Market Status: Closed    Thu 23 Feb 17, 3:54 AM (BST)

1JANATAMF 7.10 0
FIRST JANATA BANK MF 66,911 0.00%
AAMRATECH 33.70 0.7
AAMRA TECHNOLOGIES LTD. 28,595 2.12%
ABB1STMF 7.10 -0.1
AB BANK 1ST MUTUAL FUND 30,398 -1.39%
ABBANK 22.80 -0.3
AB BANK 433,310 -1.30%
ACI 473.80 -0.8
ACI 5,405 -0.17%
ACIFORMULA 216.00 2
ACI FORMULATIONS 11,692 0.93%
ACMELAB 117.00 3.2
THE ACME LABORATORIES LTD. 223,127 2.81%
ACTIVEFINE 47.40 0.8
ACTIVE FINE CHEMICALS 253,579 1.72%
AFCAGRO 59.10 0.4
AFC AGRO BIOTECH LIMITED 126,174 0.68%
AFTABAUTO 66.90 1.2
AFTAB AUTO. 35,130 1.83%
AGNISYSL 23.40 0.3
AGNI SYSTEMS 63,400 1.30%
ALARABANK 20.10 -0.3
AL-ARAFAH ISLAMI BANK 217,767 -1.47%
ALLTEX 13.10 0.1
ALLTEX IND. 3,315 0.77%
AMANFEED 84.60 -2.4
AMAN FEED LIMITED 14,780 -2.76%
AMBEEPHA 393.90 3.9
AMBEE PHARMA 835 1.00%
AMCL(PRAN) 215.50 -0.5
AMCL(PRAN) 180 -0.23%
ANLIMAYARN 34.60 -0.9
ANLIMA YARN 20,097 -2.54%
ANWARGALV 72.30 -0.7
ANWAR GALVANIZING 4,859 -0.96%
APEXFOODS 143.70 -1.8
APEX FOOD 3,105 -1.24%
APEXFOOT 347.00 1.9
APEX ADELCHI FOOTW. 15 0.55%
APEXSPINN 115.00 -9
APEX SPINNING 1,775 -7.26%
APEXTANRY 160.00 -5.9
APEX TANNERY 5,470 -3.56%
APOLOISPAT 24.50 0.7
APPOLLO ISPAT COMPLEX LTD 800,023 2.94%
ARAMIT 368.00 0.5
ARAMIT 52 0.14%
ARAMITCEM 42.00 0.1
ARAMIT CEMENT 12,500 0.24%
ARGONDENIM 33.70 0.6
ARGON DENIMS LIMITED 97,870 1.81%
ASIAPACINS 21.30 -0.6
ASIA PACIFIC GENERAL INS. 3,900 -2.74%
ATCSLGF 10.30 -0.4
ASIAN TIGER SANDHANI LIFE GROWTH FUND 3,025 -3.74%
BANGAS 126.70 -0.5
BANGAS 980 -0.39%
BANKASIA 18.90 -0.4
BANK ASIA 20,782 -2.07%
BARKAPOWER 52.40 1.5
BARAKA POWER LIMITED 346,548 2.95%
BATASHOE 1,140.00 -2.5
BATA SHOE 43 -0.22%
BATBC 2,528.50 8.5
BAT BD CO 70 0.34%
BAYLEASING 27.10 0.4
BAY LEASING 8,526 1.50%
BBS 52.80 1.1
BANGLADESH BUILDING SYSTEMS LIMITED 121,912 2.13%
BDCOM 25.50 0.2
BDCOM ONLINE 17,453 0.79%
BDFINANCE 16.80 -0.2
BD FINANCE 18,395 -1.18%
BDLAMPS 177.60 0.5
BD. LAMPS 975 0.28%
BDTHAI 29.20 0
BD. THAI ALLUMINIUM 70,912 0.00%
BDWELDING 12.30 0.1
BD WELDING 53 0.82%
BEACHHATCH 11.10 0.2
BEACH HATCHERY 665 1.83%
BEACONPHAR 23.40 0.2
BEACON PHARMA 305,192 0.86%
BENGALWTL 47.80 -0.1
BENGAL WINDSOR THERMOPLASTICS LIMITED 14,560 -0.21%
BEXIMCO 33.80 1.3
BEXIMCO LIMITED 1,331,002 4.00%
