Capital Market of Bangladesh

AN' __ UIAL REP'OIR'T 2:01016~21007
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Aii'lnUal Rlepori :2.o06-Q7

S:ecu~itles :D;d &;'C!ill]mle! IC~mfrilljl.m~n J[DaIll Bim~ Tower (1 Ei~ ~ 6 a .2~)IlFoorl'

~ 0,. [):llk!ill~ha C0Ill111ne:m1i::liI .Ar@ai DtJo~-1I[1I0iD\j Bi;ln!dllad~sh

1~ImQne: 95;13a·1 iDr~ -z, g-86~.!j2~; We:bsit~~ hHpiJ~~~~dLI[Ii.Fg!

E-!11i!lil: ~~dxlI@bdlmt]~ll..nm, FID4 {~8)"112.o!956312~

Aii'lnUal Rlepori :2.o06-Q7

S:ecu~itles :D;d &;'C!ill]mle! IC~mfrilljl.m~n J[DaIll Bim~ Tower (1 Ei~ ~ 6 a .2~)IlFoorl'

~ 0,. [):llk!ill~ha C0Ill111ne:m1i::liI .Ar@ai DtJo~-1I[1I0iD\j Bi;ln!dllad~sh

1~ImQne: 95;13a·1 iDr~ -z, g-86~.!j2~; We:bsit~~ hHpiJ~~~~dLI[Ii.Fg!

E-!11i!lil: ~~dxlI@bdlmt]~ll..nm, FID4 {~8)"112.o!956312~

I~ aeu RllnI!'lli~'~ AN' D I~VCIILJ A Nf"';, ~ C' 0' '1M MIIS'~ -ION' ~;'::,~~~I! In'::~ ,""',, .. ' I, ~~IIi1""c"~ ~ ~<l, Ic~i·, '., .. '

r INSIDE

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A !"I !I1!ll! aJ ,Report 2D~6~7'

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1 Ig\iiluiil'~"'~' ""''''''i!:iIri,;3iI1III1iJ1I11Qn


The SeCtlme5 airtd Exdi~'fi 'CGiiililifliiss:ltlnl (,5EQ) has boon ooirnllfilJjn~1 its mklfflil 8criViilieBo of streng~fi1Iefiii!il~1 legal and IfislitiuliDiiisl fliaiinewm"k fOf ,~remjng a 'fair; 'lmnsparent :Ei!iiiC m;OO:i.ln~bte cagj~all ~eL 1"he ilmJi.I\~stof:l; 100'16 beocme morn Qc~iidei1l ifll iitve:sllng :sham· Ifi8ilWsl: 'tllJJJe~ m 'linle1:!!1' diifii:!oSUifeS m tffi[fil:8f1Cim ~m'be:riiieliilts :amtI irnfOnTi:!tlioiiil, p:ay,meiftlt '!ilf deciairoo dilllideild ii!lmJtil hO'jdiilg ~liIli1IiJjiflj Gelternii Moo~n~1 ~fiiI 'lime'! proper 5upeiViBmn ,of seCi.llirities, ~!'RI'I93O'tioo9: :EIInd mBill'm~: fnt.enll'Ledii81frjes~ iIiilV,e5:~D\r.S :eWarel1es:s; IIlrogmm :and rnmllitiiJfi1I of InllJeEtmt'5 iI:lolifipiablr5 ,ett;~. IOua ItO Hte above iBllliVi'ties h moo uff InflllllmKet G8p~~~zelioml 'to IGOP Inas IFeamed at {!DlUbie, dlgi!: 'fult (he "rti'lSt lime~ i!iii h H1istary or BBif1glade~1 ~p:lta1 Ms",et

lit ii!lii 'V6i'1l ,eS'S·enti.sll·ttli eils!l:i~e :ad.eq'iJBh3.' :5!i!lPP~ of :~filie5. liftlpiio\!'e'1ilteiil has been ,attaiiillaa in jegal ami ~n!S~il\iti!Jmd hmewark. The G!J'remJ'iJ'l;\6rr~' has, Deal QJIIiIQ! 'Lo bniJ~1 ,5'l1a~e5 of ~~miilileflt i8iOO nool- g;ovefiiliiJiient iColilipa!illes in 'tli'i!ti' mpttall ftIlB~_6t:. For lHilis. !8J nUiliIber !Jr' OOillll,iJl'IJlje5 ~6I~ ooFl~{i1 iinto ~tiIlJU(;, [ilflitea GCliTIJlfiln.1J' to lrl'crea~e ,5~Pl¥ly' m :secllirfUes: .a~i!:l ruiiil ·the; l!}iiJlifIP8lFliecS cOifimaroiaUy ,!8f1d acoourwBt'i!I~. ilihe G!JVefiiIil'iMt, has, 'r.aken inUiB'tiv.es 'ID Dring '~li'ie' ::in EI 1nOO. of ISmre-t!MmOO ~ny YOOenf IPower ,aliii!1lll~3eoomlllililllntlJlSltlDIiiI 5e-~ iil 'I~ra' srock. m:ameli:. ~( ~s 'il3':M1pectedi Ihat :share;s (It tne· :E\i'OOve iOO1'A,IJBni"es Will h;!lB~ O'ff"fI]sdedl :8000, ,A'S: !Sil 1195ult! the ,ClIep4fi gf oo,pil'aJ mm1ret aliil!:ll ir'i~lmoot gpp~rlil!iliilitii~i3 I'n SiCil:rUnli'es, m~, will be iiiil~sedl. I8es~e 'HiJis, lIlel COt:Jiiniii~lJii'i ~as rbeen ooii'iilmufik~jtililQ !With llmel f1.ati~n~ .Biftla mYlI~in,artiiolnHiill GiJfI'1\pl!m res under lJiiil7vaJbe 5eet!Jr itO [,aBBe Q8I~ibili ·fm:m G6IiJital marmt Meall'iiW'hilel :EI nUiIIi!b,eiiof lililllUiiftl:El~iIiiiiilaJ (;QfiI1(p:anies. CDJlIIilftIimtr.atedl 'tiileiCcmmisston oonoomlng "fWin~1 Game~i!JflI 'ifirrllir] sinlBII"e !market l!J!F mr-t~a!:!ii1g !SIlEre9.

Duning FY :~OCaJ,. :2Orf7' ~fJ1Je' 'Oc!iilililTiis8!lafll -i:'iOO~fded ,oons€fd '1.'0 10 oompantas. 'ro lf3'i8la Ga&:lital ,et Th~ iU1SJ.;3 IFlflillion tl'irtn.lgn pilaD~C iSSUiB~ M ~nl 30 JUiiillB' ,;2001!. Ilhe !Subscription CIlf'snares. 'was 6:71 'w"mes. 'lilel i5iz,e m '~!al ~5lies. !liI1' lIlesa~ oornpan~e.5i! mileoong :Eliililpre allllmi!3J1di !fOr ~ri1ies ~iiilUle lIliim8l~' m~~.

Tihe iie1rab!e ,8ift1!l!1 r~ri" 'ifii1aiiilci8i11 M:Meii'i'ilBiflm of' iBiSllJIer ,~nies :are n:ee~ejj '!c I!/'\Crease: [fiVes-tors cotmdifln.ue! in seGuriHes liilI~rltet It ~s mamnllarory "for h ~5SllIM 'OOliilp.Elliili,e;s, to PmB.PBiI!Ei firnsn@j8J sm.l:emEi'llts ,~:LOO1JnfllliIg to 11'irVtem:~iLIiDl1all Aooollln~ SlatI.dlam ~iicli rBiooiting [by 'DiliB: ,~mtuitO'ry :aooius R~ing itO l'nl.elliaDOIi'i8ii 5mhdalfd of AJJdffililg~ Tine 'Coniiri'ili~iGn Itms. "iak.e:'n diooipli~3ry ,aC'UoliiIs ag:mliilst 'Hie alJ~jtlJr.s who l<B'iled ro I3D~i'sh Iprnmsmliiall duties. M a lJes!J.llrt the !iillllIdftof3! mllil1'l:!14ted IiIlIIJIfie '[JllmH'ed o;pln'tGm l:n .theiilf'" :smtem;ervt:!i: and ~hus lfe'Ii'amlity of :stmameilts lims liliilij;Fe13sei:l. The C'Omll'iliiSS1!t!n gh.!\EI!S, irrnpal1Bnce to FOper audrnlilgl ,aj 'fiFiElI1'Di!ai1 statBilflilii:liftl16 of ~tler mm~!lII'i1Ees .. J\'1i'iI Kmepeli'il!JE:!nt regllllEitGI}' ,organlzati(ll'ills beingl CiOO'SidmiJ to estaiJ!iSh ta lfIiIanoo.r pRiI.pamlJon i8!r'Vti ,:l!IllJIdniliilQ 'fir'lanDiaI Bfeliifl€mlts :5IOOO'milfl,g to! 11iI1:emrm'fiarral ,AtlDOOlfitilflg ,s.,mnd'am artdlllntmllaool1~11 S:tail1d~rtll of Audifir,llg~

All parnes re1i!iI.e~ itO Gap'iiai lfIiIilIl'ket :stiould' have rtiha ~rKlfw'ledge ~f" (;:i1pmll nrnalikf!l 'rol' difl,y~!Jpmelit 'crf cap'ittlll market The 'Oomrnis$i'oliil has mrt'Elnrl-ec il5 'lmininy prog[ialifl tijj thE:!

M.I1ual ~~i1 200&.07

v~ul'QWi, district clUa~ 10' iedlJi!Cfl~e IliiiI'I.I\e~ and i.mJl Ut'e delals cr slock IbiiGksmi'c&eal'ets. ftle 'COmmlS~Ofiil In ,a~'$o!i:I'~lion with 'blle 6mck 'eEl!iJi~m!aes, ,and ctheF' LSla].!)e~o!deiiii5, 'decided W e~labU$'h raJ :5~l)jrltie~ 'liialrLIlg Iftl5'ltlL\lll'ei 'lo, ed!J.g~t:e 1!1Ve.slolia ~~mll!ll gl,ve, hJ~hel ~~gree on ce pita II mair1iiet WtJ~1 is ~lPe(Cted to ~fiI In 'b'lrne, n~_.: f~ea!l yea~:

A,", ..... o::ih J'LJi ...... "!iii'V'i/"!i' .... 0::.' 'i5;.iiI l'!I'":iii"l 1a- ..... eli.""I'·."i"ii! .. ~ ..... _ ........... , ... ~"" JII'!I.t"ii\ """"""'''' i!"i.ft;U;"" ..... ",oi:ilil. iL.,.., M~ ~111~ ~, _I!I!~ ~/. II ~1~'I;~~~Ji ~f!l ~~!~. ~_~Il L~ ia! I~~Y~!! L~' ,I;IVI- "!I!-~~~t~ '!II'!~ ~u ·..f~nljl u ~

iCell~ml Ce~ltcry 8aJ"gl~de$h IUlmited ('COBL,} andJ 11:9, (lomp;anles ,calms uflt1~r ODS. A~ a Ir1lSUI1;., 'hrafif!p~enC-:i In plflmoary ~l1are, iSS!JBiiiloe '!iYE!te-m Ihas ilii'il~~ed sl'gnimcalillt~ am $!aWefililent petltid af seoort~es reduoed ,arudl hE!l~e~ rre11iiOViiiilg 'rake shalleSl i'fom UffIe 'market. OCH31L ~~t$ lfi~rmliucedl nnlemet BaI~tnQe' Enqylry Q,pHm ,om 9 A!J~Wl5t 2(000 'to, IlfiIrofm !he Ilii'iI'!.!If!!:!.t0r5 allioWll d'ie.I~' eo scml!lmlt S'ta~ll!I5 thiiO'U;gh IMel'MiL

1F'li'eE!efi'll~ i5~W!!fiilC8 of !$Ei!curitles a'S, well a!E!, j4iffe5i9f\i\a!tlonl and lr.aii'il5a>~Iiii5i ate !/Jol!ile Iby ~!Jt'Oii1Ti~ted ,s~5tem. B~t 'tha' ~ic: !ff(fJ'~~wcture lias Inol lfel: d~e~ped 'i 'M ~elUemeii'ilt of :sa~uIiiUfi, 'oon;;~.tIIO:I1i;~ Dele: M~ la~-ilefJil I nltrati\leS' to :embllsl'1l ~ clearfng oo.,o~tI'oo" Ilf it. ils cr,one' ~Eio!Jr1~~, ~!l'i~!;i~lon~ ~fidl Uti filii'iIiinclm l!!!e!'JJernei!!lt wm M f)~~i~l~ '~Im~!Jgl!Ti ~!Jtomated rs,yslem .'

110% ~W 'lo~1 ~Mbllc ~~!J,!J~I has been nlSe~E!!)j1 for NRBl$, 'flrlr l~rair II1teit1;er pali1iCil,l4'allo:n ilnl 1M $aculiiij~, !msJ'kei" I iTIiUiJ1l"!l91'lt C'orplllalion of e~l~td'Kh h~s '~bated ~Fm Muiuail FUfJildi ~ ~he markett 'ITGr N Pm Investors.

Ttte S~,ook EXCIi!i;tr'!~' artd 'llle, 'Oily IBank, lN1A iha:'!I'e jo~ 'my o!'!la'1Jized an ilnmrnsJ.ioii!JEtI conkence 10' !il'!oU~te NOll Ipte..aide~l, B~lad~h!i iii!lw§~ In h'il\i'6St in 16ecuii~M' market ILGr:all ~nd Wo!"Q1S" ,experts lor capU2i1 ilrI~et aHsl'!ttQd Ih>a ,oonl'aren~ wilich ~p'OS~d IEliaiillglades'h ,as ,!;!!ii'iI iaJlilaitlll~1II1 and m.orei ia~~!latitrtal :I[iI!'ile6~i1'~ ,desHf!ai~lorl\, l(iI!):miparEtd to, h Ir\'Qr9t!bot~"g OOI!.l!!t!lrI •• Profilab~"Ei I~I ,aiilid ooreagm!' oomp~;i1n.las with good fundarwu;u"!~s WQr,Q EJn~rasoo 00 rilk!!l!il ,ca;rJ!Il'a1 fillm ltra seooritJas l!'!llaiiJ.!;elln d1a oOJli!Fef:e!li!oo. The Com:m ssl'm Ima~M.a~.as all 'ttfU~ p<aflJS: QW ca.f=i0hallmrne~, 10' O!fll!l~;n'!~l sl!.U~h pmgi"ain1l.

11 lis !)ooervoo ~!I~, ~HYE!I m~~elmientl' urKr.eIl'WJijt.'!i@1 ar'idi po:rtfQ1lo I',,~oo!int adWltJes ~F l~slte!1!!d ~!!!! ,charrr[ bankers ,aile m~' saU:sraotory. fl'!e 'Go tJlI!mlss'hilll1l l!i!as b1!GiieJli! dlad.sb~ to ~1Td ~ 1re.g~S;~UrJJmI !~~~~~s 00 lth6E!~ ~~J ;aflljd! J\:iI\~lgn f;imiMClI'a! IriS'tlWtlol'!,s wtt~ a~ ab!I!9 '10 001'1VinC1;!l lOr;ofi~~e' com 1)!3i[l:l!es "~o' ralsQ 'Clalpltaill iflmm capHal mamal: ~a'i!tellng ~@.s;traUo~ ,oorU~eme ,of some ,eMlst;!1'i9 'n5!iC?t~ Imare~~ni OO!lk~1S" A$ 10m! ~o. June' ,2o.~"i' 6 lbanks, 8 '~hairlc.!all IIJlS'~lwj:go~s 'aru.1 O!i1!9 II!i1!sur~fl'C8 ~!lY a~plied w U,S 'Commlsslofll 'r;o~ ~~~~nt oon~"g l1egfslJraHon ~~Ifiaa~c

'fl'il;11 ~mf\l1lS'Sktrl I!li~~ '~~n ,5!i I:lFOJ)OOI; "~T\i\OO !!1rrri!~~1!f'!lI;j'flt IOf Caplf,a'i Mat~~: ~f!i1a~~ IP~!i!.mr" (iolil~lrrrg ,Ci!![~~11"!Ilai~9~, ~~~~'. fnstitutlol1!~1 ia!'ild 11!l)[!1!"[i!l[r!1 1rl!!~Y~ ,dlB.'i,I',aI~E!n1:, 3tl'fl :S1J~smn :aoij~~ti!3~ l#1l1~11 slart:ei;i! 'rl!!!n@~@!11lng, ~l ~~ ~kio, E.!l-~' ~{jli,!\ill@~f!;t a:nrl ['Qf~rIifIS QIi :F;;YIVfi31Iancs S1{S'tam. ~rnlc;;e dBtElmilllI;J11'on" <a!11~r!ilalfrvl!!I ~liO'pO~'il1 iI:!(~ dlS1jl1ltlll!lllon 8.YfJiI1!iI!l1l. ~S't:ab!~stU'!f!e1l1 a!f ia :&fi(lu[iiIJ. !f!S~:tu"bo and pm:parat!Ei~ Qf' ii.s< eU!Trel!Jl\Y~,

The ~ri]lecS ,alfil~ &dllBiTIlgal Commrs~cm haa, i'iSOOnati~ill!I:edl ~1t'6 Mift901J ICoiiiiim~ee! UllfI~:er Sec!l.!iri~aB, alld 1~~1iiige Ord:liTII!llnna,. 1969 to !l;Iet amiBgry 5e~eG! ~ I'Ii\Bke mklrm IlrogmiifilB 'for pomicies!, pmtedbn of iil1iVeswm irrt91iiM't ate' .. Mi'rli.a1try or IFmn~, II nlv s smae iii! I:

CfftpCmlim of EJa ['I[iJledle.eh. Gemini lilelPO'-sihltry BSlngl'auie-.5hi Limitedl!, B'liiiiilQJlat!esffii ,A,5!:ioofatlon Gf IF.LJcljel,~ !LIsted ICQmpal'lre.s;. Banglede:sh Iinstitute m Deve'l~nl S'tut11~. Dlmeb CI!1rutr!ber of Co iffIIniI eree and Ilndwliy and Stook lExcli'iJan~9 incllllJing 'UliJe! Ch:aJnBiiii~ SEC :am IlndluJtJ\ed lin! the 'CGmnil~ttee. The '~liIiIiiflit~ee,· ~ilS arready" :steJltM functioning.

