whether before or after the commencement of this section, shall be subject to such conditions, if any, as the Commission may, from time to time, think fit to impose. Section 2CC inserted vide the Securities and Exchange (Amendment) Act, 1997 (Act VI of 1997).
Section20A. Power of Commission to issue directions in certain cases Where the Commission is satisfied that in the interest of investors or securities market or for the development of securities market it is necessary so to do, it may, by order in writing, issue such directions as it deems fit to any Stock Exchange, stock broker, stock dealer, issuer or investor or any other person associated with the capital market. Section 20A inserted by the Securities and Exchange (Amendment) Act, 2000. Section33. Power to make rules The Commission may, by notification in the official Gazette, make rules for carrying out the purposes of this Ordinance: Provided that before the publication of the notification in the official Gazette, the proposed rules shall be published in at least one Bangla and one English widely circulated daily newspapers of the country inviting opinion, advice or objection thereon of all persons concerned: Provided further that, at least two weeks time shall be allowed for submission of such opinion, advice or objection. Recent Amendments in Issue of Capital & Public issue Rules IPO size as per SEC notification dated November 14, 2010 As per guideline, Minimum Paid up Capital (existing + proposed IPO) should be Minimum paid up capital (existing + proposed) requirement for initial public offering (IPO) shall be Tk. 30 (Taka thirty) crore; Minimum size of IPO shall be Tk. 12 (Taka twelve) crore but that shall not be less than 10% (ten percent) of the total paid up capital (existing + proposed); As per SEC Notification dated September 6, 2010 Following rules shall be applicable for issue of capital: In case of issuance of further security, other than rights or bonus shares, to any person other than the existing shareholders, as the case may be, offer for such issue shall be through Offer/ Information Document containing, among others, determination of the offer price and the justification of premium (if any) in accordance with the provisions of the Securities and Exchange Commission (Public Issue) Rules, 2006. Such Offer/Information Document shall be prepared, processed and filed with the Commission through a merchant banker for prior consent of the Commission following due diligence as per the provisions of the Securities and Exchange Commission (Public Issue) Rules, 2006. As per SEC notification dated May 5, 2010 A company must apply to SEC for making an issue of capital through public offering Within one year from the date of its paid up capital exceeds taka fifty crore, or from the date of publication of the notification in the official gazette, whichever comes later, if it has already been in commercial operation for three years or more; or Within three years of commencement of its commercial operation, if it has not yet commenced its commercial operation. Pricing Method of IPO: Fixed Price & Book Building Pricing of Shares in Initial Public Offering Bangladesh capital market has been witnessing a robust growth since 2007. Today we are poised for the transformation of the market from a frontier market to an emerging market. However, the rapidly growing market has created some problems as well. The most serious problem