BGIC 20.90 -0.5
BANGLADESH GENERAL INS. 2,267 -2.34%
BIFC 10.10 0.1
BD INDUSTRIAL FINANCE 1,000 1.00%
BNICL 22.00 -0.7
BANGLADESH NATIONAL INSURANCE COMPANY LIMITED 22,600 -3.08%
BRACBANK 65.00 -1.5
BRAC BANK 3,614 -2.26%
BSC 600.90 -7.3
B.S.C. 8,788 -1.20%
BSCCL 127.50 2.6
BANGLADESH SUBMARINE CABLE CO. LTD. 53,812 2.08%
BSRMLTD 137.00 1.1
BANGLADESH STEEL RE-ROLLING MILLS LIMITED 14,415 0.81%
BSRMSTEEL 96.50 -0.1
BSRM STEELS 6,970 -0.10%
BXPHARMA 91.80 -0.1
BEXIMCO PHARMA 75,357 -0.11%
BXSYNTH 8.30 -0.1
BEXIMCO SYNTHETICS 22,389 -1.19%
CENTRALPHL 33.30 0.4
CENTRAL PHARMACEUTICALS LIMITED 175,961 1.22%
CITYBANK 33.20 -0.5
CITY BANK 52,148 -1.48%
CITYGENINS 18.40 -0.2
CITY GENERAL INSURANCE 6,050 -1.08%
CNATEX 11.80 0.1
C & A TEXTILES LIMITED 162,013 0.85%
CONFIDCEM 144.80 -1.4
CONFIDENCE CEMENT 12,558 -0.96%
CVOPRL 207.00 1.5
CVO PETROCHEMICAL 1,108 0.73%
DACCADYE 8.70 0.1
DACCA DYEING 3,100 1.16%
DAFODILCOM 39.00 1.7
DAFFODIL COMPUTERS 2,868 4.56%
DBH 111.60 1.4
DELTA BRAC HOUSING 44,955 1.27%
DBH1STMF 8.30 -0.1
DBH FIRST MF 2,000 -1.19%
DELTALIFE 108.50 -0.9
DELTA LIFE INSURAN 11,273 -0.82%
DELTASPINN 11.60 -0.1
DELTA SPINNERS 189,890 -0.85%
DESCO 59.00 0.3
DHAKA ELECTRIC SUPPLY 31,898 0.51%
DESHBANDHU 13.90 -0.3
DESHBANDHU POLYMER 10,716 -2.11%
DHAKABANK 21.00 0
DHAKA BANK 16,246 0.00%
DHAKAINS 24.10 0.6
DHAKA INSURANCE 2,000 2.55%
DOREENPWR 124.80 1.1
DOREEN POWER GENERATIONS AND SYSTEMS LIMITED 48,410 0.89%
DSSL 22.40 0.5
DRAGON SWEATER AND SPINNING LIMITED 123,448 2.28%
DUTCHBANGL 120.00 1.8
DUTCH-BANGLA BANK 500 1.52%
EASTLAND 23.20 -0.4
EASTLAND INSURANCE 1 -1.69%
EBL 33.20 0
EASTERN BANK 1,709 0.00%
EBL1STMF 7.30 0
EBL FIRST MF 10,929 0.00%
EBLNRBMF 7.00 0
EBL NRB MUTUAL FUND 10,000 0.00%
ECABLES 141.60 -4
EASTERN CABLES 1,500 -2.75%
EHL 54.00 -1
EASTERN HOUSING 139,129 -1.82%
EMERALDOIL 33.50 -0.1
EMERALD OIL INDUSTRIES LIMITED 57,016 -0.30%
ENVOYTEX 41.40 2
ENVOY TEXTILES LIMITED 105,075 5.08%
ETL 21.60 0.2
EVINCE TEXTILES LIMITED 41,300 0.93%
EXIMBANK 14.30 0
EXPORT IMPORT BANK 257,868 0.00%
FAMILYTEX 9.60 -0.1
FAMILYTEX(BD) LIMITED 338,510 -1.03%
FARCHEM 26.30 0.8
FAR CHEMICAL INDUSTRIES LIMITED 383,092 3.14%
FAREASTFIN 13.50 -0.4
FAREAST FINANCE & INVESTMENT LIMITED 7,272 -2.88%
