Now BSEC limits SMEs' stock dividends
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Tuesday
January 31, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
TUESDAY, JANUARY 31, 2023
Now BSEC limits SMEs' stock dividends

Stocks

TBS Report
14 November, 2022, 08:50 pm
Last modified: 14 November, 2022, 09:03 pm

Related News

  • BSEC approves appointment of CSE's independent directors
  • Why market regulator appointed special auditor at Safko Spinning
  • BSEC allows scam-hit National Bank to issue Tk500cr bond
  • BSEC worried about Oimex’s new owners
  • Don't listen to rumours setting trap for stock investors:  BSEC chair

Now BSEC limits SMEs' stock dividends

TBS Report
14 November, 2022, 08:50 pm
Last modified: 14 November, 2022, 09:03 pm
Photo: Collected
Photo: Collected

The Bangladesh Securities and Exchange Commission (BSEC) has now imposed restrictions on stock dividends given by securities listed on boards other than the main market of the Dhaka and Chattogram stock exchanges.

Last year, the restrictions were only for the firms listed on the main market.

From now on, listed companies on the small medium-sized enterprises (SME) platform, Over-the-Counter (OTC), and Alternative Trading Board (ATB) will have to secure approval from the commission before issuing any stock dividend.

Also, business expansion, regulatory requirements to raise capital and profitable investment shall be the only purposes for declaring stock dividends.

On 6 November, the BSEC published a gazette imposing the restrictions on declaring stock dividends and said companies must receive the regulator's approval if they want to issue stock dividends in the first three years following their listing.

The regulatory approval will also be mandatory for companies seeking to issue stock dividends in the first three years of listing or raising capital through qualified investors' offers, direct listings, right shares or repeat public offers (RPOs).

Companies failing to pay out at least 10% cash dividends for two consecutive years will also need the regulator's approval to issue stock dividends.

In September 2021, the Dhaka Stock Exchange (DSE) introduced the SME platform where at present shares of more than a dozen firms are being traded.

Top News

BSEC / stock dividend

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
    IMF approves Bangladesh's $4.7 billion loan proposal
  • Despite downturn 3 dozen listed firms plan Tk7,500cr investment
    Despite downturn 3 dozen listed firms plan Tk7,500cr investment
  • Mysterious resignation of SIBL chairman, addl MD
    Mysterious resignation of SIBL chairman, addl MD

MOST VIEWED

  • Mymensingh mayor, family acquiring Bangladesh Welding 
    Mymensingh mayor, family acquiring Bangladesh Welding 
  • Square Pharma's half-yearly profit crosses Tk1,000cr
    Square Pharma's half-yearly profit crosses Tk1,000cr
  • Bulk power tariff hikes push Desco into losses
    Bulk power tariff hikes push Desco into losses
  • Stocks tumble for second straight session
    Stocks tumble for second straight session
  • Photo: Collected
    Grameenphone’s profit shrinks 12% in 2022
  • Representational image. Photo: Mumit M/ TBS
    Stocks slide down for second consecutive day

Related News

  • BSEC approves appointment of CSE's independent directors
  • Why market regulator appointed special auditor at Safko Spinning
  • BSEC allows scam-hit National Bank to issue Tk500cr bond
  • BSEC worried about Oimex’s new owners
  • Don't listen to rumours setting trap for stock investors:  BSEC chair

Features

Spotify is among the tech platforms that saw record growth during Covid lockdowns
Photo: DW

Could tech layoffs spread to rest of US economy?

34m | Panorama
Leepu realised his love for cars from a young age and for the last 40 years, he has transformed, designed and customised hundreds of cars. Photo: Collected

'I am not crazy about cars anymore': Nizamuddin Awlia Leepu

44m | Panorama
Photo: Courtesy

The Hawkers: Where minimalism meets motifs

21h | Brands
TBS illustration

Where do Shariah-compliant mutual funds stand in Bangladesh

20h | Panorama

More Videos from TBS

two more factories of the country got platinum certificate.

two more factories of the country got platinum certificate.

11h | TBS Today
Iconic villains of Bollywood

Iconic villains of Bollywood

12h | TBS Entertainment
General knowledge "Gravity"

General knowledge "Gravity"

10h | Videos
Will tanks turn the tide for Ukraine?

Will tanks turn the tide for Ukraine?

11h | TBS World

Most Read

1
Picture: Collected
Bangladesh

US Embassy condemns recent incidents of visa fraud

2
Illustration: TBS
Banking

16 banks at risk of capital shortfall if top 3 borrowers default

3
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

4
Photo: Collected
Splash

Hansal Mehta responds as Twitter user calls him 'shameless' for making Faraaz

5
A frozen Beyond Burger plant-based patty. Photographer: AKIRA for Bloomberg Businessweek
Bloomberg Special

Fake meat was supposed to save the world. It became just another fad

6
Representational Image
Banking

Cash-strapped Islami, Al-Arafah and National turn to Sonali Bank for costly fund

EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net