Dhaka, Bangladesh (BBN)-The stock market investors placed a 10-point charter of demands, including allocation of a special fund worth BDT 250 billion in the final budget for the fiscal year 2014-15 to bring stability in the capital market.
Bangladesh Capital Market Investors’ United National Alliance (BCMIUA), a platform of small investors, placed the demands to the securities regulator on Wednesday.
The BCMIUA leaders led by its convener Md Ruhul Amin submitted the charter of demands to the Bangladesh Securities and Exchange Commission (BSEC).
They also submitted the copy of their demands to the chairman of National Board of Revenue (NBR), Governor of Bangladesh Bank, chairmen of both bourses – Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) – and managing director of Investments Corporation of Bangladesh (ICB).
Their other demands included withdrawal of the capital gain tax proposed in the budget, suspension of IPO and right issue approval with premium in the next one year, to bring back over the counter (OTC) market’s companies in the main trading floor.
They also demanded continuation of the provision for 10 percent tax rebate facility for companies declaring more than 20 percent dividend.
They also demanded to extend the limit of tax exempted dividend income from BDT 10,000 to BDT 50,000.
To bring back stability in the capital market, they also demanded of the Financial Reporting Act implementation and capital market friendly monetary policy.
BBN/BB/ANS-25June14-8:00pm (BST)
