Dhaka, Bangladesh (BBN)-Bangladesh’s stock market investors on Tuesday formed a human chain to meet their 13-point demands including implementation of the Financial Reporting Act in the fiscal year 2014-15.
The small investors, under the banner of “Bangladesh Share Market Investors Association (BSMIA)”, a platform of small investors, formed the human chain in front of the Dhaka Stock Exchange (DSE) at Motijheel, the commercial hub of the capital.
The task of Financial Reporting Act (FRA), 2013 is to ensure transparency of audit systems, forming a unique structure for the monitoring of firms listed with stock markets and financial institutions.
Their other demands included introduction of buy-back system, allocate a special fund worth BDT 150 billion for the stock investors, tax waiver for affected small investors.
They also demand cancellation of the book-building methods and stop Bangladesh Bank’s interference on stock market to encourage new investment in capital market.
The investors urged the government to cut corporate tax for banks, insurances and financial institutions and tax-exemption for small investors’ profit up to BDT 50,000 from capital market.