,IJ;S on ~~ J~f1e 20017'~ '~.olal nllul'll'lbe:r of s~~ritie-s, li5ted 'M~h 1he Dlmeke S~ ~Fige' wM: ~t25;! agaimt 303 securities 'Om 310 ,Jl\Jirte 2DOO; 'lime ~5:SlJJiedl !!Jalli~'~ of ltJe listedl :s~umilies WM, Tit ~ M27iO malioiTIl, Blaaiiiilst n.;B572ilJ., miltiool tin 30 June 2006. ,ehowimigl Bin, increase, ,of 9 ~ ,,63;%: andl itle milfke~ ~pitaliz.a!it~iiii of ~II llisted :IiiOOilimilieffi. :5food at 'Tk;.491IS81ll' rnlllioiTIl, sgaiifilst Tk" :225300 m'l Ion QIfi ,30 JUFlIe' 2008, ~8flO'Wilfiig ani iiiilGi'e;ase, D11 Ut%.

,AQ~irlglcrfl h total f1u'ftfiber O'~ 5'eooribies 11Bted WiUll '~ne Cfi~~goog ,Stool!:: E:r.;clmang~ 'olftl ~i!ll J\Ui'ie ;2[]07' W1a,5 2119~ agelmt ,213, ~ri'lie~ 00 30 JUline ,2.006;, ~e ii~~eil:l ~piml af 11rne! ~5tOO 5e~rnl~,s was TI!:.B1IIC3il.90 m~llr:m, a,gi1iiiMt n, e25~L1.i301 iIIiIiDRiJi1i! en 30 ,Ji.li1e: 2006 .. 5.'Ito'win{;ll :ti11 f1IDfease (!.:f 29.;5'9%;; and ~ iIIl8drket ~laliZBJhiOfiJ or ,alJ Ilis!.eijjl!3eCilirities ,6talod elt 'TiIt39M90 million a~i!il5~' n.1'HMO mUllan Ciiii 3DI Juliile· :2006!, !ffihO'Wifi.Q en in~ase ,of 1 [32.96%,.

The· Co-mrnis$ioiill mel ,all its: ~ei1dirures ftrnm ltie 'fu.und 'lIil:at ,oo.il9&s~ c.f 1Ile. ,;iJ),vefifimeiiiil all oo!:i l10Ji tliiFtldl f"e¥errJlJie: g,Bnem:iJed by ltie ICQiTtIimlis5'iDfil il~lr:! A5 'ltiiJe Cornrnissioii'il 11m, geflerated ,COfiSirlerallle' iii1ooFlfje, '(}ii~rr ~ne last 'rew 'yeBiF5, ,gweffil1rneililt Qlratlt dilliTIiliifj ~Ile FY :;!,jJJQ6-07 oo:me rlOWli belD,w :20% of ihe ~ ~~e5. lin 'ltJe mE:oo "lime'. 'the' CO'mmi'S5iaOilii has 'taken ~lfiiitr5i~v.e to lililc~ese lilctlftJ1e allldl ~t is hopedl ,that d IJliilil~1 ~he' FY mer?.4!lf3 Q~effifl[meiiiil ~mnt ''M11IflCiI; !be nooeS'Sat} to Imeet 'Ole !DaiiTtliiillisf51cn ex~ense!il,.

Time! COFlilmj~KiiIlil, wlilh ~i;s. limited lie !5.tliliUm::ii'1 hes been ooliilliimlJiilill!t! ~ffi be5!l efff!J~ tal e5'hEibllsh :8 ~s'trnflg! ellii~imt and ImIi1l$ifllBlifeFd: 'CBi,pILaI mafket I 'ffike 'UTi is, itrp,poooni~' '1.01 ex:pfeSSl imly' hleanmtt 'thanks to, mil the, smkehQI'dern ,of oUr' ~rml market, rmruJ:iinQ! the! G'O¥etlmn'l'ent I :am :Bls!J expiie5.5'initl Ifii'IY ilteaml'felt ltI1ianks, 1'0 :alII '[!me! !SIaR meI1ltDe~, lfil time, COlfimiooitlll1 tel' ~l1eif 5Siiiloere effiJl15 inl develo~1ng 'the, market.

F'Bru~ AJ'iITIiB!!!Il :SidllimqJ' C im!ill IF'ii1'18 n,


M,f1ual ~ij'Hit:!. 2008-Q1

,S~l!IrllMe$ ~JI!d E'M11iihatrng0' CQmlll'llmss]Q'J1::

IIil! ,~. !i11I~rI«I:t ooon.omy .~!il!rilirni~ ~ri:!~l is ;aJ v!!1lI'-I;f~ th!fO~gmJ Whr(lHll :s.ufIJ~LJS rUM 'i~ i!l,.kid In i81lmmil1i~i'll~' IDlvesllli1~nt oIl'PQRturrniliG.'!s. R4l!hust c~p'nal ll111i;ll'k'i!,t pla~ pi~Dtall mi@1 'for' rlldlJis.tr~izglio:n m\iIj eCQl1Iomic ,d!:ilv,~kl'dli('J.Il~IlI~ of i:ill 00 1,1 Illfiry. fiorc' ~I1Cli~~s'ilmgl 'vrn~ IIjili!pU1 ~!1Id b~dif1 0.1' ·~tu~ mi1ll~ ~ttraelID.g ~m.N!slors ~s im~orlant This Iju:lpp~, 'Omlly wfuj~n i~rsi ,~lfl~ OOrtfiD:e:n1i: ·Iti~t th~, ~~cum~$ !lllafimts aiflli 'hrm1!$p~mn~ anI:! ();fliljil:nt Th~' ~Cl,.irni~$ ~!lid Exd1~il: Cornl'll'li~tDn (S lie) w~s ~.blish'€d (In .JUIi~ ~t ~ OO~ a~ ooF,l~l m~JibJit mgu~lQ:r' In 13~I\I;II\§d~h tIiilm~!Jhi "1Ii1l~1 .$coumilil)5. '~mld ~oh~~ Co!lllml~g~OI!il .Ad:, 1:99G (Ad. .~ 5 ,~' 1'99~},'lihCl Cornl1fli~hl]nl an~~s ~Il:anoo ef oopifiall mi:1rrk~1 1i!4i1\aI~d laws, ~I~ t::IJI!d !le;Qul'ation$ I~tc... Ibf h ~ntwN:!Je.c:[iiiliie£l :2umd persiJ!!iiI$ :anjj institJJ1jf!OfliS. f@:IILted wlilh ctilpooll III1Ililrtet IB~s'i!l:: IIGJW8 o1T'llrn!:!l1 capital m~1fkgIj: alfe as fu'1I'ow,s:

:gj. ~l!Iriti~s.Am:. 1:92,0

Itli. Sleooritiffi!s iBin:cI E:i«:tJi!]ng~ ,Qnjin~maeil 1:E1G~!

,1:: •. S~writl!Els '~.Ii'!I[j Ex:cJli:lliJlgti31 CcmrmiSfSKl!n.~ ~ 003 ii:lFild d. Drtipooi1.'ory'Act, 1900

iIi~.o ID:&I8Wra Stll!Gk Ilbrc;han,l,o I[DSIl;) :

Thffi!' Dh_alo 3fDdk I~~~:g'e LW. ~D5E) .w§£ e:s~b4rlSfuJed !in! 119M, hLJ[ its; comme~:;J11 'op€f§oo:n started I'n 1i9i56 .. Due fD na!tioll1llilllizat'iClfll IPDlioy '~mding :actiYiHes !lJf DlSE, f€l1I'Iml!il€d :stnspended dllJmin€l the posit !Ilbemijjian period ,amdl f€l5\um~d ag~11i1 in 1'6115,.

DSE is; .a. :sEU-:rewJl~:trny f!Dt-m'f-;pmflt 'Drgaliil~i:lIlkm . .ka lI?I !SeJf;'fegul~liJly DIij:!ill1:JizliI.Mn DSE: :stIpe.f'i.i'lses ·u,e fundfons of ilisted oo:mli:Hmn~e.s, .Afllllil~:inti'(m. O'r OOE ts run ny' the IDilfIikEl ·Stock I~haliilgel (BOO/rell and A!lmlnislralillrl) J~.egJ!I~LtiQIITIS!, 2!ll1lQ,. The bO:sJm ott diret:I.t!r:s, 'COI'LiSis~ OF :24 m~moorn" 11:2 oi'remo:rn are e'le.m~!J by dlimect 'votes of IDsE, m€filIDers 31111d 12. directors, ~r&. lOOmtnat,~d. by' !the ,~fected ~erriheH 'OOIfl1l riort-DS~ meliilbe~. MImI :the .~fJpftViIall Dr the C'OJlilm'tsS;mil!. The c:;lmi:ef lEXe,eru1We offic~1f ,'CEO) 'Q~ D:sJ~: ls ;~15!J' a n~i!110 di~r.

D.SE n~FeS, ilihe al~:Cll t!~ nlSE wlrnfcHn If&tU1res Cm'iiliriissibrffi, approval. nne! '[;E.O ClJlflIau:cts; 'lfiIe! ,daily dEirs of CS~, IN, ow· ·1tJer€! ,am 2:34 members ih DS\~ of WhiDii 1941 1lIiI€l'iIlrers are! reaiste~ed by' '~lia $~C· mr '~IJOOli1lg !S€Guffiili:es, Itliusiness. MOOI'itIklg to 'Iile rules every lfI:Iiflliilhe:r 1fI'iI!J.jJ:i't. be ,Pill l[:(Jtpomml boav. l1ramaCffiion, iSIJiu:i '~n:ifer of most·or the, seQuriUe,s, Ilistad !Jim DS ~ SITe now !axeaJlretl! j'liiI ,atBctrfJIilID rnflllil. At p. re sent. il);SE expanded! ~'l9: on-line· trarlT!IIQ ,a m'l'!o!'riies, into '1.h!3! dMsi!Jliilal ;Bind ,Diisl1id: tOlWJru5 m '[/fu!al (lJ)i!Ilfl1lry:.

ll~e C!l!iiMgQnl S~c'k ExJ:friiulP {CS:E):

The 'Cnittaga~g ,Sffic&': ExchBingei. Ud. CCSE} was set ~p, In ~99fL n is also 3l Self'fiQlibilory !i1Ii:ll- gr~: OJiganiza501l1! ;and i:t:s, lifiooa'gllllliiilent al:ruliml1rn la .OO:lliie a.S IJSE. fIh'B CHIIlttagoEilQI ·Stock IlExclmange ILtd. ('eSE) 5'~aJite;[I 'iits'll. !0111I~linB lto?i~iO;Q .Stlf.stem in, IB8Ili1Jg~atleSh ~lalll'lllamk.ef in 1'g9a, airm .at prest:::r.ilI it is. cBliiYiflg out ndlilg IitG!J~itie5 'WI'OIllI DlmakEi, Cnitt~gang~ S~ImIB~ R:1jSftJ8Inj~ ~ari~ti'n8l1,! ,Cgx~.JBaz.B[f' and llOiJuln~.


ijJ::'omp'iThaltl!U:i 'Dm!l::er' ':

As, per ~ e ,mcl!lrIJjeE!, ~a.ws e:~ry InlWme~ary imlstllJl!llion ~as 10, d~r9fla~e an oRiloer as oolT!piiaoolE~ '!.1ffh;::er iWhose mm!i' IFeBpilJlis!bilft!t is, '~jj, ensure pEll'ftiW2i1f 'tliil'trms oo!i!lpi~al'illce 'willJi se~!JriHes: laiN,s:. h !ill primeiliY re9~1!;!!,Qr" ilf an Inte~Ie!r; does m10t compi,Y wlillil the I~ pmperty the oolllilp~ill:lno!!:: O'ffiOO,f Ms, ito lf€pm1i: '1.0 the' chre.f lofficelf «If the ~tt\1le.[1 im:ened~lJ. I'F ~vloleUoo ,of' 'EtE!:C!!lililUes; Ia:ws oollilUnues Ihen ltJe ,oom,pliaiillee IOOicsr slllla~1 lre'pilr1 '1.0 '~he C'(~JliImiEsalJlfI.

Book, Bl!!tUdiing MeUlod ,~

IBnDk Bulldingl Prn~ o1f l.p()J priclflg is, :;:]1, free prlc:in:g ms;I~!iI1Iii:::~ 'tirn.:ill. '~IllI€Jl! iIhe OOllTlp§fty !lJ1!il I~ ~ance'. botf1 pasl siiild fWlWrnI', k:ee,~I:ng In ml'nd I~ irTveslmenie. ,eamlng k!a'eca~t5. eDilJ.flO'fJililG !Scert2lniio etc .. The ConrlFlilissiol!ij ~"e:~mi'rdl!lig' 'ltJ,e poss'ibilily ,af introducing Boo'll;, IBul~dlng Sy~laffnl tor IPO IJricrOJ) en 6'e'lected basis.

'la;adlllIll of ,Sea1lll~'JiCs, 11m '~Ilto Ib,oltmns,OSi :

II'I! D~E :eumd CSE, ~ratI~lIiIg of ~rliies Is ,done I~rolllgh aHJi:oilfila~ :~~rIi'i. A~ a lie~n 'iEc!!unl1i~ of ihrn~c1lianfll has, im:fie~sed slilltnsmlllllm:lLy 1[)1J6f1fulilll~ j!'8a'fS. iN'o'In 'lrnrling iis: dorm i!iil ~,I\a '~~owl~ '~!IIr meJi1ket se8ment:s~

a, Public:: m!ilr'k:€A:'

b" ,Spot ma!i'kel

e. Wodk, m~rketi'

d, IOdd ~ Lo:t IfM~ket.

o .;m;.(:: lM:arlu::l ::

S:ewrl~es ,and Exclmiiiii'lg;e 'Cciiiillifik!sloni 1~(r¥ef~'~he"Qouiillier) ~L!les. :20011 was Iissued Ilnl 2QC12 Urtdil1i1f which :S8Ci)lIriHe_!;l, cf.a-li's'fed fttQllIiI '1118 exCh~!iil9!li1S i~l!1IiliI s!l1!rurit.ie$ !mot listed 'with th~ ~l1ali1ges oWlI h'ave' been iseued tObla!nln~1 ioofisaiilll, fl'iOfri Ihe Ct!ll1ilmis~lonl OOUl!kI Ibe 't'fadW. lesE: halS' pro!i.!'id~d ~h;~ platform :bld 'um~ 'hu;:ili~' h~s 1!11l~: 'f6t.lb~~1111 l,is~d.

Se'tI~~Ii'[UMlt ,~ Sie~IlIWit!;e5 '~,!ijfiji~Ctt@:n!5' IIfii '~he Eillijn~e:~ l

M~c:hilflli5'FIfI 1m ,smtl~f'iIli:},m' of ,_DI,rri1i~$ tmmt:!lOOOfl~ 1:$ ,~rablJ!li':at,~I;lt ~~~~dI in DSE ililnd CSE, ,5ettlemefli or SIeck, Eliit1ra!n.ga! lmlil~n5; ReEl~lalbn~, '1998. nt alw cat~rim5 !f;:tilcuri1ii., int!!! ,It, BII G. N aJ11j ,z, ti;u;~~~(j on P'FQ,fi~bm1¥1 op~lt,mion ;aiM fmllJ~' to !'lordl AGM IaiM lE!lJ5~alnIJil~, 1Q~;s; 'then ~rtl/li1i~![te1y ~~; p~jcl !ll!p' ~pll'al. l'J'iia calegiWI~aiicn Ihe~ ililf~tJm tQ know ta'b:QilIl 'It!e ifUI11;h:nlil~f1tail ~Ildl ~tfr~:u;li1fflna.s·s of 8€fC(U~L

ClufJin~! lime IN 2COO ..ao07. ~ ~o or' . te!:il oomparies ilmJlro:'Ied lr:eilliJ~ly, IIIiI ttJ~ fHilrrfOOl 1iI~ of' ~A" ~o~' ~mli~s ~'fiI~~ and "th0 p,jJllDm~ of' 'fi" ;a~ ":r ~ory'~p~nJ~,~~ amlij ioo~~ ~'t-yl.!Him ~p~;~1liI thS"~9 ~.bW:

92'

l'iUiiIbEi' ,gf c:omDPIiIB:i;I; fY'iOOil.Df

INJ,iJ~[jf~I!'!i, R:ii1~D:

141

'9

P: . -1'1

! ~ ags-.1 .

M.I1ual ~~i1 200&.07

~ll!i~tt-a6 Tradlinl iroo thel ~h~ noes, '~Ii!I~~gh B~urow1ll!i1g ;

II" a ol!!!lif$1ilI m:a1ke~:~rlUas Illrice l~n1jn~I;!!~S 10 l"~asa ,amdl Uta l'nvasbors, may IOpt for l~lfng Il"IilOre ~Ilan hrs OWIill :eq~~ ,a,'r!alrul'lg: ~arrI!s iFrom tha b~er.s" ASi p;t1' DSEJC8E (Mafi!"!bQ~ M~.rgrn) ResuJalbnS\; 2.Orm 10000asooli'S, ,00 LtJdl l!lWQSt JiI"Lwe, 'U'1an Ihls 0'Wm! ~aswroa;s; aoo Ihelp lrEi~pJ!i1!91 proM '~irom '~a' bl!ll]stli markel.

