It has been decided to impose a fine of Tk 1 crore on each director, including the managing director of Munnu Ceramics Limited, a listed ceramic company.
The decision was taken at the 71st commission meeting of the Bangladesh Securities and Exchange Commission (BSEC). This information has been given in the press release signed by the Executive Director and Spokesperson of BSEC Mohammad Rezaul Karim.
It is learned that Munnu Ceramic Rule 12 (1) (2) of the Securities and Exchange Rules, 198, Commissions Notification No. BSEC / CMRRCD / 2006-157 / Admin / 71 dated June 20, 2016 and Section 16 (b) of the Sec The commission has decided to impose a fine of Tk 1 crore on each director (except the independent director), including the managing director of Munnu Ceramics, for violating the Exchange Ordinance 1989.