exchange Commission (BSEC) has instructed 44 listed companies to transfer approximately Tk 1,000 crore in unclaimed dividends to the Capital Market Stabilisation Fund (CMSF) without further delay.
The directive follows a recent audit review presented at a high-level meeting held on 10 this month at the BSEC headquarters in Agargaon.
The meeting was attended by senior representatives from the concerned listed companies, officials of the CMSF, and members of the BSEC, and focused on discrepancies in dividend disbursement and compliance with existing regulations.
According to CMSF estimates, around Tk 900 crore of the...