U~SQ :slJpply QJ securities 'couldl al&il b~1 Illl!crEl'alSedl thnlUlgn shom-salte me~haf;lrsm. SilortHie l'isfers to seillngi CRf' secmllas that the ssllar does oo~ own. As psr Dhaka ,S~k Excf!a"~s (6horl~ala~ I~QSU la110'!ls, 2.cDOO ~!'1y pEu:son with ~ $!3cu-rlUes bOl'!fow.1m!~1 ana.1m !ElEiTl:ti;!! !!I I: ~l),Ildi 'il!~111 :$ecurnlHesi MII1i~t (l!lN!ilII~ It.. This irne~nl~1I1II l'Ielps rf1'C~aS!II1!SlI supply of' ~aoori~l!9$ i~m!d oo~rd Ibe a win-wan :5~~alro!l f'Or :SE!II~. [IanO'er and bro-k~r;age 'fl'I'mS-

BQIl!;dl Market: =:

fli11~1 ~plf.a~ ma~k~t of B~ll;ld~1!iI f!fI;aln~ d~l:llam!ds 'Ofli eqyrty sa~ritles; ,At. ~fe~rft Itt~1'a' a.re ~ght II~~~ d~b~f!bJtr1i~ In D-SIE wJlhl al!1 'I$suad ,amount of' 'n .. 1<40< milnOl·t B~la.G:tQshJ G~!!Ir;)mm~l1!t 'ISS'U0S F~~~i;!-r all1!~ 'T~~Y~ar ImatY!i'illll' g;il~QIl'!iIWI~nt ~Jrid~' Yru:~gr 1Hl!o Bi!tJ'91arl:~h GavelTlmarr~, fiooacSury Boru! ~ul~. 20!!lG;, 'ThI2l~ bonds are' lral!i!sf'4'I"a.IIIIi';!i :ar!ltll f!@W :am' tJ'a'd0dl Om! iD-T-C ti@sJSJ. 11'11 Qrdgr l@ l~opu'la~:jf!g 'It!o gOIl,i'~m~m!t ~~dl all1!dJ n~a$ll"!gl 'lImd1l1 q~p4t!llOf lna:a~~l :s~oo!fl!d'af'l n'larfw;t Ir.adJ~!lg ~~, i!jIi'lI~ In slo~~: '~ailm9~

~th £:ff~ from 1 Jaf!u~ry; 200-5. As ,01'1 !D JIlIm!t2I: :20D7; M S~~fII1!!!Ii!II;if!'t 'lrQa~lJ bonds, ~rllII~lmI ilnl D8E. Duo itQ l'Iilull!l,fall'10lJS masons; :$~!l:JondallY maJ~l«it ~ra;Elr"[iI ;CQulli IfL\Ol !bIB Il@pul~rI~- 1HO'Wi2i'i,!'~r:, ~ ,d{l{liSioo 11l~$ b~~!'fI! b1k.Q!l 'I~ for.m 'al eOf!!Ui"~ 'ooIilSilsU'll1ISI ~J1Ii~~!1~~I:V~$ of slEe. l3~gJad'g$Hl! ~i5!f1ki NBR ~a!i1!d FII'!;al!\~' DI:vllsl[ll).fh IMlnlsby ~J FIlr!~in~ 'b) ~li!!gg~IIT!G~w!~s to I~m~' 'ltI~1 ootDgflook ~!l!ld ,d~I!,i\j)Ib:p I~~~d Jif!-a$~~" [f!1 1~!ii!9~d@sh;

Cc:u'gorata 'G.<I,~'m~!lil#el !Gulnlllll-" ;

T~~j C@mml~si~m1 h.a~ i~I!J!Eldl ~~ G@'II~Jlnali1!~ G!ild~rftQS,I! M F~bn\m!ij i(lOO. ~n ~Ii1I!P~ or ~~~rn D~lSiSi, 'lD ii2lIG'IJ,aiQ t.!l;l~Qfa-Ir;j, g~fIii!l;InOO :soo!'t~rio illil BaIrn9larf,i2Ish" Th~S{i1 g.uld~~f!gs; ;am~f!g oth'~~' ~hlf!gt$i. :~t fl\~ i~jZ0 of th~ boaJid t~20).j ~q~jm ta(ppo'i!ltn1~!ii!t (11 Indsl1J~f'!rlQnt dlfa~r; ~~ SIl:!~b1ryl' chillf flf!l¥IfI{)I~ IOftT~~~' (CFQ:~\; Hl!!ilad oW ~!1~rnnall 00 !i1! lJo II d~lla~tlt. ltl1~ !gl[:!~li!l~ ~l~o G:miJ!Hl!~~I~ 'Wl1!~l Chi!li!if!ml!l '~md ClEO pm:rE~ill!f b~ $~r;.'H~n-,al~ pi} 1'$0 1llI.'Ha i2' ~uiid(:rlni9S I'ililql)lil'D 'th~t (lollflp!ian-Ci2l' $~~II!I$ of ilmdivOC!lual ffi:qu'lr~I'iIil€lnt sholi.dd btll 'lfI-cl\ld~ in ithll aflnLl.a1 I~rlt. DWJfIln@i 'tifuls: 1rY' ,2£lO&~i{" ilrn€ fjn~~1 :sbrlki~nt.6i ~lJfuulniltii=d 'lnl 'ltJe Olmmrs:s-olm !;ly '~Ilr:1i' _5!I!~r' oom~lIl'i~$ ~lIirlilllli£ldl mtd '~ol!.lllildl I.9mt 1iJ~il::11 DeL'Q'liit hflS< d~~ tlllro!J1l1l'll 'OOI'il1!(Ilii!iBflC~ Cit ~I't~ ,~Iiid grLIif1~aifl~, by 'ltl!!\ll i~!)JI~f oompan[~s,. 'Th!Jili C(JliI'tffI1iS!SiollliliImSiU~, th€i comp i~f1"O~1 ,(If' too ,~aid 'fJll,iIid-2rn~s.

IDemilivlat~9S ::

,At p.)flIMl~f1t th~)fl]} '~Mists, no lru~~ fbr 'II-admg lof d'eiFiv,:§)1i\r{l1 pmduf:m. ,eSE iis now iFlll,p:!in'tifl91 '~in'in@1 on dl1l!il~j~ Ipr-odu~- Th~ ~JI11Im'~:S$lOnJ 'W"QUld, ~iJ!r:1! fr,alllilt;tl' rill!:., Il.md'iJ;,'f' '!iVhich d~a-iIi¥e in~trumQ:nts or;:!I:.II!d ih~ 'lr:ad~d l!jIf)rl s!flU~d_

IF\amlgl!li IPorK--alia IIlIiVDB~rrma:fiI~:

Ex.~p[ih;g "if6w I1Il'serit~d sedr;lIfSjj tOlD%. lin'!.i\~strm-~n1i 'irrl ~1l1I)t GOIlIiIP~fIrY' c:~m till; llTIadu by ~ny 'funl~9!'1 iif1!'1.1'~ ill leillJrn9md~~" IF'cIf~ig.n i~tors ~njoy "Hi!~ :~II1II~~r ~wili"1:i4)~ iI:I~ e:!1j6y~d by ItJg ISilling'-aiJ€ls.h'i inve-grors as pM F!O~i9n 11n.v-@stm~lii!t (l?lO!!lil©iOOIl1i ,~J'id PrmIJ-OOoIl1) k~ '1@'BO"


However U'le-y naVle to ~OimlPIy wl'lh the ~re !)1i'fJ t9xei!rJMg,e r.eguJalfof\S: of l3~nglS!dE!slm Bank. Drui~nEI 'the IFY poml:rb:I!o inves~niIent 11:r~ 'tihe no:rH1aslCilent Bangladeshis w~s wortfJiJ o:r "Iile &9359.20 mililoml wGlh~h wa6 n. 2A2(tOO mlilioim dlu:nng Ole l!lIst Iiflillm~I!i;l1 '~r" Dalilils ref I!!iOf~llo, 11iI~~ent by '~~e oofl-f'esli.dern Ehiiii"i-91e.dershls harve been deploted rn lime! .An11e',:ttlrte' 11lJ· and 1'1.

,s~c: Ad¥iiSiOry C~n11i!nJiflItt;e· M9I!Il\fjg tiIleld :

Tille meelil\9 i!l~ AdivlsoffY 'Commnte~ of ,SEC. he d ~Irl :29 IFUI1.!;QH'Y. 2·00'7. 'lih;e meeUng Woli'5, ~Ir.ed by IFarulti1 ,AlJif1\S!dI :SltI'dlqlll Cl11sufri!ain. SEC. Am:QO!J ~rs. r:ePftewi1&all,va~ 'fronn Ice~ 'CDBL. IBML'C, Bil OS, ceci. BLF'C. stock, ~chan.ne;s '~lIIdl Mlnh!iitry ,of' IFInE!!Jiilce ''NEIra' ~ms~nt In 'the' meeUn,g. illiei M~mba~, ,of nle «!mmlbe ha!ii, del)~d ~, IDt ~r s!.!~ges!I~, ·!i;!.b!iJ\!t ~;t~l!IelO,pma~i!l'or capilaimarkeL The m.e'eltJiliIgl dweH 00 Li1C'1'eas'If!~1 ltIe; &!JPlPlly ~~ grOQd ~(!Irllie~ InCilllJdlln-a II'nWl~eJ 'rYliilas" (dillload1f1'11g U,el share~ o.f profi~bLe govemmE'llt ovi,ned CQ"rm,pami~ ~lPenslMi c~ bond ImafJ'ik:et, ~n5urlng ~~ll.aJnce or I~Qrale g:ovem~iCe g~ttlel~i1e5" t~killg loIIlaiU~,e to ,!i!lli:tl~ the filoo,-fie~dei!ilt and 'forre1gn, irr~lmei1t etc,

~,q,ftjMmd ~ ~Jm\!m', ,~ ~ §S1'i! ln~' Ad'!,.W;~ ~~'mi5isi!n9 ,Samilfiilr' on !!!CrMllt; R.iitln.g I.Ilfid ,eiipn.ai~ IMiiirk&.1: [h~i(e.l:Qpm~n.tU ~

llhe SewriWes and &th8!I'lge C'ornmissioiiil and Sb!irl!~'ardl, ,Oh9litered Blank, eang;l~de51fi1 Joliiilll:¥' o~ef,i)izedl 1aJ [5.emiMIf on 'Oredlt Reling aliilc Da\t~hopfll\ei1! or Capi'bail Marker ~iiiI S~mber ,S,. 20nS. 'Tille EiWl!g'l!iihtl'e5l\iJ ~fIlk G~vemn;o~' S3~h!llt!ld~n Prlhrme~1I SEC Chalm~1iiI Faruq ,AtImad Sihjdkll~ C EO of SCEM~antJlade9~ Oa~Fi Mor.a~ and Mrifiilagli19 D~rector!Or G3 ~lliIl IMalikelS 0'1 ,sea Madh1.llr Mehta i$poe CiiiI '[he ,oec;;;l61on, The ,sse ChalliimEUiiI 'sale!! '1~9t ~retiU iiUlblf1!1J' ia~:e:ncEes, :siloul'dl Ile f1de~efldef1t and !J1iiI~~~·e:\tI. 111 'their ISVBillJJ!a5oi!il ,and imati1~LfI lre!n5,p~J1CY~ 1fI..de;~UiCleiiDe BLFid o~J~Uvliy 'l\c EHiiiilLife' !;iliOtedtioml or crec!l~l\OJ~:i" might

M.I1ual ~~i1 200&.07

In~r,~rudiO:rDl 1G!f'llIiItamo:t 8;1lunClI' Enquiry IDpt5ml:Jil 'trOll" IB!II'JlIlIm~iu.1'J 10viIi[9~ I~,BOII ~OOUiil& of Ie:: D\H.'D. .. lnmDdu~d :

'TIili!§: S~c.L..I]ifijes g!,I[II8«lIiil~nge Commission Ci1!ml1'Ji'taj!1 IF~Jl!.IIq Jiih:l'Ji1ad Si'(ldJqi i.:rm~91!1Iiabidl 'um€l~ 310bl:?ll IntQIi'ifI~t 8~clUmi~, B~lilInc~: El'ilqu'liY 0 ptilJllli m 'iDmntral I[);ePOOHOry' B~~gl\3'jj{l~1iI Lki1.(CDBL} an A!,JIIII:I;;l! 9!, 20i0I6~ Under hj'~ f<aca1it1y is IBO aroolllillit hoM!Eir e:an I(ld<: :!'iii N1:1l ~statu~, il;]j' hl~~1i' a~Ol!lIllil ~~ W~IB ,<1iISi g~ Ul€ll plint'Oll.lIl (If ~1I1 th~' Tnfnl1il'l@ticm of th~II!iI(l!JJl;lilnt pacyilllig anly '"fl{, mil ,il1if.iimlan~

in. U:Jil) ~~I1fC' ~~'.s aM &t'ti!,~~ ~M' CI:I~i"! ,FanJq M~d S1tbJJqJ ,is ~M {fj< ftJ~UfjJ~.g jM Globs} M~~~' 8~1lr.um~ ,Bal~~g iI5'~ ~n a~ C~i\rat ,D~pl1)s.r/-.my ~

l..td.~D,mJ

A ,de.~~,9aoon ooFisisting (kf' off lJilrlicip8ims ff(Jili1 iime' NatioroJaJ De:renoe C!lJlhBge vi:dted S ElC, 'Olil 22 M. 2007. &figh ~ffiIi8l~ oti S~C made !prese.ntatlo!iis on 1i1e, ~utatory frrarnfi~JjIlik: oJ m[:l!ihM rn;ame1!', mfe :allil~ a~i1ji€3 af SE:;C. 500mrrlD of GflpitalllFnBlfJik.et, :depo:ziiifJt)r s¥sl:etri1 aliilfl slJf'I.i\ei11~ sysrem£ 01' $IiC. The iFe'Bm ,appreciatedl the, m~ 'oJ S~,C iliil d'evE~Pi!ng '1fuJB~ ~prtm ntIlf1rket..


Fa]li(lQ Ahm§d !fJkJ~j ChHi.Irn~. ~c ~ii l~!f G'e'lJerm ~bl'! T'ayi1b ~h!i:lmmgd Z~hfl0tJf ~tNiI' ~r;' l!XIm'i!OO'e.r:rGt. ND It) a~ ,~'fiI iiJ! ili\re' o!iEim.i.l'Niii.

SigUlm!iig 'Ceftlflmlny i~f Bangnad'e~hllca,pU!tlI M'a:k..e-t 1~t'L~ ~

ftle ~t!lrIUa~ and Ex~it\aliilgel COrrlmiE!sl'm in ~soc:iaUm with the :sim:fJ;, e%~eS! and ~h;e~ ~l;J~e~ott!ie~, t;, ~oIng to iHl~b1I'sh ,!i!j seoufVUes 'tmlntng Ifistit!J~e '101 ed!J~!e ~nd Imlnl Ula Investo~ :and iliillermediamles aSlioclai'ed '~Wh capital marltiel lin ltl.e meantlm~ rel~tedl ~~~l1ol'd'gi'$ :§ig~e-~ Ithe i'iiefiM!i~utrri g1' ~i1icle~ ~l1d m~tn!~ij';MYm of ~~~cl~~IM ~r 1t1!i1 eafd Imilliliilg ~rmstlilJle," It 16 '~~lllIiIat 1SE!llab'll$lIiJment ,or ti.hls lralfi1im9 ilrt6'~b.!te will ;~mIJ the roi!fi~ -'len ,c!iemaM lOr 'c:a;~ltaI market.

~ AJl:rmad ,'S~ 'C'halfn'iliWl:, ,'S'E--C i\s OO!i!'li! ,fR tlil" ~ '~rMJ1 dt Mwn~lldttm anrJ~.ro~ ot'.~~ffi.m Qf'Bi!i'n~ ,~ptmJm~,~

M.I1ual ~~i1 200&.07

z~ CA.PITAlISSUE

E,V>B1i'i/ loornp.a!ii!V, 'i,Uha!~ull" l'f1iCOljpt::u:afedi I'n IBa!ii!91adaSlh or f!:(d. lis 1n3t1,UI!I@d '1'01 'Iak@ ~ns!9l"!~ !fir '~8 COWlI1NS$.tQJl ~ mao .an IISGlliI~1 ,of' eap~ In Ba!i1grooas~ fmJIkel any' pl!l!b!le, olfi9'r ~f ~~lii!riU~s '~r ~~ ln :B'alll!s~tat;:\sih ~nd rt~"lG,w or' Plls41~ ttw Il:i~ta of !f!~tU!rtlty 'or I1lparymGnt ,of !any ~s'OO.l!llrll;y' m.aJbun!l1!i!1I '~fl!~' pa(!t!lllill1il'ft [fli !;Ia~;;!irl(i~~. :Si2icuni1f~, a!,~d Imhi;mg'€ii Co !i1!iJ1f!isslool :aooomsi C1olli~nl 'w, I3r:s~' capl~ ~f!~. 'Ih.G fdlkilw;ln91II\lJ~~$;

,S~{lYIi1iUils; ~:d EXc~alJ'!~e Olmmr.$sior.ll (t~I!!!~' @f ~pJI#JJ) 1~I~s.i' 2001

.s~(HJI!iIUQS, ~f1dl ~1m~nS,Q ~mml~~o!ii! (A$s~t. Bad-1i~d ~J{ty' I~I!!!~} Rl!!!r~, ~ S8CUr.!!_, af!dl ~~~rigj~ Clommrs·silo!ii! (Plititr~, I~I!!!~:) ~1i.I!~i ~OO6

-8{1(luliilh; ~lfIdllf:xtlltllC!i!nstli Olmlll1l[ssioli11 (Rights, lS'Su~} RIl.!I!~~~ 2006

tf ar!lY ~~l)!E)r wan~ '~O rais~1 ~pilal It!lioW!ghl pl)l!tJn~' 'oD'Gfff!!) '~f' ;s{l(;l!Imlb, i!llhaSA 'tol cc)Jif!~V wllt!1 ,~~, :e~rii'i~s ani:!!' ~c'~"~€i~ C~'issto!1 (lPI!.IIIM!e l;s.sl,Jmi) ~Ulg£l. ,2!l(16 " fl'!fI!S~ f\!Ilm, r~~I!!~~ 1i:1l1i119~@G'fIilQ!!iit of arm is~ui:1i rm~tJi;:!!i' !IQIli'sti2l!itOO 'wi'th lJm~1 Co!'!ilmh~siw!ll'll ~nd g~.~ '1J,ij{li iP~-G(i is~~ l!l!J'!cI~~ tilt a!f!i I~Ul!~ElIW~IJ1ir wI'!.o is also ~I)is~~~ wi~11 ~ C4iJif!mi~iO:!l, ~f!~ni·1'!9 TS~G'r ~'~ asSiQ~Um wIth "/i'Q~1 ~~w!G: 1!l1~!ilia.g~ p:F{lmIir'(l~ Pf'O~P~atus, ,iB!ld 001 ~dts, f100~S'8~:U)i' IElm::ajrn~lliits '~hat i¥iftili r~ql!,iltf@rl itQ Ib~ 'l1I~d 'mtM 'lI!h!§1 C~l~iI;m al'~ 'iUl1t!1 iIhIl drraft!, ~Il'-oposa'i.

l1nm: ifllF.EL'!1t, pIiEi~P-'~fl~I!IS:. ,i1iiliflong (itfih~1I' 'lIiiillligs, mU;$t (niSir;:liOi!li@ na.FII1~ 0.1' '~li!iibll (ii:::mnp::U:iY i1Ifi(i! bl)Jl$i]mi~~~ i!il! 'i!.iflfid'!1 it i~ G!lg:;:lglEifll ~I~g \!lil.h di;).S(!ripliQJl Ii;Jf' ~ ~l1Idl IOfII1fI~t100Jl~ IYIP~s;, Illiumlt!~ and. IPlfiIl!l1i1 O'f Siti!ic!J!llfi!i~s; lticlng 'ofifjllll'mid I rrd.armalionl atiou'l i~u~ l1I'Iana,g;~r:, I!JlflldlBflftlmibi:m, dili@oW.F8 alll'lldi ~ !llfficiDls ,afol1l) wi'til tlli1ir COfl!lp!i:1:rJI~hljn i8inli rn-fiD~n!l;l-fl1 abal;lt !~8t€id ~rty. 'tr-.aIi1i~.ns., risk -ri:i~rs; >(il'balllr;iall corujl~:OI)$~ I)i$€i !l;lf pl'!OCllIiim;i's, br:k in p~ml1 and ~uOOcri.ptilijn !O~n:iI'l9 I dlQ~lngl ~ndl ~fi)Jnd ~'i,i'i'sii'on tn '1tJ@ G'iJ~riIt 'of' I~itl"t~r ,~~Ialiol!li o.f' lD1Tf;arillli@ or ullSuIlcossifu] in 9sttiI!ii91 ,siha'I'GS, ;app[i!;:di 'kif.. P~I 0'" tIlriil1i' ,seDlJlriti~s:

