Dhaka, July 15 -- In a bid to boost investor confidence and tighten regulatory control over dormant dividends, the government is preparing to transform the Capital Market Stabilisation Fund (CMSF) into a statutory entity.
The move comes amid concerns over approximately Tk 40 billion in unclaimed dividends from over 370 listed companies, which remain with banks and issuing institutions despite regulatory directives to transfer the funds to CMSF.
A recent high-level meeting at the Ministry of Finance brought together senior officials from the Bangladesh Securities and Exchange Commission (BSEC) and the Financial Institutions Division (FID), where the call for legislative reform was strongly echoed.
Finance Adviser Dr Salehuddin Ahmed is re...