FAREASTLIF 73.00 -0.5
FAREAST ISLAMI LIFE INS. 554 -0.68%
FASFIN 13.90 -0.1
FAS FINANCE & INVESTMENT 4,340 -0.71%
FBFIF 6.60 0
FIRST BD FIXED INCOME FUND 135,328 0.00%
FEDERALINS 13.70 -0.4
FEDERAL INSURANCE 33,740 -2.84%
FEKDIL 30.50 0.2
FAR EAST KNITTING & DYEING INDUSTRIES LIMITED 16,954 0.66%
FINEFOODS 24.30 -1
FINE FOODS 13,800 -3.95%
FIRSTFIN 9.30 -0.2
FIRST FINANCE LIMITED 400 -2.11%
FIRSTSBANK 15.20 0
FIRST SECURITY ISLAMI BANK 197,546 0.00%
FORTUNE 62.00 3.3
FORTUNE SHOES LIMITED 96,681 5.62%
FUWANGCER 21.00 -0.1
FU-WANG CERAMIC 113,095 -0.47%
FUWANGFOOD 14.80 0
FU-WANG FOODS 71,949 0.00%
GBBPOWER 26.10 0.4
GBB POWER LIMITED 747,509 1.56%
GENNEXT 11.40 -0.1
GENERATION NEXT FASHIONS LIMITED 941,594 -0.87%
GHAIL 50.00 0.5
GOLDEN HARVEST AGRO INDUSTRIES LIMITED 19,249 1.01%
GHCL 42.20 0.2
GLOBAL HEAVY CHEMICALS LIMITED 37,395 0.48%
GOLDENSON 22.20 0
GOLDEN SON 37,820 0.00%
GPHISPAT 44.50 2.4
GPH ISPAT LIMITED 314,824 5.70%
GQBALLPEN 81.80 -1.1
GQ BALL PEN 2,371 -1.33%
GRAMEENS2 13.70 -0.2
GRAMEEN MF TWO 4,530 -1.44%
GREENDELMF 8.30 0.1
GREEN DELTA MF 2,000 1.22%
GREENDELT 60.50 -3.5
GREEN DELTA INS. 1,666,550 -5.47%
GSPFINANCE 27.40 -0.2
GSP FINANCE (BD) LTD 30,071 -0.72%
HAKKANIPUL 52.70 -0.4
HAKKANI PULP & PAPER 4,997 -0.75%
HEIDELBCEM 562.00 1
HEIDELBERG CEMENT 200 0.18%
HFL 24.70 -0.4
HAMID FABRICS LIMITED 27,937 -1.59%
HRTEX 38.00 0.5
H.R. TEXTILES 1,075 1.33%
HWAWELLTEX 38.50 1.5
HWA WELL TEXTILES (BD) LIMITED 2,185 4.05%
IBBLPBOND 986.00 -4
IBBL MUDARABA BOND 25 -0.40%
IBNSINA 278.00 -1.9
IBN SINA PHARMA 450 -0.68%
ICB 170.00 -2.3
I.C.B. 8,574 -1.33%
ICB1STNRB 23.00 0
ICB AMCL 1ST NRB MF 11,200 0.00%
ICB2NDNRB 10.00 -0.1
ICB AMCL 2ND NRB MF 2,900 -0.99%
ICB3RDNRB 7.00 0.1
ICB AMCL 3RD NRB MF 21,806 1.45%
ICBAMCL2ND 8.50 0
ICB AMCL SECOND MF 1,000 0.00%
ICBEPMF1S1 7.10 0
ICB EMPLOYEES PROV MF-1 2,720 0.00%
ICBSONALI1 7.60 0.2
ICB AMCL SONALI BANK LIMITED 1ST MUTUAL FUND 4,000 2.70%
IDLC 72.20 1.5
IDLC FINANCE 184,814 2.12%
IFADAUTOS 134.00 -0.3
IFAD AUTOS LIMITED 31,034 -0.22%
IFIC 24.00 0
IFIC BANK 56,588 0.00%
IFIC1STMF 7.00 0.2
IFIC BANK 1ST MF 74,450 2.94%
IFILISLMF1 8.30 0
IFIL ISLAMIC MF-1 6,800 0.00%
ILFSL 13.90 -0.4
INTERNATIONAL LEASING 89,105 -2.80%
