B Mirror Report
According to Dr. Anisuzzaman Chowdhury, chief advisor, the administration is very honest with investors and the capital market. He said that positive steps will be taken for the development of the capital market in the next budget. He added that in order to support the growth of the capital market, the government will consider investor views and coordinate efforts with all relevant government agencies and institutions.
In his speech to the investors, he urged everyone to band together and strive for the good of the nation. He asked that an apex body or forum be established to represent all capital market participants so that there would be future chances for the government and BSEC to interact with investors increase and the connection becomes more effective.
He made these statements during a meeting focused on exchanging views with representatives from investors’ organizations at the BSEC’s multipurpose hall in Agargaon, the capital, on Thursday (May 29). Present at the meeting were BSEC Chairman Khandaker Rashed Maksud, Commissioner Md. Mohsin Chowdhury, Commissioner Md. Ali Akbar, along with BSEC’s executive directors and directors.
During the meeting, representatives from capital market investor organizations put forth several proposals. Among these, a key suggestion was to introduce new funds aimed at alleviating the liquidity crisis in the capital market.
Other proposals included the waiver of dividend tax and capital gains tax, ensuring that investors are not adversely affected by changes in market categories, conducting investigations and taking strict action against irregularities and manipulations, and initiatives to implement the Buyback Act or Share Repurchase Act. There was also a call for determining the auditor’s responsibility to guarantee the transparency and accuracy of financial statements from issuer companies, as well as the development of mutual funds. Additionally, initiatives were suggested to list reputable multinational companies and public-private firms with strong fundamentals in the capital market, provide opportunities for investing undisclosed income in the capital market, and offer incentives to promote investment in the capital market. Furthermore, establishing a suggestion box at BSEC and organizing periodic exchange meetings were recommended.
Dr. Anisuzzaman Chowdhury and the BSEC Chairman-Commissioners addressed various opinions and inquiries from the representatives of the investor organizations. The representatives expressed their optimism about collaborating for the advancement of the capital market. BSEC is hopeful that such engagements with representatives of investor organizations and investors will foster sustainable development of the capital market in the future through collective efforts.
