Market Status: Closed    Thu 27 Jul 17, 4:42 AM (BST)

1JANATAMF 7.50 0.1
FIRST JANATA BANK MF 6,802 1.35%
1STPRIMFMF 15.30 0.8
PRIME FINANCE 1ST MF 82,200 5.52%
AAMRATECH 38.90 0.1
AAMRA TECHNOLOGIES LTD. 18,943 0.26%
ABB1STMF 7.50 0
AB BANK 1ST MUTUAL FUND 377,600 0.00%
ABBANK 19.80 0.2
AB BANK 112,168 1.02%
ACI 507.10 -0.9
ACI 572 -0.18%
ACIFORMULA 202.60 0
ACI FORMULATIONS 500 0.00%
ACMELAB 117.60 -0.2
THE ACME LABORATORIES LTD. 3,391 -0.17%
ACTIVEFINE 49.50 0.1
ACTIVE FINE CHEMICALS 19,960 0.20%
AFCAGRO 60.10 0.1
AFC AGRO BIOTECH LIMITED 10,000 0.17%
AFTABAUTO 72.10 -0.3
AFTAB AUTO. 33,971 -0.41%
AGNISYSL 27.50 -0.2
AGNI SYSTEMS 79,360 -0.72%
ALARABANK 19.20 0.3
AL-ARAFAH ISLAMI BANK 60,475 1.59%
ALLTEX 13.60 0.1
ALLTEX IND. 2,206 0.74%
AMANFEED 79.50 0.5
AMAN FEED LIMITED 22,505 0.63%
AMBEEPHA 435.00 1.7
AMBEE PHARMA 154 0.39%
ANLIMAYARN 33.20 -0.4
ANLIMA YARN 5,355 -1.19%
ANWARGALV 83.80 1.8
ANWAR GALVANIZING 3,219 2.20%
APEXFOODS 152.00 0.9
APEX FOOD 300 0.60%
APEXFOOT 345.00 -1.5
APEX ADELCHI FOOTW. 50 -0.43%
APEXSPINN 122.20 1.6
APEX SPINNING 1,165 1.33%
APEXTANRY 153.00 0.5
APEX TANNERY 530 0.33%
APOLOISPAT 20.80 0.1
APPOLLO ISPAT COMPLEX LTD 146,835 0.48%
ARAMITCEM 38.10 -0.1
ARAMIT CEMENT 6,993 -0.26%
ARGONDENIM 35.70 -0.1
ARGON DENIMS LIMITED 84,422 -0.28%
ATCSLGF 12.30 0.2
ASIAN TIGER SANDHANI LIFE GROWTH FUND 32,597 1.65%
AZIZPIPES 115.00 8.1
AZIZ PIPE 320 7.58%
BANKASIA 17.80 0.1
BANK ASIA 5,414 0.56%
BARKAPOWER 45.20 0.5
BARAKA POWER LIMITED 26,253 1.12%
BATASHOE 1,150.00 5.7
BATA SHOE 80 0.50%
BAYLEASING 27.20 0.4
BAY LEASING 6,789 1.49%
BBS 50.80 -0.1
BANGLADESH BUILDING SYSTEMS LIMITED 44,440 -0.20%
BDCOM 40.70 0
BDCOM ONLINE 7,850 0.00%
BDFINANCE 19.50 0.1
BD FINANCE 72,910 0.52%
BDLAMPS 176.00 -1
BD. LAMPS 1,050 -0.56%
BDTHAI 27.50 -0.2
BD. THAI ALLUMINIUM 42,053 -0.72%
BDWELDING 20.00 1.8
BD WELDING 12,882 9.89%
BEACHHATCH 19.00 0.7
BEACH HATCHERY 1,401 3.83%
BEACONPHAR 24.10 0.5
BEACON PHARMA 231,126 2.12%
BENGALWTL 50.10 0.4
BENGAL WINDSOR THERMOPLASTICS LIMITED 624 0.80%
BERGERPBL 2,040.00 -80
BERGER PAINTS 5 -3.77%
BEXIMCO 33.80 0.2
BEXIMCO LIMITED 164,386 0.60%
BGIC 19.90 -0.1
BANGLADESH GENERAL INS. 900 -0.50%
BIFC 11.00 0
BD INDUSTRIAL FINANCE 9,910 0.00%