IMAMBUTTON 17.50 0.5
IMAM BUTTON 5,500 2.94%
INTECH 14.20 0
INTECH ONLINE 40,643 0.00%
IPDC 48.10 0.5
INDUSTRIAL PROMOTION 68,280 1.05%
ISLAMIBANK 43.10 -0.3
ISLAMI BANK 352,963 -0.69%
ISLAMICFIN 21.50 0.1
ISLAMIC FINANCE 46,500 0.47%
ISLAMIINS 23.00 -0.1
ISLAMI INSURANCE 7,500 -0.43%
ISNLTD 15.00 -0.3
INFORMATION SERVL NET. 2,150 -1.96%
ITC 53.00 1.3
INFORMATION TECHNOLOGY CONSULTANTS LIMITED 72,243 2.51%
JAMUNABANK 18.50 0.3
JAMUNA BANK 26,425 1.65%
JAMUNAOIL 220.00 7
JAMUNA OIL 39,275 3.29%
JANATAINS 14.20 -0.4
JANATA INSURANCE 3,000 -2.74%
JMISMDL 185.10 -2.4
JMI SYRINGES & MEDICAL DEVICES LTD. 3,192 -1.28%
KBPPWBIL 21.00 0.1
KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED 130,033 0.48%
KDSALTD 83.70 -0.3
KDS ACCESSORIES LIMITED 25,188 -0.36%
KEYACOSMET 15.50 0.1
KEYA COSMETICS 782,182 0.65%
KPCL 65.70 0.4
KHULNA POWER 24,924 0.61%
KPPL 8.40 -0.1
KHULNA PRINTING & PACKAGING LIMITED 5,100 -1.18%
LAFSURCEML 82.30 -0.3
LAFARGE SURMA CEMENT 158,624 -0.36%
LANKABAFIN 59.70 3.5
LANKA BANGLA FINANCE 554,986 6.23%
LEGACYFOOT 22.90 0.2
LEGACY FOOTWEAR 6,470 0.88%
MAKSONSPIN 9.00 0
MAKSONS SPINNING 5,655 0.00%
MALEKSPIN 23.30 0.7
MALEK SPINNING 121,019 3.10%
MARICO 1,020.00 -7.8
MARICO BANGLADESH 483 -0.76%
MATINSPINN 42.00 0.3
MATIN SPINNING MILLS LIMITED 22,225 0.72%
MEGHNACEM 110.10 0.9
MEGHNA CEMENT 700 0.82%
MEGHNALIFE 61.70 0.5
MEGHNA LIFE INSURANCE 846 0.82%
MERCANBANK 17.70 0.2
MERCANTILE BANK 64,700 1.14%
MERCINS 19.30 -0.7
MERCANTILE INSURANCE 1,000 -3.50%
METROSPIN 8.00 0
METRO SPINNING 200 0.00%
MHSML 27.70 -0.3
MOZAFFAR HOSSAIN SPINNING MILLS LIMITED 35,165 -1.07%
MICEMENT 84.60 0.2
M.I. CEMENT 1,586 0.24%
MIDASFIN 27.10 0
MIDAS FINANCING 2,950 0.00%
MIRACLEIND 49.60 -0.9
MIRACLE INDUSTRIES 807 -1.78%
MITHUNKNIT 54.40 -0.1
MITHUN KNITTING 16,283 -0.18%
MJLBD 124.00 0.9
MJL BANGLADESH LIMITED 31,216 0.73%
MPETROLEUM 207.00 4.9
MEGHNA PETROLEUM 32,868 2.42%
NATLIFEINS 182.00 -0.4
NATIONAL LIFE INS. 100 -0.22%
NAVANACNG 72.50 1.4
NAVANA CNG 3,482 1.97%
NBL 14.30 0
NATIONAL BANK 473,409 0.00%
NCCBANK 14.50 0
NATIONAL CREDIT & COM. BNK 195,997 0.00%
NCCBLMF1 8.20 0.1
NCCBL MUTUAL FUND-1 50,499 1.23%
NFML 21.60 -0.1
NATIONAL FEED MILL LIMITED 103,853 -0.46%
