Cos’ Info Submission, Meeting Shedules

BSEC excludes gen holidays for time calculation

Staff Correspondent | Published: 22:44, Jun 02,2020

 
 

The Bangladesh Securities and Exchange Commission on Tuesday excluded the period of coronavirus pandemic-induced general holidays in counting the time for holding meetings and submission of any documents or information by the companies to the commission or any stock exchange.

The BSEC issued a directive in this regard in order to address the extraordinary situation caused by the COVID-19 pandemic and subsequent closure of office during the general holidays from March 26 to May 30.

During the period, a number of listed companies and entities registered with the commission could not submit the required document or information excluding the price sensitive information to the commission or any stock exchange, the directive said.

It also said that some might fail to hold meetings or comply with directives or orders as a result of the general holidays.

So, the commission decided to exclude the period of the general holidays in counting the time for submission of any documents or for holding of meeting, or for compliance with any directive or order except those related with the PSI.

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