BNICL 18.00 -0.3
BANGLADESH NATIONAL INSURANCE COMPANY LIMITED 1,150 -1.64%
BRACBANK 89.50 -0.5
BRAC BANK 15,825 -0.56%
BSC 52.50 0.2
B.S.C. 36,412 0.38%
BSCCL 121.20 -1
BANGLADESH SUBMARINE CABLE CO. LTD. 35,722 -0.82%
BSRMLTD 136.90 0.9
BANGLADESH STEEL RE-ROLLING MILLS LIMITED 6,054 0.66%
BSRMSTEEL 90.60 0
BSRM STEELS 25,282 0.00%
BXPHARMA 112.40 0.3
BEXIMCO PHARMA 66,718 0.27%
BXSYNTH 9.10 0.3
BEXIMCO SYNTHETICS 14,842 3.41%
CENTRALPHL 29.30 -0.1
CENTRAL PHARMACEUTICALS LIMITED 23,216 -0.34%
CITYBANK 38.20 0.1
CITY BANK 103,643 0.26%
CITYGENINS 17.90 0.3
CITY GENERAL INSURANCE 105 1.70%
CNATEX 12.00 0.2
C & A TEXTILES LIMITED 328,866 1.69%
CONFIDCEM 159.50 5.6
CONFIDENCE CEMENT 24,406 3.64%
CONTININS 22.00 0.8
CONTINENTAL INSURANCE 1,352 3.77%
CVOPRL 244.70 -3
CVO PETROCHEMICAL 3,686 -1.21%
DACCADYE 10.40 0.3
DACCA DYEING 116,604 2.97%
DAFODILCOM 49.20 0.1
DAFFODIL COMPUTERS 8,500 0.20%
DBH1STMF 9.10 -0.1
DBH FIRST MF 1,500 -1.09%
DELTALIFE 99.10 0.6
DELTA LIFE INSURAN 1,200 0.61%
DELTASPINN 12.10 0
DELTA SPINNERS 168,547 0.00%
DESCO 50.00 0
DHAKA ELECTRIC SUPPLY 9,909 0.00%
DESHBANDHU 20.90 0.5
DESHBANDHU POLYMER 18,661 2.45%
DHAKABANK 18.80 -0.1
DHAKA BANK 485 -0.53%
DHAKAINS 22.30 0.4
DHAKA INSURANCE 23,400 1.83%
DOREENPWR 146.20 0.1
DOREEN POWER GENERATIONS AND SYSTEMS LIMITED 18,502 0.07%
DSSL 22.90 0.3
DRAGON SWEATER AND SPINNING LIMITED 41,725 1.33%
DUTCHBANGL 103.00 -0.5
DUTCH-BANGLA BANK 600 -0.48%
EASTERNINS 28.00 1
EASTERN INS 2 3.70%
EBL 35.90 -0.6
EASTERN BANK 1,000 -1.64%
EBL1STMF 7.80 0.3
EBL FIRST MF 19,326 4.00%
EBLNRBMF 7.20 0
EBL NRB MUTUAL FUND 8,000 0.00%
ECABLES 149.00 0.1
EASTERN CABLES 151 0.07%
EHL 51.90 2.5
EASTERN HOUSING 2,500 5.06%
EMERALDOIL 26.30 0
EMERALD OIL INDUSTRIES LIMITED 33,174 0.00%
ENVOYTEX 39.00 0
ENVOY TEXTILES LIMITED 1,418 0.00%
ETL 22.60 0.2
EVINCE TEXTILES LIMITED 87,679 0.89%
EXIM1STMF 8.40 0.3
EXIM BANK 1ST MUTUAL FUND 100 3.70%
EXIMBANK 13.70 0.4
EXPORT IMPORT BANK 776,028 3.01%
FAMILYTEX 9.40 0
FAMILYTEX(BD) LIMITED 162,561 0.00%
FARCHEM 25.80 -0.2
FAR CHEMICAL INDUSTRIES LIMITED 45,801 -0.77%
FAREASTFIN 12.40 0.3
FAREAST FINANCE & INVESTMENT LIMITED 50,700 2.48%
FASFIN 16.80 0.2
FAS FINANCE & INVESTMENT 71,546 1.20%
