A/C: Capital Market Stabilization Fund
Account No. 0010311521301
Bank: Community Bank Bangladesh Limited,
CORPORATE BRANCH 
Routing Number: 310261726
BO Name: Capital Market Stabilization Fund
BO A/C Number: 1201530074571230
DP Name: ICB Securities Trading Company Limited
“Strengthening the Capital Market through Partnership
CMSF arranged a Tripartite Dialogue among the BSEC, BAPLC, and CMSF”
Capital Market Stabilization Fund
(CMSF) arranged a Tripartite Dialogue titled “BSEC-BAPLC-CMSF Tripartite
Dialogue” with the theme ‘Strengthening the Capital Market through Partnership’
at Bangabandhu International Conference Center (BICC). Professor Shibli
Rubayat-Ul-Islam, Chairman, Bangladesh Securities & Exchange Commission
(BSEC) was the Chief Guest as well as Mr. Anis Ud Dowla, President, BAPLC, and
Dr. Shaikh Shamsuddin Ahmed, Commissioner, BSEC were also present as Special
Guests. Mr. Md. Nojibur Rahman, Ex-Principal Secretary & Chairman, CMSF was
the Chair of the program, and Mr. Shyamal Dutta, Editor, Bhorer Kagoj, and BOG
Member, CMSF was the Convener of the Organizing Committee of the event.
Bangladesh Securities and Exchange
Commission (BSEC) gave directives to the Issuer Companies to transfer undistributed
Cash and Stock dividends, non-refunded public subscription money, and
un-allotted rights shares to CMSF before May 31, 2022. As the deadline is
approaching, CMSF deems it necessary to conduct a dialogue among the main
stakeholders of the Capital Market.
The objective of the Tripartite
Dialogue is to explore the future areas of cooperation in enhancing the
resources of the Capital Market Stabilization Fund (CMSF) in particular by
fully implementing the guidance of the BSEC as regards the transfer of
un-distributed, un-claimed Cash and Stocks dividends as well as strengthening
the Capital Market through a sustainable partnership in general.
Total 60.8 percent of Issuer
Companies have transferred their undistributed Cash dividends to the CMSF whereas
only 34.98 percent of the Issuer Companies have transferred Stock dividends to
the CMSF, Mr. Md. Monowar Hossain, FCA, FCMA, the Chief of Operation (COO)
mentioned in his key-note presentation.
Mr. Arif Khan, CFA, FCMA, Former
Commissioner, BSEC, and Managing Director, Shanta Asset Management Ltd,
Moderator of the Panel Discussion said bringing everyone into the same room and
allowing such an open and frank exchange of ideas is a fantastic initiative. I
am optimistic that Issuer companies will play a key role in formalizing this
collaboration between Issuer companies, CMSF, and the BSEC.
Four Issuer Companies shared their experiences in regards to transferring the fund to CMSF in the panel Discussion where Mr. Selim R. F. Hussain, CEO, BRAC Bank & President, Association of Bankers Bangladesh Ltd was present as the Principal Discussant. Mr. Md. Eunusur Rahman, Chairman, DSE, Mr. Asif Ibrahim, Chairman, CSE, Mr. Kazi Sanaul Hoq, Chairman, Rupali Bank Ltd., and Mr. Riad Mahmud, Managing Director, National Polymer Group were the Panelists.
In the Special Guest remarks, Dr.
Shaikh Shamsuddin Ahmed, Commissioner, BSEC said we all need to assist CMSF to
get its momentum for the betterment of the Capital Market. I believe CMSF’s
role will be highly positive in the Market.
Mr. M. Anis Ud Dowla, President,
BAPLC was present at the event as a Special Guest and he encouraged the Issuer
Companies to transfer the dues and meet the deadline. The BSEC has been kind
enough to grant several extensions.
In Chief Guest remarks, Professor
Shibli Rubayat-Ul-Islam, Chairman, BSEC said I can proudly say that Capital
Market Stabilization Fund (CMSF) was formed for protecting investors’ interests
and it is successfully doing so. I advise the listed companies to complete all
formalities in transferring investors’ undistributed, unclaimed Cash and Stock
dividends to CMSF before the May 31, 2022 deadline.
Finally, the Chairman, CMSF, and the
Chair of the Program Mr. Md. Nojibur Rahman concluded the Dialogue by saying,
today we have consolidated CMSFs’ partnership with the entire Capital Market ecosystem
as well as identified a large number of areas where cooperation and
coordination are needed for making the capital market more investment-friendly.
We can improve the capital market by working together with all the relevant
The dialogue has been organized to bring major stakeholders of the Capital Market into one platform. The BSEC is the guardian of the Capital Market. The BAPLC is the apex body for the Issuer Companies and the CMSF is the custodian of the fund. In order to make the Capital Market more viable and stable, the all-around support of these above-mentioned stakeholders is needed.
Event: BSEC-BAPLC- CMSF Tripartite Dialogue (Followed
Time & Date: May 26, 2022. 07:00 PM
Venue: Celebrity Hall, Bangabandhu International
Conference Center (BICC), Dhaka
Exchanging views and learning from the
experiences of the Issuer Companies
Ironing out the difficulties faced by the Issuer
Charting out the future course of actions for
the Concerned Stakeholders
Developing a roadmap for future cooperation
Chief Guest: Professor Shibli Rubayat-Ul-Islam,
Chair of the program: Mr. Md. Nojibur Rahman,
Ex-Principal Secretary & Chairman, CMSF
Dr. Shaikh Shamsuddin Ahmed, Commissioner, BSEC
Mr. Anis Ud Dowla, President, BAPLC
Keynote Presentation: Mr. Md. Monowar Hossain, FCA,
FCMA, FCS Chief of Operation, CMSF
Mr. Syed Nasim Manzur, Vice President, BAPLC
& BOG Member, CMSF
Mr. Selim R. F. Hussain, CEO, BRAC Bank &
President, Association of Bankers, Bangladesh Ltd.
There will be a panel discussion. The Panelists are:
Mr. Md. Eunusur Rahman, Chairman, DSE
Mr. Asif Ibrahim, Chairman, CSE
Mr. Kazi Sanaul Hoq, Chairman, Rupali Bank Ltd.
Mr. Riad Mahmud, Managing Director, National
Moderator of the Panel: Mr. Arif Khan, Former
Commissioner, BSEC & Managing Director, Shanta Asset Management Ltd.
Experience sharing by the representatives from the listed