NHFIL 55.50 -0.3
NATIONAL HOUSING 23,295 -0.54%
NITOLINS 27.50 -0.5
NITOL INSURANCE 50 -1.79%
NORTHRNINS 27.90 -0.1
NORTHERN GENERAL INS. 2,739 -0.36%
NPOLYMAR 104.50 1.5
NATIONAL POLYMER 59,407 1.46%
NTC 715.00 -14.4
NATIONAL TEA 407 -1.97%
OAL 26.90 0.2
OLYMPIC ACCESSORIES LIMITED 159,308 0.75%
OLYMPIC 308.10 -3.9
OLYMPIC INDUSTRIES 2,057 -1.25%
ONEBANKLTD 20.90 0.1
ONE BANK 77,028 0.48%
ORIONINFU 57.00 -0.5
ORION INFUSION 15,376 -0.87%
ORIONPHARM 51.40 -0.2
ORION PHARMA LIMITED 50,752 -0.39%
PADMALIFE 31.00 2.4
PADMA ISLAMI LIFE INSURANCE 90 8.39%
PADMAOIL 254.50 18.1
PADMA OIL 147,921 7.66%
PDL 26.80 0.2
PACIFIC DENIMS LIMITED 411,629 0.75%
PENINSULA 33.20 1.1
THE PENINSULA CHITTAGONG LIMITED 156,312 3.43%
PEOPLESINS 23.40 -1.3
PEOPLES INSURANCE 340 -5.26%
PF1STMF 6.90 -0.1
PHOENIX FINANCE 1ST MF 9,000 -1.43%
PHOENIXFIN 32.70 -1.1
PHOENIX FINANCE 10,135 -3.25%
PHPMF1 6.70 0
PHP FIRST MF 120,210 0.00%
PLFSL 9.30 -0.2
PEOPLE'S LEASING 41,728 -2.11%
POPULAR1MF 6.70 0
POPULAR LIFE FIRST MF 12,542 0.00%
POPULARLIF 75.50 -5.5
POPULAR LIFE INSURANCE 200 -6.79%
POWERGRID 57.90 1.4
POWER GRID 102,266 2.48%
PREMIERBAN 12.40 -0.2
PREMIER BANK 284,984 -1.59%
PREMIERCEM 94.90 4.4
PREMIER CEMENT MILLS LIMITED 3,661 4.86%
PREMIERLEA 13.40 0
PREMIER LEASING 68,123 0.00%
PRIME1ICBA 7.10 0.2
PRIME BANK 1ST ICB AMCL MF 10,500 2.90%
PRIMEBANK 19.60 -0.3
PRIME BANK 1,123 -1.51%
PRIMEFIN 9.30 -1.2
PRIME FINANCE 93,030 -11.43%
PRIMEINSUR 22.40 1.4
PRIME INSURANCE 1 6.67%
PROVATIINS 19.70 0.8
PROVATI INSURANCE 10 4.23%
PTL 25.60 -0.1
PARAMOUNT TEXTILE LIMITED 32,666 -0.39%
PUBALIBANK 26.70 0.2
PUBALI BANK 7,469 0.75%
QSMDRYCELL 95.50 -0.9
QUASEM DRYCELLS 6,549 -0.93%
RAHIMAFOOD 125.60 1.6
RAHIMA FOOD CORP. 3,400 1.29%
RAKCERAMIC 66.90 0.7
R.A.K. CERAMICS 59,110 1.06%
RDFOOD 16.80 0.1
RAGPUR DAIRY & FOOD PRO 37,304 0.60%
REGENTTEX 21.20 0.4
REGENT TEXTILE MILLS LIMITED 204,783 1.92%
RNSPIN 29.80 0
R. N. SPINNING 562,453 0.00%
RSRMSTEEL 77.50 0.7
RATANPUR STEEL RE-ROLLING MILLS LIMITED 44,120 0.91%
RUPALIBANK 34.80 0
RUPALI BANK 1,771 0.00%
RUPALIINS 22.10 0
RUPALI INSURANCE 2,271 0.00%
SAIFPOWER 51.00 -0.8
SAIF POWERTEC LTD. 242,523 -1.54%
SAIHAMCOT 18.10 0.1
SAIHAM COTTON MILLS LTD. 30,960 0.56%