ImT~r@d 15; d~t~m1i'n€d b¥' 'itJ(I! iSsum" iil!ii assor;:iatJm wirth [SStiO llIlI~n~g§r: HI~f!iIr! ~S'Sl!.llfil I~ri~ !I11I1llI$'ti: bo ~U:l)gtan1:iiatool ,tD 1ht::l: Ollmllli!i~o!'il. A!tli!i0l,l@Jl1, '!tIQ Oommls,fii'oo :~mD(lms cQfI.n1:: 'to pl!.lIbli$h PIlOOIl~~Si 0:1'1 full di'sctl;!i-sgr ba.si'~. ~t. ii, ,®rII8UfQS, certailTIl ~lilIblllillCJttSi [1'1 ~r;::c.oll'dInIlI :sflid OOJ'lsont so iIhat, inv@iS<tor"s inmrest ooul~1 00 IPmtrniotOO,

'nJul!illii1@ me FY ,2.000.. .::!l III 0-1", h anfli1rnl~sjlJl!ii ;::JOll0rd~ OOI1S~l'It to ~o eompa.rl!le.$ ito lrais-€il loop:l~llof 'T~.3Il.D:;U~OI milUon thlll'l{liug~ ili1iti~11 iPublic de ni I'iiI g., TI1I€l1 :$l1lIb$Drip.1iaru for 81m~~S of U'1fl1 :~bo<'J.i\@ 1,1:)< oornpi:iin~es '~.~ liiL~3S13.40 llIiIillHm ~flaili1lSt. ~F of lk,3BE!~;L~O i'IIIillim. Th€il :8Ip~i(fiMhj]fllmali11€i~ftOf ~O loompalillf6s,'~ a\,T/' 'tiime:s. morn thal!il ~ amaunt IClf'pu'IlIE-G i~iJii1t lit. :gjpp:e~rn: 'ltIa~ ~n!ZiM' 'is ~I 1'o1i: off d:em~nd fOr- :saOOrnO€iSl il'iil [pliilmany. Im~me:t hilifOi'inrHlItii:JfI Ic:onG€l'!ilIlfig piLI~[I!: iSSIlJl€1 d'uri!1ij 'Dil€:l Y.m:!!:!If' Is filliilliis.i'ted ,all AFnn€il(IlI~IBi-4.


The ~rath,i'Q - J:~tyrel ,of pal1l-el~at]!'il!g! ~aJ'!sraJ Invfi'Wffsi In U'lQ IIPO ,d!Wlrlflg 'It!a las! f-ew ~ana, 1$, Il!!ml'tiilmedl beilow :

~ r'l'

:~Of~pg tin ,!'!'!iJmQf:l TI'!J

5

110

lublS~rR!!ed ~!i¥I (fJl!' m~ll!ttn 1it.~,

8.,17

8.00

14,06

S~!ll~~eo~ Issl)!;e UnR(!lJghllPril!faie' lP\~a~emem ~

Rlljlas: tnat airsl 'reqlJl~edl to be ,~pl~d with 'far 11~I)JIe!floe ,of sec!JriUes, Uvm!gill pliMal:e place~rr~, 116i Sewri1llas ~Ild Exchange Cbmmls!!! OWl (hs6ue 100f Ica~l'l\ail) IlRiu'les. 2001 l!Jnder Whlot:tI ,applicaffill's, lh~s to ~Ulrinr$h oe~J!iiml ilntl1ortmla,tlon Itlindl dO!cMm~mlls [~ ~na:

Oomn!il$loo. WliiI ell eoomhng oonselmt theJ CUf!f\Jl]I~ic:n IlmPlies lC'of1Jd~tl~, 'Un at tncliJcha UJlIlelv- p~epar.iinro:n ,of [inanel;) ,;;.tabsrnenls ,andl 'f!Jm'I~II!fI~i oW'llme samsi 'to 'U!lSi ComrrrilSE! Cilfl. ~eoo1io~ !1)f ~III t~eH!;WOnSi 19liOO.el)t peUy cam ilt:ems 1,l!rIro~gh OOnil~;ant,s IbJlIiflk ~OOI.Uili:. ThaSle !CMtd'JUai"';i5: h~~D Issuer oompanJes e'l eva te, 'It!eir cortP0iiaile :g~\!Ie~l'l~ slews :aiiildl m!it~,e '01em ready 'I« ~al'sln~ capital! lh:rmJg h IP!J,lb[lc offerin.g.

~!)'Ita'ii R,a'[silng ;

C~rrng '~ha 'liflalffl~I!il!1 ~r 2006-2001", ttoo 'Coiinml!;si~rli aooo~d oonWfilt lo, ,45 p!I!Ibllc ~emdl 38 pri'lMle! !Ltd. ,cqrm,P!;liifllail!!, 10' ~i'~ capibaII 'lt1f'oll!lgh kiwalilce or IJrlvalSiy plecedl b~, snat.'le, omlfifl~ry 1$t!aTe$. pr&fefience :~hriIi\e.EI~, GDR or lk. 3111'SSi.80 million :afifl!)jl d!ebt ,~c'llfll.la$ 011" "Tilt 2~31 ,25 rm]~lm under itue ~Jrltie5 and] E~t~'lt~lib.ge' CommJiiisiool (15$~E!' ,of' C~pUaQ! Rule~ 20'01. Breiitk:-up !Of lIiIe sard ~p!ttall mlslflg ,erie ,SIS fdliow.~ :

M,f1ual ~ij'Hit:!. 2008-Q1

9ijJ"OO

11

11

'TOt:lII

Share' rS:iltie '1.0 'e~~iiiillQI ;eiM~hJ~m D1f li5~e!J oo~nroo iiTII IPro,poiITliion to lnei)' ~Ulitiall ~, ,epprn.,ved by the C~mi5!jiOi1 ~ilii~et Ser.tiri'tiea. ali'i~ ~hBli'iga! ClOOi'iifliii~9iDi1 (Rlights 1&'9 U e,)' R!JI~. 2D:1l®. AB per "[lie. :eiiilid rul~. siilieh migi'i~, iE!5Ue i1iM prnoo ef,e Rili:jllJirred '10 ~e e1j}p~eiJ ~r ~he :ehaireOO'ldem ~i!iI gener.al iliiJiaetin.g.

lDiJmirng ~Jte S8I1d period. the 'CommisS'iool 8coomed OO!lgefl~; to 6 ~nies, 'fm i!Zisue ~f' ngffilt :maJ~ of' n.3S52.eo milUiofi ICQIlJfiJJa~ to n. '15312·0' mllllO-Fi ,01' '1 OOiiliiPSfiis5 ,ailririfig ':lO~s;., 106, ,Stile the Commission aicoowJ~ OOflS9fJ'il '3 lri.gliills issues ~Ci)Yiiillirtg ibo rt .. 447 J60' fiiiI~liorm ef 3 QQ1mp~nie~ jjfjJ 2004",00 u

3. CORPORATE FINA:NCE

Thi€:: ICg~.te Fi'ntalm:e liJilli,~gjrtJmient ~CFD] ~llIp€iNism:: artd, Ii!'lo:niitm's 'I,he listed! OOIilllP:ilflje:S §lte.r liS!S!J.II§nc!2!' of plliimiiUl :sh~res, 11m ligtJt wi~h 11ii1iE1 siflcuriti., I!IW~, CIFID '!2irm~L.llrm, ho'ldli"ll at' ,AGM IOrrri tim.e al$: $pEidifted i'rrri :Sil3culfiil.ies, 1i!3IW$, p~en1i o.f declaredl ,dwil1e:nd 'to ithi31 ililves~ '!Mthln ,Sltl~LJlat~d 'Ili~i' mamin!;8 '1tJ@ ~udit€~ ~f1nU!ii 'IinaniJil;lil ~tat~m~n~ ai'll;! un- i!)IlIJdik:d half ~rIy ~rmgjnciillli ~mmrm8mil$i as paI!l of lis :f:il,llp~$iian,

CFD fuJ~!S :~tf@rm9fh~nad ~nd ~parmd~ ~~ m!l;tniitQll'iing dl!Yrlng 'tile 'ijnanoi'a'i '~~f" 'T 1m €II Di{[I~.om WiJld't~: ~l1dLooI'sill.:;1 ~mj'ng ,of hO:ldi~ of AGM b~' UI1~! ii.$!$l!liflf' OOl'Jllp:;lln-~~ EJ(pramJlfo:n i~ ~It~ ffQJ'li1 ittmI issl(l~r ciJmpanii~~ Who rnaJd~ iir~ul~riti!ll~ 1111 1I10ld1l1119 ,AGM sUd'! ~,'Ir'aIIi1I~1i! tll,ll:Z1fin~ irm ,A!3M 'lNilliilin ~ :s11l~ liflfl~ wiffillQU1i: ;~I~owi!flg df;t~ pmit_ftm m l'nll"@Stor'$. ,~,v.oiding ~u~ Ii!iIlstild by U,!~I lSH1!~~liiIokl~lIS, ~ubrnittilil91 etlfli.'€d '~udiQ~U21 mco.rd1Illl!dl irm5<m~!l !l;ff IJlliIi'rL~~:rrupmd f~DUmi~ !iJf IPIfO~d!uro~ 01' 1F\i1!l:~fin.g ~bL Ilf '1tJ:o iOxph:m§ition '~, not f,Ql!Ill1ldl :satishH::klry" iB~m!1'i1il1 actionS! a.y~rmt iIha diflfau100.d1 OO!FI1iIP:!lIni~s, ~M itaI~nl.

TfrnjgJ' ,audi~1 fin:!llooal s1j~t~m{lfl~, oJ thml ism!I!l!II" COl1l1V::llrli'€£ illI~' iliI'JtaI'lilEI1~EI un 'Olfd~1f to 1I1il1~llIItJin!l1 '1tI@ ii$SI,J~ irnt;:i~ pf>lE!~t;ilf~d h'fIi1 in ,t;ililXlafd~nip~ ,Mth '1fu~1 :5~~llrii:i~, Ii@~~d l1!.ii~, and lAS ,~ndl 'itJQ :al!,ild~'olf.S, ~~I alid~t~:[lIiI$iSllOO ~l,JdH~ ~port irm ,~Fda~ w\illh: lAS;. Dl\II~ to '~l~'fl;$aid €I1fu$ :a~dI aclio:n.s<; m'nan~1 sbBluil'~:nt~ oFUle ii$!8Ili~1' OOimlp~f1j~~ b~~~: mom ~p~~nt ~l, h~ :!1!1:so ~n lob~l"it~d 'U1~t. :Sillm~ 8~)\tiWry ,~I[!ldit.o~, 'of [I$t,~rj ,s.ewriti~s i&Sl[!l~dl q.ua'lifi~d ~flillll[on In '~~tr rmpo.i1 abol!,!ll; Hm §tfu-~ of th@' is~U!'ilr~i !Bifid 'IhQ way 'rnl'!f1nuta'1 s~~lifLent$, ~~ b~~ ~rlmil;li~ri~d. lit i~ w~rlih 1ifI~f:lniI'il9 ht'UlI~ OI;!IJnll11li'~S:lOIil! W'immro :S.Qm~ conn~~I1!~~l (ltn '111l11li bnsi~ of Qiu.aliffioo iDpiniiOf!l 1fn@llIIlfon~d ~Il 'U1i1!1ill" aud~r:s, 1iE:~Qrt il!Ind ~ni~i~:t,gd l®flfuro~l!IlI~nt ~c~l~ :i!iI£laili1lSit :SQm~ oompall'i~ as wallL,

'T~€ii supaNisiDl'iI a{i~~[oo, of IC~D also, Snr1il!IlligU"till!iiidl ifliDfli:€:ming ~Ilt o<f d~c'IM€ldl divid~li1Ii;:d all 'limEli b~ ltJ0 issuG:r Q~I1fIIP~II:flii€~. As ,~ ~su'lt ttQlli:!!2i!'1lC)f o1f riliijflldDI<lIy~j]-;p-ayrrtBrr~, oW d~lBf€:dl divid€indl b~' 'I.I'LO compmJii~s h:;.s b~~1!!i mill))l~ed :~, :;.'l 9~at QX~nl

lit iis; aLso. Brnillllllim:d 'WtJJIIt:I'l~Ii" i~$lIw ifiQm~i~$ I!!!If~ Ci'~JmI~~ 'with 'Ilin]: !Elu'h::l'~i:n~, on c.orp~kJ: 9OV~WiIl~Ii1IOO 'whcl;)h W:;IS 'is~oo by' ~ COliflml~[O:Il 'f@r !Qni!N~IiI!l;dn!l1 1~~1u ,~g'!,l'@:rnalloo ~n~ 'Of 'Iti€li iS~I!I~r' !~p,mr~~


M.I1ual ~~i1 200&.07

at ID~nptl1m!JiI

NJj~

1 A1ll!d~edl mandai !3taremeJir~

Sllimn'lllrj m iildJuiW; 'taken! tlIlf Ihlli' IComm'llis!Qlll1.

a) Re~:e1itf.G 10 Enklr:caiiliienI: Cepamen1: fa" lUing aJ:i~n ~fif' iilD't mmmng, '1m: a iJdiUidl fimartIia'l9fBt.ernefrf~:

iii) M~ ~nBtigi!i ilJim ,flill~ '~nBlOOiEJ !!im~miilt 'tl'ilJrrn Ihe OOf1lil.Pfiiiires

2B

c) RlefeJre~ te ~eflt rlepsrtrnilEH'it kiF! taking ,aG~n~ qain5't tM!:ie OOIIil~ies whooe .na1iolTll 'We.re 11101' afL~s.'faGfuf"lJ.!

Number Of' -

ic.",O:I1tfan:18",9 ...J

:2: Ulil aOOlted M~~ filn~l !!i!ate~b9,

8,) ~e~ ~D Enfui'OOIiIilBnI: llepariment Mr' tding :actaDn ieI' IiiIllt: 9U~'-ttIl.g me ilijii. ailldi~-ed ~BIl ~ '~mBi1ciaJI s.iiI'ieiill

21

c) ~~"l® ~ent Oe,pEiiitltlilenUo[f 7'

l.8~ing ,Bctmn a;gruiMl~:lhQOO mrn,.anlt~td ~

.ne!Joma, WEle not acoeptable

b) ~ _n:iL~!J1fI, 'fWrnlMe ooflijliani'~, fDf' not ~rlmg '1M~ 1111 IM.1Idited h~1fJ' ),!i:ady fi'i!i~J r5fBleinel1lb!i: :a~lngi 't@ 1EI~li(glade5ti Aoo!J.ilrJlli~ sta.miail'di 18J\~34,)

Jl1

'3,

A:ppoil-(Illfleml: of ~Jle tubt.Qy 'ElIII t&lct

a:) ~:emUan ,01 ffiIIdltur ~O'i ,B: oonsewlh!e ~ye.m:.

2,

Aw:di'(l! 'liJsual reoortliiiig GfAGM

Sl~j,ile{jfi'je~ m dl¥t!lendllpa~lillIE!nl,

b,) Re:e~ lo Enroroefifilenll1epadiineJ'I~, (or 6

la.~lfi9 ,aC~.r1 agalloot 'Ih~~ ~~nl'~ ~~

~na~of;'ls, wele oot '~untJ ~lisIeclmay

b) As:}t.OO ~iilit!.lQiffi fmlr not 'WkIilQ !COfigt r~ 1he Cornilli1i~ •. - &aS9' oJ r'&emUoo of e!wdilQr fOr' ~ :QCi'I$:eOOili'lle tiirr:ee yeaf'$"

Rell!B iQ EIiito~arJilafill: [Jep;artmefltt 'rhr taking ,sc;ticn fOf' mc1: %ohf~ MM

a) ~ .netlQf;'IJ fkim li'Je oompllni'~, fol' no t ~w b 1m I l1i IIlg III e to! !J,tteD \l I $ u a II iie 00 iid"mg of IliGM

e!~ A~kem .nallclilJ 'riorrnlfie 00 -. nle~, for not ~btmlWng Ihe :i'i.atemE!fill' om '~lderKI paym t

7

2S


4., REGISTRATID~N

,All ,markElI int~lirnedialies: iEt~ed wlHl U~e 1eap'11~1 IfIlIIi~,kel ::3!f€!: [1Jli:q!JJIired to !be, nie;giste~ejj by' Ill!ie, SIEC r'Nlmtc!!i IUii!~' Comme!SrM 'bo dls~rge! Us (f'Aii~19!'it fruricUons; mG~ 1e'~-eI,Y.

~si8u_3:JI1!1m IaiD1ld Ri:iriewa'~ Illl Sto~k Bmkl::~~meQler lRegH'str:Mlorili icerlitfil-eale :

CurirLg Pi' 2'000-2007. j'iegl$b;a~tln ,~ncat,e ii!l$uad to 2:1 li1Ii9mbsrs tOr stock. a(i!l)cha!r\ges 'too, ad as :stock ib rdlm rlcth:: ale II' land fEliIl1l!fl1Wf:d1 iH8!1 lmI€mbers'; ~e;9!lis~lf:a1iil!l.:n ~rim~tes: 'to opelf:me: ~, S'~CiioJt:, til1oker/d'eailer under :S.e~y.ri~I'e5, ruld ExdlMl{t'!!I Ocnnml!!l~rm [Sto~: C-ealeFJ~ S!oClk, Brok~r alma Allilitlillrfzed Rf!~elllllgtive!] R!JJI:es~ 2.000.

~' $MH(je ~f!jd Renew; ~ ,i)f Aldhorl~1 ~J~f!iU~i'il',e' ilf.tegl§~m~hl'1!I1 Cen·m~· :~

The i3iuH1nrniz,,€d repres.eFlbil,tiv€~ r'eg~s1jlfaiion; certiliCla1.eso welli€i i~su€dl irm 'favm 'of ,431 a;ppllcSlnt5, and renewed 75 Slii~~oriz'ed iJ.eprsssfitenW'e re:g~tlon oolim11lcal-e<5 ~' the RqPSH,tilJi1!i! DiElpmm6l1t.

