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[Section Index]

The Securities and Exchange Ordinance, 1969

( Ordinance NO. XVII OF 1969 )

[ 28th June, 1969 ]

Chapter IA

ISSUE OF CAPITAL

Control over issue of capital
2A. (1) 1[No issuer, or no company] incorporated in Bangladesh shall, except with the consent of the Commission, make an issue of capital outside Bangladesh.
 
(2) 2[No issuer, or no company], whether incorporated in Bangladesh or not, shall, except with the consent of the Commission,-
 
(a) make an issue of capital in Bangladesh;
 
(b) make in Bangladesh any public offer of securities for sale;
 
(c) renew or postpone the date of maturity or repayment of any security maturing for payment in Bangladesh.
 
(3) The Commission may, on an application made to it, make an order according recognition to an issue of capital made or to be made outside Bangladesh.
 
3[(4) While giving consent under sub-section (1) & (2) commission shall not fix the price of the issue.]
 
  • 1
    The words and comma “No issuer, or no company” were substituted for the words “No company” by section 4(a) of the Securities and Exchange (Amendment) Act, 2012 (Act No. XLVI of 2012).
  • 2
    The words and comma “No issuer, or no company” were substituted for the words “No company” by section 4(b) of the Securities and Exchange (Amendment) Act, 2012 (Act No. XLVI of 2012).
  • 3
    Sub-section (4) was added after sub-section (3) by section 2 of the Securities and Exchange (Amendment) Act, 2000 (Act No. XXXVII of 2000).
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