FBFIF 7.10 0
FIRST BD FIXED INCOME FUND 50,265 0.00%
FEDERALINS 12.80 0.1
FEDERAL INSURANCE 14,208 0.79%
FEKDIL 26.00 0
FAR EAST KNITTING & DYEING INDUSTRIES LIMITED 9,298 0.00%
FINEFOODS 39.10 0.5
FINE FOODS 524,620 1.30%
FIRSTFIN 13.00 -0.2
FIRST FINANCE LIMITED 15,445 -1.52%
FIRSTSBANK 13.50 -0.1
FIRST SECURITY ISLAMI BANK 81,976 -0.74%
FORTUNE 54.00 -1.8
FORTUNE SHOES LIMITED 234,150 -3.23%
FUWANGCER 20.50 0.7
FU-WANG CERAMIC 89,150 3.54%
FUWANGFOOD 23.50 0.6
FU-WANG FOODS 628,208 2.62%
GBBPOWER 23.20 0.3
GBB POWER LIMITED 21,010 1.31%
GENNEXT 11.70 0.1
GENERATION NEXT FASHIONS LIMITED 778,713 0.86%
GHAIL 43.00 0.8
GOLDEN HARVEST AGRO INDUSTRIES LIMITED 3,402 1.90%
GHCL 41.00 -0.4
GLOBAL HEAVY CHEMICALS LIMITED 6,739 -0.97%
GOLDENSON 18.60 0
GOLDEN SON 29,930 0.00%
GP 374.30 4.4
GRAMEENPHONE 45,152 1.19%
GPHISPAT 44.50 0.1
GPH ISPAT LIMITED 36,892 0.23%
GQBALLPEN 102.50 2.5
GQ BALL PEN 5,010 2.50%
GRAMEENS2 15.70 0
GRAMEEN MF TWO 9,164 0.00%
GREENDELMF 9.00 0.1
GREEN DELTA MF 1,620 1.12%
GREENDELT 61.20 0.1
GREEN DELTA INS. 180 0.16%
GSPFINANCE 29.00 -0.1
GSP FINANCE (BD) LTD 6,180 -0.34%
HAKKANIPUL 63.60 1.6
HAKKANI PULP & PAPER 15,940 2.58%
HEIDELBCEM 464.00 0.6
HEIDELBERG CEMENT 405 0.13%
HFL 26.30 -0.2
HAMID FABRICS LIMITED 41,902 -0.75%
HWAWELLTEX 38.80 2
HWA WELL TEXTILES (BD) LIMITED 2,400 5.43%
IBBLPBOND 963.00 -3
IBBL MUDARABA BOND 15 -0.31%
IBNSINA 249.00 -2.4
IBN SINA PHARMA 471 -0.95%
ICB 189.00 -1
I.C.B. 1,122 -0.53%
ICB2NDNRB 11.60 -0.2
ICB AMCL 2ND NRB MF 500 -1.69%
ICB3RDNRB 8.10 -0.1
ICB AMCL 3RD NRB MF 36,349 -1.22%
ICBEPMF1S1 9.00 -0.1
ICB EMPLOYEES PROV MF-1 281,300 -1.10%
IDLC 75.60 1.5
IDLC FINANCE 146,507 2.02%
IFADAUTOS 149.10 2.2
IFAD AUTOS LIMITED 15,865 1.50%
IFIC 18.60 0.2
IFIC BANK 453,028 1.09%
IFIC1STMF 7.20 0
IFIC BANK 1ST MF 57,202 0.00%
IFILISLMF1 8.90 0.1
IFIL ISLAMIC MF-1 7,000 1.14%
ILFSL 15.70 -0.3
INTERNATIONAL LEASING 28,600 -1.88%
IMAMBUTTON 20.50 0
IMAM BUTTON 11,030 0.00%
INTECH 18.10 0.1
INTECH ONLINE 43,660 0.56%
IPDC 48.20 0
INDUSTRIAL PROMOTION 300 0.00%
ISLAMIBANK 35.20 0.7
ISLAMI BANK 174,483 2.03%
ISLAMICFIN 23.70 0.1
ISLAMIC FINANCE 30,809 0.42%
ISLAMIINS 30.00 -1.9
ISLAMI INSURANCE 12,142 -5.96%
ISNLTD 18.00 0.6