~'S$Ugee :E!lrnd Renew~~ ,M lileJosbrry Panie~Jmt l_gl~h~I'Qfi 'Ceflllil~te i

DuYing 'itIB ~d perio!:!, ilhe COl1flmiS1Sinn 'is~ 26 :2jrmil I'efBrN8d '~!51i d!Bp:osi:tory' paflictpalm: mgkilmlkm ~M~t:§Eii YMl~iT [I'~f)Ot1.uOr:!f (U!!,~ Rf;!!J~Ia'~I~ .. 20m,

1M11!J~1lIl81 FiUIIi1d1 :

In !BSHl1Ig aaasti1 filiJUlIluaJ fUlIrhtl's ,~S well :!iiB any ~, of cdlecruJv,e -iilEiSltnnernt sctleme I~ ~quiroo '1:0 Ib~ rngismre(i by lfuJ!lli~ ,SEC:" under ~~c:urit;iil!ls! ,llBnd! Exehang~ Com.nrtiiS!Sion (MWlitual ~r!d), RfJ.!Le$~ ,2001., Tc regl$;1!er a rrllI'luail 'fuind ~ PSJ1J~, ,all'e ~ulred vi.z, ,6,p.Oilil5.0r. \9j5Sel, ~r~mlgil!lmiBiIt II;IllJi!'l.llaFJY ItA!MC~ Nus-IEel ami ,cusmdj~rru" ~~Olills.o:f$ ~liO\1'idi!!l: the :~e&d !iI1I@fL6Y' :am ~~Jnt :asset m~!i!lag~rd oompany. CllslodlaLl1 mdl Ir\!!s[\ee'. Tlms(1' ~$O ,draft ~ft!sl d~d as IP~~' the st:i'gllll~ii'o:n of TnLI~t ,Act; '~~~:2;, g~l it wtted by fh~ SJ~;C ,~lmd ~9DSb;:iSi 1ih~, h~t deed! under Reglahlion Act '~008. ,AMIC" CUsLOO iliff! andl TruS'tee' must, be, ~lllstelied with sse ilil (lmer 'Gpl dJsc'h~.f1Qin~1 ~It~i'r 11Y~speclW~, 'ruft{fiiollS.,

A~MC 'I.~k~ Ibl1e Inves~ment ~eciwii1 0iF 'the, lfi'i~v!Ja1 iliUJ'td in ~OC:()f.d~flO:e iW1th Ihe! ~~je(l~lliie~ O'f 'H'LG m.uibJar1 rurnis';, ,~di~1i1I ho'l~3 'lttO ,S€(lllllriiy' ~nd 'Irus~ ~n~alll!>SSi wh~nfu!~r AMC' and Cy.9;'tOOIat]1 ~lt\i.e been acUllQ ~Im aclffiiel\e!iilCle t~ I.tie. 'trust ,dee"l ,iiliidi fJieq~lremefna, of Securil[ss t:3Jld E](:cilln~n:g,l!il~ CGJll'ilmli&$l(Uil (MI,J111!1~J Fundi) R.ule~\1 :Z~Ot!l ~ AlMC Ih~s to, 00 mjpl lJi!' with irr'ie'~lIfi-iliifit 1il!!SllITlc1!lons Impo:Eiedl bj' lI'Ie O!liFlllf1iIS~Omi.

1ii!ll'l.O\llll1l€1 ()o1illl1llili:ssiiOni ii~lI001 A1ss~ M~Ila;g~m.€Ii'It R~s~lmli'o:n C~rirfi(::iate b1 'kI,\!1j]i~' ,of I DB A'ilis:st M:arta;gement CQi'Iti,peiiifY' Ud. aiM Asset :arid 1~~lmSfit Man:ageiliieiiilt Services O'f B'!lllrigJ:§I~~i'!1 Ut;!I." ito ~€oorm ,~s; ,.A!MC. Up '~iJ ,J'Uii1llil! ;3.U. 20'1)7 'lina ,eQllI'Imi$s~Ein ii~11J'Qd r'egiEllf.ii!Llo:Jl cerUlTul.e' ~jfi! ~laVOf ~ l!it~lme-nt Co~om~iO:f!1 'Of Btti1-Qlooesh (IIOB), Ehmgladesh G~Im~~11 1'1lS1IIrnIn~~ Gom~y (IBG!~) i!ind 3~m~~1'i'N fl!l!illd to IP~.1"IiFII ;aSi TifIJ~~~L lin thll :a,1breseld period '~he' '~iililm~sloo ii:lpptClll,i'.ed '~he, IDst ,deed 01' ~CB ~CL IFlrel NRB MWlb.lm f"1lli I'! dl (oIDs!ad~ndl" uni:lit'!1f 'Itt€!! ,ooft.l:::{lf!!ll!§dl !Ui!!1ls" IJillirifig Iti(ll ~sajd 1j)Iil!r1od thmi C~f!iliS'SID!'I 1iIla\ki a r:equ liemeliill fir AMC- to ra~poii1t, oom~li!)iiii~ om:Cer' ,elso,. At pre se tll, t4, clo!ile,dl~~ul(ds mu11!11a:1 'ji.md (inr;'lud.ing 'MO mLJ~lIa'i tfu!illds th!,il ~ffl l!1iHl.nq~d by p:rnV<!J1Q :s!llldo:r' ~5@'~ Marita,geme-rtt COmpaifli~ [AMCJD W'hi~h :am' II f1lJe dl en '~lTIIe! si-oci!;; exctliang;e'Sli. ,Apart -(rom 'lihe iafo:~£aj'dI do:~dl-{jn(ll wnlls tll~1"Q a:~ tthroo \!ipen.-@l1Id' mlJtu~11 iroJnd~.

M.I1ual ~~i1 200&.07

IM)EiI~bant lBanlk :

lM~u~chant Ib~"k Ipl~, a :siI901~caf!t mile I;!i$ !l!Jl Inl:4;lnnadtary ro 'lJ'!s ~~ital m;ark~t lin IBantl9ladesh 'hhey ~1I1!l [ol\l!i klwa tm~~ag~!1t w!Jld~!j!1g ,a~d p~~llll m.ai!lagamEioi fiuncUom!!~. U "d~~' S!l~YmU_ o;tif!dj E)OC:~a.f!g:e ('.joJn!!l1![:s~o£1! (Ms!t;hfllm, Saf!kl!!lv' a!i1!d ~rtr'O'l[o lMa~a!g-{!f) R!!IIE!S~ 1006. 'lBII ~e en!ljl iI'}~ Jurt~ ,ZC{J!7, tha COfi!!:m'Is<s~n IGS1mti !ilQ,gl$lliaU-oo ()~rnfl~~ In! -r~'it~r @f 29 '~pa!i1!ljQ$ t'O, IP~IfifQrm a.G ~!'(llhal'lt bar!~@ms~ AnltJin1g 29 Im~!1>d!~ftt banl{{ilr.Ji, ~ '1:1if-i~-rcr!~ as ISlSI!!Ii'Ii Mai!!ll:gjg,Ei'J"j, U!i1!I!1I~mI~r :aM PQrtfdlf.o Ma~!li!1l~. G as, II~s!IJo I~iilaget andl ~ 00, Po-FittfOlio Ma!iil;3lQer,

iClJIi9dWt btin!J Cli!!lmp~Ui!' ;,

Clmf!t! ~Ur!gl C~lllf!p~n!Qs, F!tu'I~s" 11996 I~~IJ!~S ~tmy ral!r!!i]1 fi1' a!1 fi::i~, ,of' ~~ ~ ~~~rlIIE~'. ~Ilt>s sha~ ~I il~y~ 'of sJta~$ ia~ ~~~Ym. C!i'€:dit, ~8U'rmg CO!!l!!f:!amty ~P_S£$ lis ~~r~J'! '1.M!'n\!@h m~ni) :s~~, oor!:jd~rI!lD tt!~1 ~ro~bIlRy' of 'U1e T~II.!It!:i~~ raI~II~' t'O Il!1la~S tlm~ly [~pa~t of' I4'rtlWr~1 ial!ld :S{liYitl'ng! Of' illliitIllrecsL ,~I~l-:~kI:di :s~ct!.I'iiIJC$ :aJ'so ~~,ul~dI to 00 (l~1h I~~d. Ba~gl'ad'~sh IBank 1119's 'lfl~Ld'~1 f,QDIDIg iof b~nks andl '~a~ 1M'.m~oos mal~.

cmdt~: rr~Jf!g Iplay,s an r~rtbairJ!, 1mi1~1 ~ 1jap ill1!~ll!i~rv~: 'ali3cJs:I~f1i cmdl~, li'a~f!g I~'ij@m;s, 'U'La I~~I ~SAatLiS ~f a eo!ili!~ny fm1WIr!91 eollIi!~lfI,t$ 1\I!l!alflcf-a] s~t,YSi i¥!f!d ma!'1ag!';1:riITQJ'~, ltl'frllcl~I'!"c¥. The 'Clo!'ll!!m!i6siElf! i~~®d ~@j~U~n '~ir~J'ti~'C<lkl[ im! -r~lvor [ef C~di1l, Rating l!Il!kimt!~~mI ¢l'f!d S~~$ iLt{l. (CRJI8iL) and Cro!iJi1i.l~lil'!gl A9~1'I~ ,of ~ladGlS~ LkI,,(,GR.AB) to op~fJlrn' ,aiS (l.!j"lQdlt ma'~lng ~g€ff!;C~ under ilihil Cn4Idit Rating ~!11P~Ii!~ Rul@s. ~9!i96. fhQ CernlirUssfoo d]rl~otOO ~rdi ~~mPr~.f!i~~ 1'fll lcomply ~h I~h~ c~d~ ,~r I~Ur;:t ~~~pa~d [by IliIklmaU@!i1!~1 Of9@"~~.iQn of S@cu~jt'iQS; Oo!1'!f!1lis·~IQn (IOseO) t,o ~Tf'1 <lU~ ~tir!g ac~viitT~, w;illl ~~Jnsl!l~~Il1I~ The: Co-mml~sk!1i1i al~ m<Jr1Ii/;I~ ImIll1d;;,klry fior- th~ ~redit ralil'llQ OO:I'Il1P~Il1I~s: to ~ compliance, oKtCer 'For- leifilSL!nn,g oompliltilmloo wlltl! SlEilGLlrftlJes ImllS.

b,steG !~'AS~Ult, B;u:t'It"ed Se:eprifity ~U~ :

irn! ad;. ~o 'blIt.rt~ !l;It ~~batl~d :~C\Jl1lfr li~slm1i1:m ~'I~lUIif@rl um:~~rr ~uri'Q, and IExdll;'lfI@@[ C!l;Immissi(ln ~~~. e~L.~ S~OI,flily ~3lI~[) Rul~~~ 2(/1)1,., LiUliili1i1) Ilm@~ (I~liiod ul1ld~Ii" I~i~j' I.hlli COlmmisSion i-ssym ~gi$lrna~iilWll '~il#-~'m in iFavrlr of Bi!)ng'llI;IId!es~ G~ru::l~1 I~u~n~ ~m~! andl ~ ~, ILKIL t'o ad, ~s '~~ !l;If' as~,t tJ8~1 :~~1IY. ThQ Coi;nmlss]on ~_ ~ 1ifI!lf1d~~Qry' to ha,~ ~i~Ii1U~1 [oific~Ii" tJ.y iN'If;l! 'm.rm@ijl. II~ TE: '~ IfIOCIlfl.'mrI.l"g ~t 'm!! ~ end ,af :0001 title CornimiSiSiQI!!! iisgulXll ~i~Li!l C€i.~~, i'f!1 'ffiV(lf" of IJI1\i\~!m~rrl, C'OIiPO:ICiIIJ~fI ,of B<llI!r\!;ll;!d~f1 (ICB;).IBr.Jn:gl~d~trI ~fI€ml ~11S!!'ulafl~ CflmptaP.il)l' (8G'IC) antdl E'aS'be:fIm B~mlk Ud. II.!flider ,fd'oresafd rules 10' pelion as· Ut!!;ileU;11 o~ ~et I~QbJtl 5eC!lrity.

In~sllfiain~ [ililf Sle'~l!DlIiiity !!C'usmajl~n lRqi'sh1jQI1II [CG!"Iillfi~t9I :

lR.'€ijJl$t'ratlon is; f€tQUllIQ[I I!11l1Id~ '1110 S~cLll'iti~ !lim:! ~)OClIru~n9111 ~$~C\lrity Cu$tod~ $~NTt)@) IRul!il$I! 200lli 'io ~Cit :I§j~ ,I§ :S~(llali'frl:y cusicldi8l1i1i, TtL€! ODllIiImi5si~n issued ,~~OlIrib; Cll!lls'todi';;m Iregi':s~rn1irDP.iI ~€I~tEl: to :81tl1fulalnjl iGhal1E;I"ei:l Ehm~II !FLOriA!;, Kong 8h~nglmi 1E!i"ml);ing C{!IrpDIfa1!fo:n 'i!!!m:ll IlD:halQl Bi3f1lK Ltd. Duril1g 'lila lPelri:od '11It!J6! C(lm!lli!is~roo T~su~d SlelQ:UTily cll!ls1lDdr~ ~,gigb:a1j'ilJn oortifj~ ilTIl fa1JDf Qf' Sooth ~118~lliIk Lkll" Am !3~l~d€~1hI IB~lliIk !Ltd. ,iilndl IlDLC O'~ eSln~lao!eS'h.

"lIITm,s1oo ;Q'f' Miudara.ba, Pe:rpetua]1 Bondi InSiSllQ :'

S~wmiiEljg and Egd'!'.lfl(J:E!i Commis-simlll liiI~s at:oom'ed perrn'issinn ito II1VSm.llIiIilmt IL:brpmatiDni

-I. iiI""""rII-I'"''''''''-~ h /rl"iCl1\ •• ~ ",~~, ''''s ... ~ .~~~." .ti..rr ,II&.." -~ "!'l,n.ni'll i"iii'l[ m'II-Iu.-n ii~' •• ..il".""" i.. . .,. Pi-: ""~LI- ""'I' o""''''dlUll ~-1;1iI"I;tI! au~ J ~l 1J....rl~, lUI !U:!A D I Ilr!ll..lZi~:d lu . !I.IIl~ 111I'!._ OUUY_1!u!!i.;J." .. IILII." IllI.rU;.u~!I',"1tWLa ~I ~L_' til I ~~ I. :

m Islam~ IB~n1!k, IB.~n,glad€&b ~JmlmdL

Seci.tn~es,:are lis'led C!fI h l5100k exdltIng~ by 'llifle rdll~'i9J WiJiY ss I~ ~!ll ,5eCUlliiUe8, 1fll:!1as :' ,..J lihm!J:gh IliiImaJ PilibJc IOffering ,~IIP,O) ,as per' 'the Secwritie$, Sind ~:wha~ce

CO[iiJlII1iaeioo l,ruL1lIt<:: Ils9.ue) RLiI:e~, 2006.

,...] 1il1mLt.g1ii ,clirec~ listi~g .. mc'er t'lte DSEI'CSE Difeli::~' lLis~lng Rle,giLliBitians, :20[18,

,.J If U'le Commis.5iCi!fI con~dars, Ulat IIiE!tin:g ,of cei1baJii'fi seoorny i!l!, riEces:salY or e~peiJtei1t, rn ~he P!J.!ii:! le iln~'S~~ 'limen, i~; l!Jire.c~S ufittefi' i5eCtiOOI 10 (if S'elClIliriiias m;;d ~:«:-li~e Q-dine~ce, U~69' dle rsl'm;i!;. e)rdllen.ges to lis! il~

IPiJ.liti~ic iSEi4ie route ia, re:(..erei~ by the c~nies Itlat fequiFe! addiUoifll;:!1 'c:El\P'i~l. ll!Iirecl; llts~ ts avaJiI<ed !fir by '~he~ oompan·ea, whosei e~I'sUng :!ilharehDldars: want ,to IdI~lJ05e ,oR W;h;(!Ile or pettlor lnalJ' :9ftaret004d~s ,i1iIftld '~e' Mstt me1ltioa is rap,plicaNe to Iilose' 'ootn:peiilies 'that lEire lriOt wl~linQ !Wf '~lftIeir '~Wfll er 11!:te ~~.ct: ~ht~fi'ilge ~ lii!o,t 'Mlli~g 'lUJ riM hut, tile' ComrnlssiOiIil r~~9J expedienilt to d:o :9.0"

IDLir1n,Q H.,e peood ltmeii' liieview; i9 cormpafiie~ aflil:ll 1 mutual 'l'ilinil:l w:Em:~ ti5t:et1 wiwm OS!:, aniJ ~, loorn,j)aii'il~.s, 'we 00 li5!OO 'lUlU'll eSE ~iiiltsns ,of W~to.ti am: given il~ lIle fo:llowingl taJlllar.

1la'bI, Df UsG'ng

mSE CSf;

~H Qqlta'll (inaka .10, MUllillIl'II)

8~JIlW!'llde:Sh iftildlllSlrni~i IFi~ElnlDe iOI:ii!flilP~fiiY ue.

