FIN435 Assignment#2
Submitted to: M Zubair Hossain Course Instructor, North South University
Date of submission: January 03, 2014
About Dhaka Stock Exchange
Dhaka Stock Exchange (DSE) is the first stock exchange of Bangladesh. Dhaka Stock Exchange is located in Motijheel at the downtown of business in Dhaka city. It was incorporated in 1954.
Dhaka Stock Exchange (DSE) is registered as a public limited company. DSE is formed and managed under Articles of Association rules & regulations and by-laws along with the Securities and Exchange Ordinance - 1969, Companies Act - 1994 & Securities & Exchange Commission Act - 1993.
At the time of incorporation the authorized capital of the exchange was RS. 300000 divided into 150 shares. Of RS. 2000 each and by an extra ordinary general meeting held on 22.02.1964 the authorized capital of the exchange was increased to TK. 500000 divided into 250 shares of TK. 2000 each. The paid up capital of the exchange now stood at TK.460000 divided into 230 shares of TK. 2000 each. However 35 shares out of 230 shares were issued at TK. 80,00,000 only per share of TK. 2000 with a premium of TK. 79,98,000.
Its main functions are - * Listing of Companies (As per Listing Regulations). * Providing the screen based automated trading of listed Securities. * Settlement of trading (As per Settlement of Transaction Regulations). * Gifting of share / granting approval to the transaction/transfer of share outside the trading system of the exchange (As per Listing Regulations 42). * Market Administration & Control. * Market Surveillance. * Publication of Monthly Review. * Monitoring the activities of listed companies (As per Listing Regulations). * Investors’ grievance Cell (Disposal of complaint by laws 1997). * Investors Protection Fund (As per investor