INFORMATION SERVL NET. 9,028 3.45%
ITC 48.00 -0.2
INFORMATION TECHNOLOGY CONSULTANTS LIMITED 15,651 -0.41%
JAMUNABANK 18.10 -0.1
JAMUNA BANK 15,157 -0.55%
JAMUNAOIL 208.00 0.5
JAMUNA OIL 3,228 0.24%
JANATAINS 13.20 0.2
JANATA INSURANCE 1,000 1.54%
KAY&QUE 63.10 0.5
KAY & QUE (BD) 1,500 0.80%
KBPPWBIL 23.70 0.1
KHAN BROTHERS PP WOVEN BAG INDUSTRIES LIMITED 30,900 0.42%
KDSALTD 80.90 0.6
KDS ACCESSORIES LIMITED 16,875 0.75%
KEYACOSMET 17.00 0.1
KEYA COSMETICS 607,883 0.59%
KPCL 62.20 0.2
KHULNA POWER 43,018 0.32%
KPPL 11.70 0.3
KHULNA PRINTING & PACKAGING LIMITED 33,042 2.63%
LAFSURCEML 63.90 -0.2
LAFARGE SURMA CEMENT 119,613 -0.31%
LANKABAFIN 56.80 0
LANKA BANGLA FINANCE 108,245 0.00%
LEGACYFOOT 30.60 0.8
LEGACY FOOTWEAR 35,429 2.68%
LRGLOBMF1 7.60 -0.1
LR GLOBAL BANGLADESH MF ONE 500 -1.30%
MAKSONSPIN 11.40 0.4
MAKSONS SPINNING 49,632 3.64%
MALEKSPIN 24.10 0.1
MALEK SPINNING 6,210 0.42%
MARICO 1,033.90 -1.1
MARICO BANGLADESH 102 -0.11%
MATINSPINN 40.00 -0.4
MATIN SPINNING MILLS LIMITED 4,275 -0.99%
MBL1STMF 8.30 -0.1
MBL 1ST MF 5,500 -1.19%
MEGHNALIFE 58.00 -1
MEGHNA LIFE INSURANCE 96 -1.69%
MERCANBANK 23.50 0
MERCANTILE BANK 188,704 0.00%
MERCINS 19.90 -0.6
MERCANTILE INSURANCE 10 -2.93%
METROSPIN 9.10 0.2
METRO SPINNING 14,519 2.25%
MHSML 28.70 -0.1
MOZAFFAR HOSSAIN SPINNING MILLS LIMITED 3,643 -0.35%
MICEMENT 97.50 0.4
M.I. CEMENT 1,197 0.41%
MIRACLEIND 46.20 0.9
MIRACLE INDUSTRIES 15,200 1.99%
MITHUNKNIT 45.70 0.9
MITHUN KNITTING 15,125 2.01%
MJLBD 121.90 0
MJL BANGLADESH LIMITED 21,780 0.00%
MONNOCERA 41.00 -0.9
MONNO CERAMIC 16,561 -2.15%
MPETROLEUM 197.40 0.3
MEGHNA PETROLEUM 2,489 0.15%
MTB 25.20 0.1
MUTUAL TRUST BANK LIMITED 39 0.40%
NATLIFEINS 182.00 -0.5
NATIONAL LIFE INS. 218 -0.27%
NAVANACNG 75.00 0.1
NAVANA CNG 61,940 0.13%
NBL 12.10 0.1
NATIONAL BANK 477,498 0.83%
NCCBANK 14.90 0.3
NATIONAL CREDIT & COM. BNK 72,332 2.05%
NCCBLMF1 8.30 -0.5
NCCBL MUTUAL FUND-1 4,500 -5.68%
NFML 25.00 0.1
NATIONAL FEED MILL LIMITED 92,382 0.40%
NHFIL 52.40 -0.6
NATIONAL HOUSING 1,201 -1.13%
NLI1STMF 15.50 0.2
NLI FIRST MUTUAL FUND 8,000 1.31%
NORTHRNINS 25.00 0.6
NORTHERN GENERAL INS. 604 2.46%
NURANI 24.10 0.2
NURANI DYEING & SWEATER LIMITED 116,975 0.84%
OAL 25.70 0.1
OLYMPIC ACCESSORIES LIMITED 58,378 0.39%