I

I

J1i ,.01 J~7'

I?rfif!ie riSlamli U'e~ Inslll~anr::e '©I:ii.Udl,

12.2,01

,2~,,3,01

,2,0.5,01


M.I1ual ~~i1 200&.07

C!l)lf!para~ ~ldY!ie or '~l!!!rtU9Si IrsUng nn 'l~s e~chatr1flas durl!liig 'lhQ I~st, t~ '~!'$ a.~ i!;l~ [~I~:

9 ~,
U~ 7'
6 ~
'~O 'UJi
8 ,3,
4G ,:28, A !"I !I1!ll! aJ ,Report 2D~6~7'

S IlIlIf¥BiUa!li1GeI D~ ,Si:C\!I~1h:fiI, 'QiiltiDllIsaGUillQSi :

fiIJ. ens.UFe~ iflvestor IPI'CdadiQIiiI 800 ~u~m thiS~ itl~~rU~ of time ~! 'limB iCorniIlliBsslOO fuI~, ,8 OOIil'pI'e~~hSi1re suNeilBa,Tttle ,StysteJ'lIt. 511]01);:, ~allilgBs 3reI: '1I'!i3: primBr:y' resuJamfS, 'iftlr ,ClE'&mc!lTI! fif Imarket I~Pldatitm" prim rngg'iffil,g mid OHler ~u!afulfy ()reoone:s. ,SEC: Ilc€ep.si ool1SlBnt, 'vigjl on 'uru~ ~ oj'slt.d£ €:Kd_:es 'to leTlSure~ Ieffi:.me:~; off 'Ill€!: !SiIlIli'M'.eJ1Im"1oo :~liSf,eIli'" S~C' 'l,!,l'i!M.ttres 'HIJe Imarket ,ooJV~ilimice iIIlJtrugl'!1 Otiinl[rre~ ,;;lIlflId 0ij;,11tJ€~ :suJVe~ ~m. -

~nSjp.edl'ollli arnd IlrrIv.es!i98~ul!!I;1'iI :

The Sl!Jli'V€fill!l!llllD€~ IDepmrbin:em: 101 'the OD:lilImi5sID!il 0000 !lI !:is. oo,·I]Ii1~~ !lind aIif~ine nflame:l slJNe1Hmtre s~ Ito find ~lflj: vi~n of[ s~tiiills related L'llliW fin 'se~, ~ding! iB1Id mso m !find out WIlY' ii~g!lll~ml~ oodl aJjf1C!~iif:s in seaJril1es trninl8a~. ~ ia part oj ,t1r.!i-iiliila~ 8unre.l1fan.Gej full!! !l!!U~lIBnce tdlkeif:S wa.tm 'iJrJe daay !See:ulffies '~j'L~'GEjomJs thFmllglrn lIlOn-, Uadillil~ vemioo ,m !s!llIn¥e:'il~ !S~ a-nd~ at '~e end of di:llily traJl~D:hS, 'Dill 'the ffii)i}ffiI::'lilllges! prep:il'es ,a re,ptOrt ~1EWr.g :SlIll1imary' m d'iiJy' rsecmrues alfrig~t!Iions, ~liId !iitJtltli'iIiiI8J ~ing'l if iIiIllY~ On the. ~ hand! iBiS 1131 pgjri m C!t'~til1e :3uJV€i11~li'fIoo. the :stJlVeiDaI1oet~ o.ftlite'fS :aFl~I~~ 'llme~ imiJ~lJn fuM, ~s: oo11'eGterl- tea:rEiii:l~' ilt]1JiD!llg~ !llsiFlg ~ C'0ffJ1iiF£i~iQI!!i~5 off-li'ne: ,survei~, saft.w§.re ,~SiEcAS,). tIf det1ited iim.re8fig:a1JOn is, !ilIeedied 'Hie Dellmlmenl pmpD~, 'Eo, 'tfi1er~ C'(]ml1n~O;I to 'i:XIf'I~ an ,ermqll.Yil1t' DllJtlJrrHtee. I1f i8Jiji1' vI:~1iI Of'securifjeg laws 'Was 'foulild iillil, iIhe !9IiIq!JJi'.y rrepori: iIltrerrl it ~ !Sem: ito 'Iii!e~ Entrfo-r~t De~:1Imru3rn1: IDr '~IrltrEI !flIe!JeSS'Bry anm!lI1"

1B~~i:d'~ ,3IJpeNi~i'1l9 the ,deposiii:o:r~!' pi!il:rilciipallrl.-s adfi!itJes th~ COrillllil~SiS!DIiiI has ifiurrlilrue-r sbil:::rmglhen~ditc8l !S'J.uveiIJ~Il{lg: adi-vine:il! Ib~ daiDly rJOOrrteit I'I1Oliiml'ililg! ~!lIf!iPfliise. ¥isi~s ;and! re..gu1~r rnE!tmitrr~lf iin~pl!:::~ciIlh:m 0"1 :S!tock, I:ro'ftJkelil s~QC'k: di:im!er Offl[I€!i. As IIiiI msu'lt. 1Iire bl1:terestlof illilVeslnient in !the c~pmIllm::J1I1k:e4 ,arrlicrtrg 'u'e ,sJIiI2i11 inv-esi:ors ,~mr~ Drnlfideflce of alii irrvest.org, illil ge.ll1I!l1!i:!Il has bee~ h,!~l'ealSi~. Sld_e by' side Ole regulaif i§ldtv,lti~s ffl future Su.rv,eitl~fl~: [Department 'mil pt~' i:3J ~rili1icitmt .mJe~ thl'O'lE;glil imprrmrmg ~UI!VEiIIBtFJre system of mpitall ma~ghvith th~' heap ,of'Asigjllil Deli,i\el:op:meliili Dank (ADEl;j\,

C'or!n;I)~T~ti¥€~ ,stmlso[iS of ~rre:glllltmmes fn :s~curi1jgs 'lJran.s-i§ldJoo~ tFoulirl Ib-y sllJll¥€il~~ ID"€-parrbn_€I'iiI~: arn:Ii ~jjj'i!]IliI~ '~hlEliil[bY iIlhe OD.ll!'Il'IlIisslonl ::agalrmsl: tI1.'oo!e 'f.iiiOJ~o:FIS, are' fiirrmistu~d ibelO'l.!l:

Pf NWillulf fI' RBr~1t ttiil 1~;&pili!lil!l:Mii lE'nqul'ty RJI~d to

~u~til:ia St1ii~ E'li:&~~s l3'n[urildnUlini

'l!i!Unidl I D!&Jiii~i1t

OSEE csE

51

''1

57'

... ' ,r

~l!iIsl!l1lClli' 'lD'ir:adI IlI;IiII ::

IMiIlEi' 'badll\lg ,amrd m'I§~liId price fUmn:lpllill'ation 11:l~8tJ~IS hU{j,iB disfurtlofls ~n l~il1I, rmo;uik.'€l ~" DIiIs<fuml'ill9 'Ila'IIJlI!I!!~'ro insmrs; :a1i:tlrn~: iliE~Il£~ ofg~IiI~~ inv~tcrf.S~ IlfiflSidB:FS 1aklll advilli1l~ge: of noo:-prurblie i'rrfunir<lliioo 'U're-y a{lIiLir~IJr prrofn illlll 'Ilh~ IBXiJ€fI:m8; ,of Iminoliliy s'harOOdrj~i"~L :SEC has: ~SS!U'8:EI !BeCl':riliss a!1!] IEXchil!!fI;Gilll! ComflllLss.ion ,~)PUlilTIlfbitii!]n O'f' Im:l({E~r 1~diI!ll9Ii' 1R:e:g)u'I:mimn:s'1 1995. U.nd~Ii" fh~ sgjd rrul€S!, il$3J,i1€f '~jliall1ii:€!S lha.'i/oBi m rji.ssemillili§lOOJ p:ri~, S~i!!lsitive imoflilla'liD.ilI 10 the stodk, 1~h:al1g~, ~nd 8ECwh'irm :3D !i11Ii'm,.rl'esl m ibalki'ng de;;iS'lolil! or ImoMl1g 'Ih~ infumurlli'!im §J1d is, m,qi.lilif_ to IPU:blrl5.1il1h~ :said iimrmnmmiOIlil 'in diDl, ~p-~~r-

M.I1ual ~~i1 200&.07

S!RM~ llle;pamlllllemrl: nl' the SEC !s!lIpe~, wlmeMl~ c~~ilail m~rkcl,felai:€dI ililrb:!llf111edialiie91

.. "" .. i.". .. I. "c~ .. •

10000000in{J! S!tlit.'k exOO.m1lQ6S: IB::rn ooinQlittte]r 'Irlillilmion:s aoocrmin-g to ,se;oonijes: la'NS:. Be:!lildie: 'U'Hs

'Htre! !SiiiI!(dBpanlililent alia lFeSoi'lifea 'Ute {iOfrflp1:srints, r,ece'i~ ;lilIg:liiin:st issuer ccmp:ante-s !J.!ifiOer thel sewmies IB'WS. The fllYlliIebions ,of S'RiMlil1l are en III m emte dl beh:J'I'!l:

IBi.. Mooittutlng il:h8! dedl!:;r[;alim o~ 'B;B:3e/IJ!.rffilla8.E:init:der or ,5eoorilies Itrf 'lile spoolS!Jr

ldired:t!r;Of 'lfle li'sfea ooiililp!§nie:i.

n, Mooito~ngl ~e posItion IlJ'f mootnly tSllem.tuJ4rJirrg oW ,~POi1s(!mdlre~F5. G. Moru~ornn~ diSl:lOSlJife' ,of pOOS!1 SBi'ls1HV9 ilrrl'aiYlil8~i(jtiJ of ll&sled: GDiTi!JmIies. dL ,App i'C!iI.!',a II m shBfElI 'ImnsrB~' o~ listed lC~iiflp8ihies iJlllit (If'slJ:Jdk: if!\1(OO'8ii1)lJ6S"

e. MIDItitcmiflQ ttfiB a c1i'lli ru:es, iJI ,sr'JJck, eJ{.ctr;cllng:~s e*.CieJl'~nQI secH.iit'fes lifEiFi~M" [ R.eQeMnQ) am ;adicmssing of oo~plmitit5 on ,i3Ili1Y aDlWities ,O'f lfIa iOOilJi€!r ,l5Iima

IlI1'teiTliledrarles, ~(f capitalmarlre'L

Diljnfltll 2006-07 ~e, 1Drowfflg types of compJa mtG; '!Were loo~etl with Ute CoromhJ:sfOFi ;Biirnt'd rmea:sil!l~les itaikan IJ.-y lne COOiiiiFii~Fi :

CO-ln,laHflitS Alanllii5~; Uswdi Com,panles :

~n ~a,'J{melld il},f debeliifblJire' iiii5'~lii!lile(lt

7

Roi:QlYaid Cllllrlng

:UO~!l

NQ('i..IFeGelpt oW lefter of InQiTIrl6: :shRfe:

Il!Idw p'I\OCQa! ,R6'fan:Dd far ElrI,fbrammt,

Ad.kiJn

1

1

2:

I ROiGyad
1 ~
I :27
I 1
I IS
I 6J
I 3
I 6
I 6i
3;
24
,12, 4

1

IN4W1:'ti. ~r CGIiI'IplDf:nb R~el!lled Ull1dlr RaI[li'lTOd '~cr Roso!l""a!l
Durlna :2OC6-O~' P,rocus Ehif'miRClimlnt
A~11lon
Noo dalivety or atrBlFeS 2 ~' ~ :2;
Non 11J-1J~111: of ~lrel1tei iiOOfi~!i 4 ~' ~ ,4,
~r of' S'lliliilee, in 'I Ifii a, s '~ ~ :3
link eo ;BOOOUi'lt
M100a~ane~, e 1 ~ ,4,
Ttn~1 115 1 ~ ~3 A !"I !I1!ll! aJ ,Report 2D~6~7'

Oeposilory Act 1'9Sgl Me, le[gitllmizedl e'lectron'lc lregle.1ry .of securities .. lIlese. h.~,gl\\1iI;erolons Iha~ 5ubatallll-aUy' cllang,ad 119~~1I '!rvtlJch g~ern the OIItn9Iili!h,p. 'tramfe and pl~ or l~umll1e$. NIOcW, '~e liIecrmtls Q'~ :eecllJlnlisr;, issued aJ'ie n'LaIDlmeci In ~ ICefuml DeposUo!"i Ban~la~~n Ulid (CCBL)\, IfI'fI order 'ro sm~ Q~UOfffl O'~ centm~ d~~~lIOl'¥ H e ~r.o~akl ,act ~, bei!o~d ad:eClILI~teautl1Qiiil~on ~~ Clt!mm'laslun 'fo' ntl(Onfto~ ,'the ~dmJffflrsil1llilon oW tl1e, CDl3t lIrlongl wllilm ~n!l!l me vamu9; ireea; C'~ 'me' tte;poeUory oomlPan.Y mrmJg!h 1~9'1JBinca iO'~ lre:gul~~IQ:na. After ~liie ifffl~rodliJ-cUonl ~ electronic: r·eg Islfy o~ :e!tiaFles ~nfiOugtii 'CDE!t '~lianl5lpa;refi!l~,Y rill seC!l!!riti'es, 1~6iU!l!tUl00. ltr:a;dlFig :liiiiildl seWemelilt lliI:arve D§lfiiI Ilncm:a'!iloo leignlllcantly and ,~rtl~i11 perJ~dl o~ ~ecumllie$, l"Uil51actiomJ~ hae!; ~6.0 bseiili fe~uce-d.

CDS Dapsl1ment exa!'da~, ,ove~lght en 'lime i'uncliorrs of Oel1tml Cel=!~lio1y IEt~n(gIEideSh 1L'~d alfid lO-epo;sUory ~p-eiml5 (ID~~. 'rlJno1iOmi5 01' oonverliflf1llJlhystcell 6'11eJie oenJJfic~s Q'~ IIi5ied c:o.rmlPall1ie~, linil'o de:mat'efflia:iizerJ 'fOr.rm. 5~peMe!.'EI~ 'Uile i~stJa.m:;.e ,of :seCt) rilie~ In denn:a;{lenalized 'fol'ffiTl, nti~fet :t.ind :sl ,oll'ler ~iCie'.!i!, ooncem'IIi'iIQI seoumlliee: ~remii:t.iCItOFi li.iiiiiJef IliiIe Oe~i»ry Act ~ 99.9, is~.u,~ Direc~I'I,i\ee;! Oi'delf1B, ooii1i::le.rrdn.g CDS"

OUI1iii1i) ,JuIV 2006 ~Wine 2:0:07 n the, 'r.omowlng 1:4 CliJfifl:]mFiie'5 n~ve joiflejj OemrlmI Cepo:sibllry' B;tlnialedleS'n W.[CCBL).. At' the 1900 0.1' 'almis, lpe~lioc;J '!~e! t!iitBl iiili.!!flnOOi' lof croonpanies :and MilIlWial IFund uMe~ COSt Mands et ~ 118. In lOSE' '1.r,ii.ii1il~el" and ntiin.~ .of most of :the :~~il.iliillfe~, am, now ICUn!iil in ~Llto(ijjJ~ted :8~bi!m !/!ememtillll~ed! "fmrn.

1

:2

:!:!l

,8

11

12

14

AAft!J)a1 I\epg-ri 20Cs;,:C17

Uni!ler 11'18 :S9curilfQ5, ~W,s, ltIe (;:ommiEls!on lsi em:r~OiHererJ 101 ~1'Iilp-!ose :adlifillnJslr~,tl'Ve :Si!iJ'lcU0 ilSi ~J'id slso '~:Ol ilm~a pe!'fiiiiJHes, IP~or' to l~~If1g m~$!i!~es" SEC: frill~, due ~iTOCeS's; ~1!Ti£iil inciLW9S ~rryiliilg out illlilsJ~ectioliil and ~nqMI~. I,F in h Elflqulry It Is ~ound ~,Ila~, h p;unllivs' m~~SiYIT!eS ~hoYkl ~~ '~a~ellil !!t9a~ns~, 'iJ'jf!) ~e!~n a;galnS'~, wl!io,m ,enq!J~rvlili'fl§J~a~U~1iiI ~'i@'~i oonch!!cted. a '6how cal!!se no!fce is' l's6U:e'd and I'F re~poliilsa Ito the :at!ow cause !1oUoe' Is: liiIot ~uS'raO'tory. UTI~ QOC\lsed pe~n lSi pl"O<vlJ:!'ed wUh ,em ~i1\!nlly O'~ berng h:aaiid a!nd '~fiaJlI;Y. en the haJ5ls: of :s&ve~tly ,or vl~aLlcn '9'lel Oo:mfllill~~omJ ~llIiJElt Irnposas admlhl:sllrativE!i :safidloilSi ,0 impOSle pefian;y ¢~' ~OU'iI, ,A$ f.!« :$$CUritrM, law minll'nYm ~efiatl:y. ir' CommlsslOfi de~]c!eG 'to, l~fl!o~" ~s n. 1.'OC]1 lac af'td li1iIaXI~ftUm 11& Wlilmlted,

,Iii. Ibmlsf 'descrlptlcm 101' actJivlUe6i of Ita Eli'flflDfc&m em I: Depa.rtment during ;~Illa' FY' 2l'DOe-Z~m7' ~Ei; 'tYm~~el!:ll be'IQ .,

T~e! 'Com.m'IG~lon fm~ose(j paoolly ~jT!J tUlle c! Irec.l:ots olF ,~2 o«mpanlH iro~ 'v'iolai!lofi >of' ~eCll11tlas ~.t.E! Inks·, non s!J.!bmifssloo ,of'lhal'F yeElir1y :amid yearly 'mnandal :staternellll:&" fallufe lin hohtlif;ri!fji ~nmu.!;all !j;enaH!!1 melij'~I:ng. tl~1ir!ig S!ncil $E!!lllng of :Einiilme Itil'O!Jlgl!ii Imi&I~~r '~~ading. 'IiMiiilcial ~~t,efil'ilIiUlis nat audl~Bdl by 'lI'!e; 's,ta1tutouy auC!iitor as per &a~!.1r1ILe5, ~~'M" nool jpe:yrnsmll '!l:!l SEC' ~~olfi1OO '~~I ~udLk!r '~" I!TIOiiFj1'iaYFn~riIl o:rl,jj~~Ii!!i~edl dM:de~d ~i'id IiiQfll dl5ClotiilUre ,01 price' s9lmsiUfiie tnronatroo etc",

DUlIring lI'lii satlt:j '~Mlicial year" the C'Om1'II1ilsstiln i6S!J.!9d warlrtlngi i:etllS!'S to 117 cOfin~les ~r i"IM ~IBalfi~ oW ~Qlifi1.ies I~~ Vl!z~ de~ Irri ~iJ~iilTikisIOflI (\!W 1mi1lf ~rI,y ~nd 'ye~~ly 'nn~Mi~1 ,5[;ah~ulfiiefi'l15. 'ralliJfie in hdlding iSffllllWlal general Iflllealirm. fiailwl"e lO PiliiY decraretll dMdemljj, ~MwIJlg 1i'e5erve ~y ,overvaiuJiiilg 'm~ ~s.$~ ,of cOiifif;1anles" tJiiiilfll 1OmTIip;IIaiIlCG v~Ii.tl1 :1::!~~ulfilliE!iE!: laiwii n I~O :sttsres dlslliill:iulioml kil oompfy 'Nfth lllillE!' said I~S! ~1iiI ruWnlIl,

Bes~e!!!n lITIe Commj5Sloo Issued dlfed~'!.i'e m one issuer oom~ 'ITorr slJlbniitrun!tll h anooal ~CCWn~: slatepll'tefi'~i bel mi £jl aLJdlted I~y !.he p!i!irmelft!tilp 'Iiron uMle~' '~he' ~atiOifii ~ 2it,3,) ,or' ,SecljJJritie~ ~ Exd"lange Ryles. '~981 as yea~ ISfJilded en JUrI-e 30. ,2liJOO,

1117

l~e ComwLssl1im i!mlll)osed p.e~atty upoo 6 b:!'!Oliie~ge lMo!J!ses, 'klr '1a~rng to oom~ U'!s se~y~ttllB$, la1NS II~e~ nen oo!ifipll~nll!ce' Q'~~I\a orchH' of' cllen,ts; for net resa~ 'It!iQ oon6dldai~e Ibamlti: ~!.I!iilI: ,andl ~f!sfe~' G~aJ'ies "ram orva eo to a!no~er eo ~IU1~:ut C@!l!'lm:l~rQJ' OO"S8!ii~. to p~~t ,shomt~le" 'faflliJr.e m syb!lTi!~t 'It!e shaire '!fading S'~emef!t" ~m!sfert ~;dlta!ii!9~ o1l"e~~nga of ,SIl!;u·~,-wttooLfI: OOM~nt W '~Jmei' pliO~~i!' ,~y!t!:ort~.,

'The Ctnm ml§S$!onl 1iS'~edl ilValifil!lll!3! ~ettars to;~ 5. ~tock broj:Ger/d,e!aIEi,r~li1iI~rchal"!t ~eri'al!!Jlh.o:rtted ~iPJ".-anttltt~SlS~e, 1!Yi!(;U'1(l,gm 'for fIa11L1ii1~ 1'0 comply wrth the dirfenan1 S'eC1!ritles i!elij;ted law.s- 'oonC!arning bl'tery O'f ;allolmEint lof IPC' sltai'ie. snon't,-sar.Qlf'!gl" r~Jllfre' 'ao oompl~ ~II sWlal'l~s sal~, wiltlim! $[]I workin:g days aooorofng liO ~ha dedar;aHoo ~'dIWScl\O!n!! sha~~o~ers and 'r~ ledl 'to reserve' cUeliills buytGe411 o!ider. stock lel;li.IJmi ilJ!'!d m~~" ,agrreemsnt ,amldl Imlsbruclsijj Utem In ~Iy wilt! the, seouril!]eS' me'lahxi mles rn rll.wre. A .e!l!!ii!1rtlary ,of ~lmlIa, iiC~riOnS, ~, fi1!tm!rshedl ~n Illi!e ~~lcwh~9 ~tdec

'15

l3~sld;es the COO1n:tI~lO'n issu:ed ~ifl!J leMems, to IJiI~ee' IDepo-:sni4i~ P.amlll~panls ilifld altl!O imls.trocted lI1em ,to 'COl'lT8.1:~ly wlU1lilhe ,!i!~~~Ue.~ rela't:ed ~Ies Lnl ~!.ItlJlie.