SAIHAMTEX 19.00 0
SIAHAM TEXTILE 10,315 0.00%
SALAMCRST 39.10 -0.1
S ALAM STEELS 12,204 -0.26%
SALVOCHEM 20.80 1.2
SALVO CHEMICAL 627,603 6.12%
SAMORITA 80.00 -1
SAMORITA HOSPITAL 150 -1.23%
SAPORTL 47.20 -0.6
SUMMIT ALLIANCE PORT 61,620 -1.26%
SHAHJABANK 16.50 -0.3
SHAHJALAL ISLAMI BANK 44,998 -1.79%
SHASHADNIM 79.30 -1.4
SHASHA DENIMS LIMITED 3,112 -1.73%
SHURWID 11.00 0.1
SHURWID INDUSTRIES LTD. 7,660 0.92%
SIBL 22.00 0.5
SOCIAL ISLAMI BANK 384,615 2.33%
SIMTEX 28.00 -0.2
SIMTEX INDUSTRIES LIMITED 1,730 -0.71%
SINGERBD 221.80 -3.5
SINGER BD 45,538 -1.55%
SINOBANGLA 35.40 0.4
SINOBANGLA INDUSTRIES 2,531 1.14%
SONARGAON 12.50 1
SONARGAON TEXTILE 12,952 8.70%
SOUTHEASTB 21.10 0
SOUTHEAST BANK 41,019 0.00%
SPCERAMICS 11.00 0
SHINEPUKUR CERAMICS 11,375 0.00%
SPCL 148.50 -0.7
SHAHJIBAZAR POWER CO. LTD. 11,822 -0.47%
SQUARETEXT 69.10 -0.2
SQUARE TEXTILES 7,091 -0.29%
SQURPHARMA 269.40 1
SQUARE PHARMA 19,683 0.37%
STANCERAM 59.00 4.8
STANDARD CERAMIC 1 8.86%
STANDARINS 17.30 -0.7
STANDARD INSURANCE 8,960 -3.89%
STANDBANKL 13.80 0
STANDARD BANK 77,099 0.00%
SUMITPOWER 44.00 0.3
SUMMIT POWER 402,751 0.69%
SUNLIFEINS 22.90 0.9
SUNLIFE INSURANCE COMPANY LIMITED 20 4.09%
TALLUSPIN 10.70 0.1
TALLU SPINNING 9,001 0.94%
TITASGAS 56.90 1.3
TITAS GAS 169,285 2.34%
TOSRIFA 23.60 0.2
TOSRIFA INDUSTRIES LIMITED 28,575 0.85%
TRUSTB1MF 7.00 0
TRUST BANK FIRST MF 35,188 0.00%
TRUSTBANK 25.20 -0.2
TRUST BANK 58,900 -0.79%
TUNGHAI 15.00 0
TUNG HAI KNITTING AND DYEING LIMITED 105,467 0.00%
UCB 22.70 0
U.C.B.L. 150,156 0.00%
UNIONCAP 24.50 0.2
UNION CAPITAL 8,535 0.82%
UNIQUEHRL 56.50 -0.1
UNIQUE HOTEL & RESORTS LTD. 22,029 -0.18%
UNITEDAIR 7.50 0.1
UNITED AIRWAYS 222,464 1.35%
UPGDCL 150.40 -0.6
UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED 12,620 -0.40%
USMANIAGL 90.80 -0.4
USMANIA GLASS 30 -0.44%
UTTARABANK 26.30 -0.1
UTTARA BANK 6,300 -0.38%
UTTARAFIN 71.50 1.4
UTTARA FINANCE 4,570 2.00%
VAMLRBBF 9.00 0.5
VANGUARD AML RUPALI BANK BALANCED FUND 4,000 5.88%
WMSHIPYARD 35.00 0.3
WESTERN MARINE SHIPYARD LIMITED 23,973 0.86%
YPL 31.00 0.1
YEAKIN POLYMER LIMITED 91,754 0.32%
ZAHEENSPIN 24.30 0.3
ZAHEEN SPINNING LIMITED 84,330 1.25%
ZAHINTEX 21.50 -0.2
ZAHINTEX INDUSTRIES LIMITED 38,448 -0.92%

