The Bangladesh Securities and Exchange Commission (BSEC), the capital market regulator, has demanded that the draft amendment to the Companies Act, 1994 include a provision allowing listed companies to buy back their own shares (share buyback). BSEC also want to modernize the company annual reporting system, to consult the regulatory authority in cases of mergers or restructuring of listed and unlisted companies, and to extend the validity period for using financial statements in a prospectus. P...
