VOL NO REGD NO DA 1589

Wednesday, December 28, 2005

HEADLINE

POLITICS & POLICIES

METRO/COUNTRY

EDITORIAL

MISCELLANY

LETTER TO EDITOR

COMPANIES & FINANCE

National Day of Malaysia

BUSINESS/FINANCE

LEISURE & ENTERTAINMENT

MARKET & COMMODITIES

SPORTS

WORLD

 

FE Specials

URBAN PROPERTY

FE Education

FE Information Technology

Special on Logistics

NATIONAL DAY OF EGYPT

Saturday Feature

Asia/South Asia

 

Feature

13th SAARC SUMMIT DHAKA-2005

SWISS NATIONAL DAY 2006

57th Republic Day of India

US TRADE SHOW

 

 

 

Archive

Site Search

 

HOME

COMPANY & FINANCE
 
SEC fines Khawja Mosaic MD, directors
FE Report
9/12/2005
 

          The Securities and Exchange Commission (SEC) fined Sunday the managing director and three directors of Khawja Mosaic Tiles & Stone Industries Ltd Tk 200,000 each -- in pecuniary punishment on charges of deceiving their shareholders.
Under the tough terms of its verdict, the capital market watchdog asked the delinquent directors to pay the amount of the fines within 15 days.
The company neither submitted the half-yearly accounts report for the period that ended on December 31, 2003 nor submitted the annual audited report for the year that ended on June 30, 2004 to the SEC.
The directors will have to pay Tk 10,000 in addition per day until the fulfillment of the reported flaws. The SEC has penalised the companies under the Article 22 of the Securities and Exchange Ordinance 1969.
The penalised top brasses of the Khawja Mosaic Tiles & Stone Industries Ltd are its managing director Mainuddin and directors -- Salauddin, Mejbahuddin and Jamaluddin.

 

 
  More Headline
Mongla port suffering colossal losses year after year
Survey on char area detects irregularities in khas land distribution
Country's urban population to reach 99m by 2030: WB
Primary teachers begin fast unto death
Govt to consider withdrawal or reduction of 10pc tax on TDRs
Migratory birds never damage crops, wetland
Painting workshop for children begins Dec 30
 

Print this page | Mail this page | Save this page | Make this page my home page

About us  |  Contact us  |  Editor's panel  |  Career opportunity | Web Mail

 

 

 

 

Copy right @ financialexpress.com