CORPORATE GOVERNANCE GUIDELINE

The Bangladesh Securities and Exchange Commission has initiated 'Corporate Governance' guidelines for the listed companies on 9th February 2006. The guidelines are not compulsory for the listed companies but the reasons for non-compliance of the provision of the guidelines have to be explained to the Commission:

Salient features of the guidelines are:

  • The number of Board of Directors should not be less than 5 (five) and more than twenty. The Banks, non-bank financial institutions, insurance companies and statutory bodies shall follow the prescription of their respective primary regulators in this regard.
  • Appointment of at least one-fifth of the total number of the company's board of directors should be 'independent non-shareholders directors' in the Board.
  • The Chairman and the Chief Executive officer simultaneously can not be the same person and the Board should clearly define their respective roles and responsibilities.
  • The "Directors' Report" prepared as per Companies Act may include additional statements on :-
    • The financial statement presents fairly company's state of affairs, the results of its operation, cash flows and change is equity. While preparing the financial statement -

      The accounting estimates are based on reasonable and prudent judgement

      Appropriate accounting policies have been consistently applied

      IAS is followed in preparation of the financial statements

      Proper books of accounts have been maintained

    • Disclosure on company's ability as a going concern and if not so then the fact along with the reasons thereof,
    • Explanation on the significant deviation from last year in operating results, if so happened,
    • Summarize of at least last three years key operating and financial data,
    • Reasons for non declaration of dividend (if not declared) for the year,
    • Significant plans and decisions along with future prospects and risks
    • Number of Board Meetings held during the year and attendance by directors,
    • Aggregate number of shares held by:

      Parent/Subsidiary/Associate companies,

      Directors, CEO, Company Secretary, CFO, Head of Internal Audit and their spouse and minor children,

      Top five salaried employs other than the above mentioned persons

      Shareholders holding ten percent or more voting interest in the company

  • The Companies is required to appoint a Chief Financial Officer (CFO), a Head of Internal Audit and a Company Secretary. The CFO and Company Secretary are required to attend the Board meeting.
  • The companies will form an Audit Committee comprising of at least three members including at least one independent non - shareholder director. The Audit Committee shall assist the Board in handling the issues, which might be overlooked and ensures a good monitoring system within the business.
  • The Committee is required to make report on its activities to the Board. An immediate report have to made to the Board on the following findings:
    • conflict of interest;
    • suspected or presumed fraud or irregularity or material defect in the internal control system
    • suspected infringement of laws
  • The Board of Director shall rectify everything, which as per Committee Report has material impact on the financial condition and results of operation of the Company. The Committee has to report to the Commission if the Board has unreasonably ignored the rectification.
  • The company will not engage its external/statuary auditors to provide the Bookkeeping, Broker-dealer, Actuarial, Internal audit services or any other service that the Audit committees determine.

    The guidelines will definitely help to protect the rights of minority shareholders as well as ensure more transparency and accountability in the Management of the companies.