Corporate DisclosureASIAINS
ASIAINS Corporate Disclosure — 24 June 2021
Announcement summary
- What happened
- ASIAINS published a corporate disclosure on 24 June 2021. Read the full announcement for details.
- Company
- Asia Insurance PLC.
- Announcement published
Original announcement
(Continuation news of ASIAINS): total issued share capital of the Company is subscribed by sponsor shareholders while the remaining 60% is subscribed by the general public. This is non-compliance of Schedule 1, Section 21 of the Insurance Act 1938 (as amended in 2010), where it is stated that at least 60% of the issued capital shall have to be subscribed by the sponsor shareholders. As per section 232 & 234 of The Bangladesh Labor Act 2006 (amended in 2018), (cont. 2)
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616ace4e5a6b000040053212
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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