ONEBANKLTD 23.20 -0.1
ONE BANK 92,542 -0.43%
ORIONINFU 59.10 -0.3
ORION INFUSION 1,010 -0.51%
ORIONPHARM 49.20 0.2
ORION PHARMA LIMITED 12,646 0.41%
PADMAOIL 251.50 1.3
PADMA OIL 1,596 0.52%
PDL 25.00 0
PACIFIC DENIMS LIMITED 33,732 0.00%
PENINSULA 31.10 0.3
THE PENINSULA CHITTAGONG LIMITED 76,861 0.97%
PEOPLESINS 20.90 -0.2
PEOPLES INSURANCE 25 -0.95%
PF1STMF 8.40 -0.1
PHOENIX FINANCE 1ST MF 12,060 -1.18%
PHOENIXFIN 28.30 -0.9
PHOENIX FINANCE 810 -3.08%
PHPMF1 7.90 0
PHP FIRST MF 15,022 0.00%
PLFSL 14.10 0.1
PEOPLE'S LEASING 211,291 0.71%
POPULAR1MF 7.10 -0.1
POPULAR LIFE FIRST MF 20,025 -1.39%
POWERGRID 52.60 -1.2
POWER GRID 4,030 -2.23%
PRAGATILIF 129.00 5.9
PRAGATI LIFE INSURANCE 220 4.79%
PREMIERBAN 12.10 0
PREMIER BANK 109,418 0.00%
PREMIERLEA 18.60 -0.3
PREMIER LEASING 61,140 -1.59%
PRIME1ICBA 8.60 -0.1
PRIME BANK 1ST ICB AMCL MF 9,600 -1.15%
PRIMEBANK 24.40 0
PRIME BANK 37,734 0.00%
PRIMEFIN 13.80 -0.1
PRIME FINANCE 30,250 -0.72%
PRIMEINSUR 21.20 -0.3
PRIME INSURANCE 8,600 -1.40%
PRIMETEX 27.50 -1.1
PRIME TEXTILE 3,750 -3.85%
PROVATIINS 18.20 0.8
PROVATI INSURANCE 31 4.60%
PTL 36.00 -0.6
PARAMOUNT TEXTILE LIMITED 5,679 -1.64%
PUBALIBANK 24.00 0
PUBALI BANK 7,659 0.00%
QSMDRYCELL 95.00 0.2
QUASEM DRYCELLS 400 0.21%
RAHIMAFOOD 173.30 15.7
RAHIMA FOOD CORP. 2,006 9.96%
RAKCERAMIC 59.80 1.9
R.A.K. CERAMICS 101,421 3.28%
RANFOUNDRY 120.10 -3.3
RANGPUR FOUNDRY 613 -2.67%
RDFOOD 20.20 0.4
RAGPUR DAIRY & FOOD PRO 83,661 2.02%
RECKITTBEN 1,450.00 -90
RECKIT BENCKISER 5 -5.84%
REGENTTEX 28.20 -0.1
REGENT TEXTILE MILLS LIMITED 31,365 -0.35%
RELIANCE1 11.10 0
RELIANCE ONE MUTUAL FUNDS 311,616 0.00%
RNSPIN 22.60 0.2
R. N. SPINNING 111,826 0.89%
RSRMSTEEL 81.30 0.4
RATANPUR STEEL RE-ROLLING MILLS LIMITED 3,853 0.49%
RUPALIBANK 39.00 1
RUPALI BANK 365,558 2.63%
RUPALIINS 19.30 0.2
RUPALI INSURANCE 1,138 1.05%
RUPALILIFE 38.50 -1.5
RUPALI LIFE INSURANCE 600 -3.75%
SAFKOSPINN 17.50 1.1
SAFKO SPINING 188,865 6.71%
SAIFPOWER 47.00 0.2
SAIF POWERTEC LTD. 314,457 0.43%
SAIHAMCOT 20.60 0.4
SAIHAM COTTON MILLS LTD. 28,980 1.98%
SAIHAMTEX 22.40 0.2
SIAHAM TEXTILE 40,349 0.90%
SALAMCRST 37.90 1.2
S ALAM STEELS 40,736 3.27%
SALVOCHEM 23.70 -0.1
SALVO CHEMICAL 8,535 -0.42%