'U~. CAPITAL MlARKET REG1JLAiI'IOR¥ REFOIMS MD CQMPLIA!NCE, fCMRRC)

D~"fljrFll!l orr condili'o:ntl, ~Jrncfiv©S;; 1l!I~~~ ~,nd rn;gl(!ll~tian$ far COfiSid~fa-Rfon: O'f ~h~:

CJ4rnm~i:on1 ~rop.o~Tn91 tarnl~nd~rr~: to :~liij~~i I§.W$, :SU99,;;::~rfl9 rr~OIli1li1 m~l!I~~ lorm c;a:piilal1lm:;l~I(€I1; pmvid~ op.1nJOililS¢il;rJmJiJ'L8nts 'Of!, PIiOPO$i}ij II~ii'!.I'S. rules, ~r jo'bs ~~~n~ by' th~' CmmmlSiSi'Qfi ia~ doml!~' b~'1h1i!i eMMell.

NiII!.

1 SE:c!CM'~S·~ 59JMrnfII..01,iH ,~liidliJll[l!it ot,Si1iclffi_' allid &flMl1ig~, ~licaUCif!

~[i}: 5 #ipfiil2007 Cormmi~j'OIi'II,(M@rdllant ~blf ~nd 1fI~ M~Jil!'J9~r) ~.Ja1f~. 11;186.

:2' iJE:cICM~6 .. ,fl59J~~ CQ_~ am~nomlll~FI~ ,~t fb~,llQ'Ijr~iCiIi NdIi~ioFl

~ '16 M8y'~rlOfi" 'of 1l~~,Ci~' ~Q~ ~~. ,2JJOOl ~Ii ,~7' S~POOmDmf ,2rlO6.,

i:'j,

~,

SE:cJCM:~64591M~a.-2.5 _!i!d!i'OOrrrt.~~' SGctlI.!'iittJs' afijlj ~l$a!1![Ji1) [bbl: 26 ~I{(ffii'!OO~ 2[lOQ' Oo!llU!i~j'(lln ~S~ D~al~r4 ~k Ehrofiii;)r al!ldl AUlh~d IR~~I!i;ISGf!~,'i'~~:]1 ~l!Ilaoo_~~ ~;

S !:lCJCmJ4Q~ 8J19liJ~51 ~ 11 ~~y 2~Dl'

~al'idi'n9 ~n~'k!m @' ~~ ibr ,WbJI~;ng I/li~' a:udrtaill 'olildaJ $'wl~m=1s af~ ITtm _~,~.~

CQ IIJU! i ~fO!l1I i~ f'! d :s[.oli;: w:~I!tp!l!.~ i;l~ 'f!ill '~mw, @j'ilffJ@ @~~~f;!~ of' 6a1!!9~hi ~~As_i~tIDJ1!i'


F,!1!WCUOIi1Si 0' I Law iElejF,J:ili1mem m"a as: tfoliOW'S, :~

..JI AS9i5lirm time-lawyers ~pipofnfecl by the Oomlilll,~ron 11.'0 iIlefend ~he 'ooui1 ooBe$, filed by SEC. iOf ,~gain1at SEC.

,....II 'SMng ~till oplrtlklin 'Om! dirrferen~: l~tJ~, 6e1lt by other delP~rtments ,of lila Commiesioll .

...il 1'b fll'e :lind ooilducrt certificate CiilSe6 to reooveFl' lj)enBlliy' n,po~:ed Ib.y the C-cOmmie5h~nl.

1~1 '1:58 ~5e~,film:l1oy S I2C 'O~ eg~ji1:5! SEC iliIre panding in dr ~rent CwrW. ~Eijij'ij~ (tf' ~tte C-'OiJ.irt-s are' given IDeli!1W ~Ollig' w1t1ii fiiliJimlber of' Ipefiii:ll~ 'caseSl wJUiii imJi;lilltl'Uail COli - •

,SI" NaiM ,~'~ne C:m~r:t No ..

HI""-!iIo ..... "". -;4 If"t'- --' .. : ..... 1 -':t!J II 'iJU!J.h I!l.rJ~~OU'!

10

f(;.la1l1

:58

4, 'Il:.rimin~ reviBfciFi patitli!:ltil were. fited WiUil 'dle H:!Jiliiombte Siljpreme Cooit, HliglTI! Court Di!r.i+sroo ,ernd ~ writ !pe~tiOiftl9 was, filed 'Witilm 'Ihe 5th ,~mmJl [H~t ,JUd,ge COiJ.llrt in lCihaiiQ;J1 ~irts~, :!ilome

IC mE!! 1f5, ,01 the Commissioiil regaR!ling ,ch.aillef\'gi'rig the ComlfiiffiSioors amer ,Biiild \!iol':tt~jon o:r: !Se~iin~e5I, I~.

Cet!lie9, 'lied by' '1J1tJ~ Commission

• :25, Gel1f1icate casea. filed under Public lOelfiilanal R:eooli,llery' ArA, 1100:3 'fOf ~,effiimJg 'UmE!, 1l'Ma1ly mOillley !IJ!lJlniifltl th~ 'mft8i~ ~eaf :~o[la;,.2[!01, u

I. At'ltJe same 'time- me 'CofriilllTliss'jOfll 'filed ens, Icnrn1rnaJ ~e, ii1 '~he' ooufflt oJ CMM. Dllakm ,~ga[Mf SiJiiilg~de!llh W,'el'diifilg Ele!IrtrOO'es Ud\ .. 'rm' ml:a~OIiii 0 sewrUies IBMffi.

'Ce~, 'lileli:! aga'ii'is1: 'nf:ie!' 5

'C~fITlim~5ioo


Re~rdn and IDev-etqpment Cepaf1fl'tern ,or U1e Co:nruTilr$~Oml ooilch.!lC'~ IrrY~lor::$~ Eidue:a1.ioiiil progRJlil 'For lhe generelJ I ft\!'e~mj':$\J Ilmpali1. ,capUal iiliHiu'ket re~a1.ed semiliiliu fc~ varl'lo,tJiS; ,gG",-wnment and ooliil~gQ\!emrnefirt I'lrg,aiiillm~loiiil. pfepaUte :a!i1d1 p!Jlbllmas C:~flfifilili~loill~ vii!liIlo!J~ puillUcatlQn6 lreg!J.:!IEUI¥ and 'fum Isllrun;, v~rl'cn'!5 lrep~ '~fld Inr,ormar!l'~rm 'W ~h~ 'GovE!rJi1Ii1ilEH1t ,i:lfild lO!~a.r IFi~1i~.!J.i!Ibf1E1; Incl\!tI~IiiIS IMltli5A:ry 'of' Filiile!noe and dUirereni fe~liIlalOIryl ,eiWI UtariHe s.

DU~Iil!E1 Jul(!f' 20l!J6 '~' JUfle 2 C1U)I'T , R.eseaJ'iCih a1ld Oe-I{:t:!olPmen1IDlelfJamlltIiU~!id lii!ras putlbU5hed 'lliru~' 'ro ow.lng If1I!J.iolleaJWoos ,of 'ltJe CoMmrs5io~:

Aflf1uail Report : FY 2(JC!&200e

C,USIrmrly Review : F1Q!J.:!ii" I~li~, ,d!liIrlng AFrll 2006 ~'S!rc'h :2 IDiD17'

'Il,SEC iP,aml&iifiuns'" ~S'EC!,s BE:.HIllg~ Na:wslaHerJ : Fa u f' l~lJe5 tdlunng June 2fJCli6-Memcn 2001

Dll!Irif1!J ~ha IFY ,20.06 ~2007 ~he, Secl!ni'hle-,e!, ~nd IE~mille Comml!S~I'OFi oondluctedl 24 Imlve$~~j EducalioFi PrfOgU'~IiIiI~. '1f!wQ p~grra!m5 IIiiI e~cliil mmlllh (e~chl Ill'ltlgrram fJf M-OI d~lf.5) Weiiie oonoJill!cted on regll!llair basl~" Hl'gh oflicJaiI~ ,of SEC Ihl{lNlgh'bed on '\I'SlriO!J.:!6 l'sella, Iltke. 'I~&. cs Ilita II iIliIillilket lrelatedl Ilaws, f!J.!1~lregWll8ltlgns, S!J.Ifi'ile Il.elnce aY,E!M!1 dha~§il'Oil systeiliil, mlghis of' ,sh;a.:rett.'dId'et efc. Ii'll 'lime: :sa d p:l"O~mmSl. A I'omJ nUll1lbe~' QT 4193 Ilmtes,rors ~pe~e~ In lt1~ IJrogftUrtiS. Be$kle~" Jl il'trder to ,E!noo!J.Imge' tlilel IfiNes.'OO:rs tEVJ1d 't-c !Urea-lei aJN!M'EI!rnE!S-S, '10 1~-pl~1 i'iI\a!rne~. SEC' ,a lse iOOlldllctedl IliiIve~ Educa~lonl Pro~i'arm ,~otn~l, wi~.1trI IJtSE aliild Ice IflllBfrimlsail and llOJ~IM I~t!lrlflg 28 =2rt! ,April. 2001 whe~e lmIore 'I)nan OO:D Invemrs p~riJ-c.llJ'ated.

D !!I mllil 91 lhe perl~dl SEC: mgarti~ '~liie!: lmirnUilg pnll·srnms 'for urne: w[ht;!ii'ii~ ~,p~en.ives; ,of i!ru~mbeFS of DSE srtd 'OSE. 123 .E:lii'ilcl ,2QJI ~iU1hoiUEd repress liils live s' '!Tom IIOSE and C-8E re9peiCUl!Jel~' parljtl~ In tiha ,Mid pro9~i!iiI.


'113., FUrrURE PLANNING

S~alJ~nj~, l!i!nd ~:ii)dhaf!g@ 'OOJif! I'Irlilss[on ~I;ll$' b!8>9m1 'byTl'lg pSr$[~kt!1Uy 1.0 d~'I,(,~kbp 'Ih~ ~r;rIglad~$~ e~Jfl(al !!Ji!~Jkel. 1'0 in~~s~: IhQ dep1!h 'of' IBal'!gl:lld'G'Sh ~p't~~ m~~t lila C@'rn!lfli~of!l~ in 'as5Qc'i~tion \'ii~ sl;Qck Q:.rdlaIii! gW<I' is;SlH~~' ~Ofil'L:p~rfi{::s ,a! Ifl! dl !1!'!a~~: im~!I\flfH~df~!l~~" is ool'!sj'd'OO!l!ll~1 iSSY~ f!1i.mI' i[i1l&'tn.!f1I~'!)tsi an'd 1i2i!mOOU~1fli ,~ritit;1iS w'IUl! gjoolj -ri!fidam@Iii!~J~ to Ib~ ~&'tG'il wl.th n.~ .stock, '~~I!i!ng~'. 1ih~ COllf!mls.sib!1 Is iallSo' ~~m~n.iIr!SI HtQ book l:Jull'dJIllS sy-$"bil!'flll 'I;ol irr~lfOduoo illll lijtlt ma$~1!'. 1111 !fIffl~r 'i.o lf11p~ afoffiSafd :SOOIill:~nio and 'fOr OOnTilplylr!:9 'Mit! loseo O~fi!I{l~ iamld fi'ri!ildp1~ O'J 8@cl!Jrlll~ ~~9l!j~tIQns!, 'thQ C~~~tQn has ~k{)n fdlbwl'ng f!mQSlJf{)$~

Es~D:llshJli{)!il't af' a carma] !!!ar~~ il~' ~ Qdu~ ~!'I~t(Jrrs ,~d bl!~ffl1Ii}@la:r1rJS a,800cJatfifi iMtIl!lII!!i1 ~~Ilai l1!1!a~~,.a~ i;]~mm (I~!fril]: '~Fi i;l.ap-I~I ma~

l~ a~~ tlInll s-~lii1iBs ~4ltil ,rJ)ti~ 'llIooa!ill!~t8ls !.o 'ltUll ~Flilt;all !'fIfIat&ist fly fftr~fiOOu:dn9 b~k, 11:1I,lIdlng .~i2'Jl1Iil;aOO kJli 111k; pUtiPOOI3~ fr.amlns 1f!~S~ ru~s.

[I ,Asslstlflg ~f!1 '~~hrHlgI ,i;Ij ~gulat'Qry ~ b ~!'Isum protJar.a'lkl~ of'~n~nelal s~mllJllbs, b~~1 em '1$cOs by ~an[~ an~ ~l!Jdrt iof ,th~ Sa!i'!t) ~'*c[Jy~ by' a~lmts,

II c'@!'!-i!fI'!iU~ fiJfcJrts, 11m, l!:Iring, iItw 'i).':IVi;lii1'!!1'KInt '~f!i2lI '~j:larf![Qs iI!fi UlJil !!Ii1t;!j~t

'W!l:lrkfn,gl 'wUh thl;il 's~d\;: ii;!~~1l~~ ~ h~' I~n ~~Iif!~d ~,~m'i!-~-nl_!T! ~' s~yliiliBs: rr-<3f11sacll\:!ins..

[I EfIDJ't6 ~ oo!'llfl1!l!~ br.il'!g]lnll!! ~rol1~bJilil comPQ!'!kls jJrr-ai1l!lall~ ~nl '91~ ~~II rff!art~t M:G~~ ro ll1ll!~1!!J mrpmta~il ~'o!f!ffla!,!~ ~!'!ar[Q' ilnl r$SI!I~r' CO!inp-.!!!!IIkls ,1mdl ~~j;f, M;]J1kg!. i!'lJ~1i!"F1~!'ar!~ 'Ci~ ~~lal marlii[lit.,

I F"r~I!I!It!l!g! anJ1.! i~a!'l~ ©"Fi a C(i!i1l!J:!rn'Mm~t~ bood ~~ II\!!I~~"

Mea;sl!l~ ~ po:pld~m g~1ifijFi~n.t oond ~lild 'OOOPr4!faW b01'!d brI, ~pl~~ IIIIlarktiL (l~~i~ regu'!a:W-!l ;Ff~rne-wo:-!'k 'Fflr '~!fi;gl ,ar' ii9~~t1¥91 ,S9CY~s.

• ~]stl!,!g I!:@ ~ave"Yn!~ed IIsUrr.g 1~~~ll:@n:Si '~r r.ooss~O'ard.e~' I~g at' ~Jl!l!~!'119s: l~rSMFti; ll'agloJ1,

II I~yance (If lnew rij~S: ICIr ami!!nd1ng !Ili:.liSII!!l9 (l.ftI~,I'n m~II.aUiflnllNlilh Ute; :g~kQ'h~Ii:Ii9fSII ~n11I'!i!.!bl!g I~' 'F~~!!IS ofUla' (kil(lis!J~1 'GCW1l!rnlltee oo~~dl of [l\8E, C:SE

~Fid :s~C O~!fS; ,and oonsu!~~; C~mmf-s~r1si ,~1i9s, w1!!~ !he SEC ,t!r~'~!'Y Comm!lt~"

• 8tl1L9fi1gUilanln~ thiili ~~Iaf!!C9 :s~t'am @"fJ'SIEC b enlilaJi!i;ij lra.ns~~ooy [I!! oo~~as ~~t, · I F@_r lE!ff~cll!i'8 all-ill ~~ dWilaJ{1fttigl Cilf' dy.l~ ffi~S~ (!Ii! th~ C'©m~~IiI,

~padlty by dfnl) Q"f' 9J(iS-~f1g ~trlf Inn_bel'S, :an:dl rre~mng new p~ssl~l'!al sttf.