SAMATALETH 39.20 0.6
SAMATA LEATHER 6,665 1.55%
SAMORITA 84.90 -1
SAMORITA HOSPITAL 1,500 -1.16%
SANDHANINS 37.00 0.1
SANDHANI LIFE INS. 6,464 0.27%
SAPORTL 41.20 0.2
SUMMIT ALLIANCE PORT 26,956 0.49%
SEBL1STMF 14.30 0
SOUTHEAST BANK 1ST MF 2,500 0.00%
SHAHJABANK 17.10 0.1
SHAHJALAL ISLAMI BANK 9,476 0.59%
SHASHADNIM 71.00 -0.5
SHASHA DENIMS LIMITED 325 -0.70%
SHEPHERD 40.30 0.5
SHEPHERD INDUSTRIES LIMITED 33,856 1.26%
SHURWID 13.00 0.3
SHURWID INDUSTRIES LTD. 15,300 2.36%
SIBL 24.00 0.6
SOCIAL ISLAMI BANK 15,165 2.56%
SIMTEX 34.00 0.2
SIMTEX INDUSTRIES LIMITED 95,087 0.59%
SINGERBD 197.00 -1.2
SINGER BD 5,853 -0.61%
SINOBANGLA 62.30 1.8
SINOBANGLA INDUSTRIES 2,978 2.98%
SOUTHEASTB 18.80 -0.3
SOUTHEAST BANK 55,341 -1.57%
SPCERAMICS 15.60 0
SHINEPUKUR CERAMICS 3,612 0.00%
SPCL 151.70 2.1
SHAHJIBAZAR POWER CO. LTD. 29,859 1.40%
SQUARETEXT 66.90 -0.1
SQUARE TEXTILES 4,537 -0.15%
SQURPHARMA 282.00 -1
SQUARE PHARMA 7,069 -0.35%
STANCERAM 63.00 -2.8
STANDARD CERAMIC 451 -4.26%
STANDBANKL 12.40 0.1
STANDARD BANK 94,619 0.81%
SUMITPOWER 41.20 0.6
SUMMIT POWER 54,064 1.48%
SUNLIFEINS 26.50 2.4
SUNLIFE INSURANCE COMPANY LIMITED 18,174 9.96%
TALLUSPIN 11.40 0
TALLU SPINNING 19,889 0.00%
TITASGAS 50.80 0
TITAS GAS 16,836 0.00%
TOSRIFA 29.00 -0.1
TOSRIFA INDUSTRIES LIMITED 6,314 -0.34%
TRUSTB1MF 7.30 0
TRUST BANK FIRST MF 35,929 0.00%
TRUSTBANK 29.20 0.8
TRUST BANK 22,309 2.82%
TUNGHAI 17.50 0.5
TUNG HAI KNITTING AND DYEING LIMITED 85,500 2.94%
UCB 21.70 0
U.C.B.L. 88,558 0.00%
UNIONCAP 24.60 0.1
UNION CAPITAL 11,367 0.41%
UNIQUEHRL 58.00 -1.1
UNIQUE HOTEL & RESORTS LTD. 23,200 -1.86%
UNITEDAIR 7.00 0.1
UNITED AIRWAYS 179,861 1.45%
UPGDCL 185.00 0.3
UNITED POWER GENERATION & DISTRIBUTION COMPANY LIMITED 2,100 0.16%
USMANIAGL 96.00 0.7
USMANIA GLASS 680 0.73%
UTTARABANK 24.90 0
UTTARA BANK 7,468 0.00%
UTTARAFIN 59.30 0.8
UTTARA FINANCE 3,135 1.37%
VAMLBDMF1 9.00 -0.9
VANGUARD AML BD FINANCE MUTUAL FUND ONE 500 -9.09%
WMSHIPYARD 36.50 -0.4
WESTERN MARINE SHIPYARD LIMITED 20,697 -1.08%
YPL 27.60 0.7
YEAKIN POLYMER LIMITED 23,921 2.60%
ZAHEENSPIN 27.40 0.2
ZAHEEN SPINNING LIMITED 58,415 0.74%
ZAHINTEX 20.30 0.2
ZAHINTEX INDUSTRIES LIMITED 7,000 1.00%

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.