" 4 FIII •• "i'C'Ii,A -L c!I"iIi",A"!f"EIIiI~N-"I'\~ O-'F' TH~' rO'MMleS'IO-"N"

, '10 I lillll"Uill: U"'Ii a Iii""" I - DtI ~ ,I iii' .,. - Iiiii, U • ,., 'iiI!i ", • '"., ,,' ,

Ifur ill·!! :~e:ar' el!ided 301 Jlii.lne, 20l!F7

S~il!!liitie9i and ~:ttn!Q;e 'Colfiilffi'li561Of'1I is uooe~ the ~ue IbiJ.IC'ilget of'tJ1.e 'go,v,smmsii!lt AI lof Lts, le~ntlih.i res awe. met, hm 'tale i9~flllmellt I':e\!\enue bUli~~e~, M pgr !&ec4i!JfI1 12 lof ,tt1eil: 5«il:iiHies; and E):)~flge' C'C!rntliiisaicm A.ct, ~9Bi3~ h OOfl'iilmi~S'iool mairttarlns ,Si ~nd wlml'clm ,ooMig15 'of ~ :go'!.reJ'ornent mJl!'Jceli:cn Mdl re~fi'iI!Jiie sene~ated by' Ut~ C:c.rnli'ii!i9s.iOIi! its~f. IniCQm~ of' 'the COO'llmi96k~n iiiilclLi;c:les regJ5hiioni ,andl me IfiI ewtIJ II 'fees, 'f,aes received iiTII ,oonneetiion ,with :app icMiMI :a.ntI,oomenl 'ifees, 'rnf mi!5.ii'i!!]1 of' oompaif1ies~ ,~ital, lreco\ilery' 'Of peflalliy !et.c" The g;owtlmlin~nt 'fI!.lIi'ilC ie, rel~aM!d 11'11 &cooitlleinoo wJlJm 'the hJ!!:IlllIg&:t sllfccatiof!'rl

".,.fI., .... .:'f", -,.,1 . .....J'¥I..- In.'''''''''''''' n- ....... .",..il,,,,.-iI I.;,: '~T"" S' ~oi"'" !:]uJl!.o!!!!!,..j!!'!~ n..,;t, I!.!I~ !,Ue _ J!dIU!U ,."., ~e, H'~i[l!L .... \l! u:!{ ~JII!1ii! , ~"'".

Tihe' Cgli1ilm.issi'Of1l has geliiemled ooITi5idem~te i!i!lC<tme dumin9! the lest 'lew yeere. It has Imel 7SJV%, and 00,65% of iI!iii 'telal ,eitiinual e~pelil5;ae, fro:rm i~, own inooilliu~' g;eneraHon ,dunirlQ '~li'ie! 'M£ii!;nciell ~ 2(100-;2008 ,anti! :200a:.2D01 jie9pecUv,ely. In 'Ule '~ltBincial year 2t;,am~.2007'. CommjS5i~ OWl[1 ~~l~eipf.B, Wlii!1!, ik, 33,87 m~ltIQn, The 'C Offiill'fi iB.s 1001 ;al:So, reoei~edl ,[itS 'gmmrl'!from the' g~efli'ilii1iiefit n. :23,6;2 mllUoliI. irllclllidiit2llEil!51 ye,i9f5 unspent IML~ off lk. 4. ~ S ifiiI~liolili and lhe ~ reoeip.t5 w.a:s, n, 57,49 m~llion, thmuglm whiich it met ,aiD o:r~ ibs, ~~peilil5e9. 'On 'Ule ~tre:r ~afldl! Ihe C~i~bn'!5 'Ififfi] IlfJiiOOFilie ,Eiil'iltil govemnten~ al~~!iolil! war,e. 1iik~ 31.,10 1i1iI~ljoiTII arid n. l,~t96 IFlfiill~n '~pf:.'dir've~ in 2,005..:2008 'nnancfa'i rear. Rs"ve.nJJe· expenses ,eifi1lC ca pita II ~lUr.e' of' 'll!iIe Olmmls93011i! lill 2008~2.007 IfYtIs 'Tk. 4,1 Ji''§: rmillioiii. 1i"I're iHilloun[ of e}l;pand:U~r!e, irrncurrecll inl ,~oO&:;moo lisGei'1 year WtBS 11k, 4D.501 niliJliot:il. Breal«io'Nli!I ,of inOOJiite ,of SEC d~ffiinQ! 2OOs..20t17' am,'rumlslmedi in ll!ileArrln~JllI~e~11.

Seoolttiesi iElfmid u!l::i1ange. Comim[.H'~~iil Sta1.'emellfil,C1'1i A'MaJrs

JWDal 3n~ :200'

Bliid'g~ ,Actual AetUiilre(leiPU

aU'Ocli_OOm ~~ptf apelldl!l.It:r,e,

ReceiJit;

4.hl, 6045
11~U56, 6.50
3ifUm 23 Jl 2. ~:2.'gG,
22.5[1' 33J87' 31:7,[]
:52.50' :51 .. 49 44.6&,
4@.41 36Sl2 3'5.16:5,
;5.'581' 4,,"7:5, 4.o4'{'
~AO' 0:78, O.3~l
:~2.5D 4tt1'75; tD.5D'
";IH!t7,!iS, Ai-ni, 115~ AN N~XU RES

An nJe'iIlYJre..iil

Mls'-'l ~'!II''''''''''U''"' ~'".;,;"""",,;,;;,,,,,! N]jDni~n- m'f BilE!!,....,

_~ 1l-~1!11f1§l-~.....:....@ 11!11l~1!1~~~~ !I~..:...~~f!!l~ . ..:...... '...:......E~I

:91' JIlI'UiliU! Billrr


,BI. INa,

-Innoome

1 Stock ID~]e~lal'OUr Rsgt$tlf~ttion feeSi

2, M~FChcaint, i6!1If1K Rsgit~ratiolfl iee!Jsi

'1' :&lis' olllutl[icaDIlIlI (0 U ill Urly' R~)

e, S:iille, o1'Tllmdle;r ~had!lll't!i

Aou::u.m 1m I!IiJn~n a

I-J~IiI:'I,~ ZcOOJ J~M.~ ztm6

,4.00 3.311

D.2:1fji ~l~i8iG

(11.11: 0.S8
0,00 Q.43
2a.7'~ 23.641
'1..1::16 0]6
~lUOOS5 0.0'024,
o.00Q5 0.02
'OJ:iD O.OW
'1."i.'l 11.39
(U4. 0.11
0.00
::Jlt~B JDJ66
0.61 I 0.5'2
O\ .. 1~ I 0.,28
ll.:311 I 0..118
0.04,
11.08 '~,.!D2
3~\lS!7 3~,.!6B AAft!J)a1 I\epg-ri 20Cs;,:C17

AnnexuN-2

'NilWN ,or eRII~llirts, I! ,NO:, oJ

~ IG'OOlPIa'lAt6

N~~ayIiUMI: 1M d'-elary ln P:11J-n!. m dedlri!recl $8

l(fIvl'd e rrrdl

~(DI'!~ayJ!lileftlt er clera,~' lin ana~1irt or ln~l!le~: of ~

lUebenrulia~

1f{e~;aIid[1it9 ilion reaeSl,pf ilf' [a Mel' o~ IFtIg'hhl, ,EiMM~ 7

[D"['eiiln~

iotal !mrmplaHnts, r.ec.ea\i\ed !dlllilfiq ttI:e! y;eaw 103

'{2_0D;~;,.,m07~[

~ce'~d1 COiilillPRah':lLs durinl ~he, year 7'1

(20~08]

ReceJived1 cilimpPahil,ts duri'lill ~he year 61

(20~mDSj.

R:ece'~edJ cOI'ililip~lllills during fbe year- 91

(2D~a~04i~[

U1*~ laternd'ter ~!ldm
IPl\oce9 E!rirfu~m8I1t
AcUa:n
'.
1iO 21
4 '1
~ fS
4 6
3
6
3
8
1 14
,2 '~191 :82:
1 ,8 152:
1 3D 36
55 13 23 A !"I !I1!ll! aJ ,Report 2D~6~7'

9'1

.[fl"t.~~~ F'f.~'.(i&

• [P't'~1!i

• [P:Y:~~

F'if 20 O.5:..IItt, Ff2D~-"IIlS, F'f :z D!l3'-$41


~ OomlPr!aII'lIs, ~~ifli durin!!! 21lJOO ~ 2007 :agai!'1st sto~k: bfiOkQr/d~l3r :

Aigai[!I!!~t StWck B!"OQw~~ler

Ho.

0.1' Comp~:alnts

UIlU:hiU' bffftd fOr' ~.~ IEn~~.ent ~dJon

fi'l~1iI da!l~ery' ,of ~I~n~i ~",ar.e '1,t,'iifiOI),l!91'i1 b~k:erfde~~er

:2

Raga.r~I!i\g nOli! tr~msfer Clf :sJtiare$ ~nllME!llinll:, eOa~ol),l!llIt

16 11
1~5 11
113 3
!B a
91 76 :2

"

113

115

Totall OOrIfipl'a~!ilIts II'E!(19ived duriln,!) 'Ilmal ~ar (.20[J6-0'7)

~~~JvOO eom:pla.~~ durtln,g l/iil& ~aar' [2,OO5-21l n 6,]

f't1l~iv~ ~laJms; durirtg IliiIa, year [2Q04=2005)

~~iVEid aJmp1a.i!'i~ dYrin~ 'I IflI a, year (2003-2004,}

IGlIi'.a:p:1i1i~1 pfieSli:nldic!i1 or ~:~f:D1 ,coH1l(p~'ainlil15 iaInd dl9p~1 gf: 'One !5 a mil:!' qllliisl5ilQ:~1!i:

BilUke!riIDeaTer dumffirn,'Q ~:Q6~lDD1'

~e31k1 ~ icl;~
~ _,~,!ht '~ :~~ p~~ty IlirMtI, ~ 'liIII,dj
~ ~r ~ .m.~ ~p(~
U~ O!MI1Il'
I No,Jl] C!cWl
lIa :r:~ ra I -- ~ I.ocII TN'!
MiiI: ~t ~i ,~
, 'I ,= ;II ~: II l I a !II I n I ~ UJ l'
1 ~i:'a't!lljjj, ,.~ a~1.i!1! '~ :mOO I !UI.'U! - I · I :aH:i:I I ~rJ olI,;rI~ lt~
~ n.:!(! laM
,l. ~~1rl lI!1'iS [aSH! . e.m I e.m . I - I I~ I iiIIF ~ ~~
IBaIo il:I~ " -;acal!.l)j'
~ ii5W:r15onW ~> iItW lililOO 110.;(1 I eo..oo I I ~LOO I imifi! ~JiQ'
..:i! - -, iii.
tM!l'
~ 1IIft'I~ ~,g 1~.,'~ - 1~,1Q I 'r~ . I · I 1.5i.1X11 I JgI~ ~I ~M
iii iDAm
'5 E'ooif~W, '~ 'mit! ilU! ~..m I El!&OO - I ,. I ~ro I I.liI3' mDjjQl 'i1S:,am
:::.1',.'i1j]'
15 ~ ,mAl ~ . iim.lJ i"ml - · ! .1 iiII~ 2fII1tii '~
ffit.Em! !lJI '~A(IJ
~t;}:I,
iJ:!i
'~ ~~ ~~ iill,UD - 2~l!.i11 1U - · I 1:iSU1 Rltril 2 nUll ,~.B1I;r
,~~ 31Ilti'
in.
-
'~ ffiJcW 1roACI - fOO1(l ~ - ,. ~' frmIiD!il ~~ ll:t1JJ1
~ TkU5 nm
1'IrI-...I'~
iii
- ~-;r 1'5" "fiiHi'" - ~ I
'I - ,. ~:iiD f'rIHmii1 '~ '~!;jlIT
It-!l l~ 'ltt.iN
-- I ~liI
,0 ~ 'LU ~ em ~ - · 1iiIPJ' iII.r.m
~~\ 1Jj'BJ!1
Iu:.i
- n=~1 ~I m.3l ~.si7il' 3ilJ15al - ,. I ~ . ;mr.Ltli
~"
rmmll • i!J1JIJ ~ ~ 'iJ1I!; 11l2,:iD mllm Inl1lHlIfi{l i~um

•• inllli ~Jc ~ iIik 700 ~- DfIIb:JjJd~ ~J:m ... 'ii:illli ~''R ~ rraloo Mi;;dngl !l~UI1li



ICA!l?ffiTAL MIA_H' SJI!JMMMY As IDn '3C~ J'iUll!le.~ 2007'

Dha'ita S'lE1t IElchal!lge ICl1lHag!mg :s!,;~k Ex~~IlIB

No. 'Clf' oom;panles {SIllEifteli'~ iJ'5!l I 2M·
No. ,01' muruai 'rumb; 14· i U~·
NQ. ,O'f' ¢I~~iiI~1,Ir.es ~ I ~I
No."Of' Hil6Ury bo:n~ ,44, I -

-
'Tola:1INo" of ~sJe(i ,S9iOu~ltleg, 325 I 2m I $:iilll ed ~~I~ (llalll oo~a~= (~~Ily) TIc UBi

82,'{,51 ,~O '1'19B~94·

,00 1,aS"'iIO a61."rI

TIt USS

~~.oo il:2~ 10

836,,00 il 2,'1 If)

t-m.OD 2.03

~2~O 11'18

Tilt 11(!;4l2rn.oo

USS; 2300.16

,B~®3l.90 1'1'r4~o.5

llt ,4916MJ)o

IIJSS 1123~'119

~3'9a49L90 5'fl'.37

fl;5ttU~ ,5 H34· , tt

~III Slfiate Filice IIII!~~ (All Sh~IJe' PJioo:

illlde;l()


I'ndlclkn ~.l5~ AI Gn June, ~ AsIiZiIiiJUR!iI' ~~hangei ~+J .. }
II.~- I 3Q~ ~UO:f ts I

a I

28 I

11.117

N'o" ,of lboml Ul~

~~.!ili I

AnlMllBlll-oflal 11\liTU1'itS' ~u e)


Annexuril -8

I~ 1lIrnDYI!f of Tiiillalil Amum11, In

ISeJ~iUrth9, 1I1~IHI M[II~; lk.

iFm]n,g ILQmh

~I

U'tii

A.mInu'al ~,~r.t, 2~006~~7

---~

Annexure, .. g

ICSEll (lPmAiiONAb, STATlS,iI1tcS1 J!!lIy 2ml)6..Ju~ 20~~'

I~IM_I JJr[ce ~'ncfm:~

NDmnl.W' I lal,y Nontnl,w'l M/i

A~,e. ,Ave~

Nillr.cn Tk. %

Ohanga' wfto Pnivhnrs Mliiill1if/'li

iFUliliIiDiJ' Qf' iITntdlfll ,_IIIIlmU1'!1

Se~I1~lIB!!i"~Hlllig~l Mlll~ Tt.

.Mt,2~~m' MmHa: 1ilt4D NUB
Aug~: 5fa~A2 :51.,80 2J'\O
Se~ ~n~~~t ~i5D. 1~BD
Oo.'lDl:iw' ~~~\;OO 11,.BD 1..'OD
~mber ~'.1J 1l.20 DIU
--
(lIoogmb~r 9;-n~"M :E15iDO 3.10
.kntraJilf ~1Jtif1 ~m,6;5 ,Bl.~1J ·UD
F:e1lwJ ~f'j 4:1m(l\~f1 :HI4JffiO 4 .. 9D
Mm£rn ~42W.iA!r :64."m 2.7'0
April oI1$·t24, 2'06.5.0 1AO
MWr.' 48iWjW ,!13JiO I 2.IJD
.lmD2OOIi" S'1Ig~\.n' ,00;90 I 2.5:0
'Mm :~L~OO4mD1 ,.rlm I 2a3B ;51,:90 I

PC:;,1IiFOLliO [NVlfES,TiiM:uT liy"irnE INQNl" RE9IDE~ MJr4GUDESHri ~:O:NDU.Y' 31A.TlSlttSi) ,JfiJ!1y :l,m06 ~t!.me' 2~fjr1

~~~--~~~~~~~~--~~~,=~~~~~~~~~~;~~~

MOll1lh Dlposlt 11111 NRlJil'lI, ImMtllJlljllU~f 11'11 AIIMUII1,'t SGkII ICu1ll'!i:iw a~So1d

,S~ewJlru .AIM!.mt

I,

~I

I\~ I'\'(iji ~ li: ... ~,~m~rd"Tm!~,!mi s:n~IIi:!i~~~

Annual 'Rt~])ol1 'l~{!i7

Annexure· .. 11

POR~ClWlO' IJINISTMENiIi'ln mE NON :RESIDeH BM0L.AmlSHIS ~y ,S;TAiflS1ites~ Aprii t812~l!!!/iL:e, 2001

,~af&Jd !hpQ$~lil ~lnIafj.1 ~ PlL~~ '~~ Dl~ ~¥'
NRrrA II~,~ Sot'dl lPm'C~ of ~ Et_cfllcllllGl IOfsord
1 tltlSoldI ~ Capital Am_,
~, Gam
Alii ~,~ ,lIum£!'8,2 57,,30 50'.80 I ~, - - -- ~
J!lJi~ '92,- Jwm:a 8G 3~6:BO a8HiO B,'i.rID 95IAO :5IBO 3.30 ,:H.'SO
Jwl~ '93,- JUl~e M ,3,1:9B .. 60 310,1,80 965JO i'I'O'L50 ,404.601 17,B& :818AO
JilIl~:94 ~ ,lI1i!!ii'e 95 ,3094A~ 4982.70 h3M.2rl 009I-'~O '4G6~'~O 9'2.10 1:38;;90
JilIl~ :85,~ ~I!!fia 96 7,lB.50 7~,8\OO 1'118.71 Ji~ '1100,31-'\10 ~18.3m) '1~8.00 1'872 .. 00
JllIl~ '96,~ Jwffte '97 527.80 5l8.~(I! 6t86.00 M43,40 2.743,40 '112211~ '63:n.'1'0
J~I~ '91 - Jilime 98 30!t80 31'S,,~Cl I 5.r17',5$ 89'3,.'110 (17'5,-00) 9~~~~ ,601.80
J!lII~ 'BB -,lIi!!f:J:e 99 ~-5.110 95.10 I 4.'1'0.70 :s.a,'1.~ t112G,00) ~3.4[1! 45~,:110
J:1J.i1~ '8m ,J:ime11OO0 '2'1fl:9C :m'S'.lil I 5fJ;U~ a1,8,,70 (28~.:ro) ~.OO ,613AiIJ
J!lii,~~!l!~'20D1 304140 323~5& I aM,3~ 39,7'.00 '6,~O )'1.10 ,Srf .. 60
J I-I~ mt~~ '20m2 ZB.OO 2_8,,70 281'.10 ,400..10 ~1'13J:Mn) a2A45 ,324. so
!J.! .... ',j ...
JUiI~ ,2Ott--J!Jlffla :200-~ 1~6,'sa '112Dd1Cl S;1.3(1l 13,rjJO 29,.00 3D 11 [I! '17:10
JlJjl~ '2Bnt3JiIiiIa :2OD4 3tt .. OO 2SB,SO I 25:1~ 'i'S,.~ '1'2.lll a,'l.2m! ;96.20
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facilities, 'We' !\ilIHer: ~f!t,g~~~'~~I!!W!I!T!d~'\I'I!!!I~,hoIrr;a~ ,il S!.!~tiJi'JQn 1;11' SEC ~b'!1iIJAII tIPI~!~~~~n!!~I!tlliI!~~I!'!Ifig~

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Capital Market of Bangladesh

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AN' __ UIAL REP'OIR'T 2:01016~21007