RegulatoryATCSLGF
Brokers Asked to Suspend Margin Loans for ATCSLGF Shares
Announcement summary
- What happened
- Brokers and merchant bankers were asked to stop providing margin-loan facilities for purchases of ATCSLGF shares.
- Company
- Asian Tiger Sandhani Life Growth Fund
- Announcement published
Original announcement
The Fund has requested the concerned Merchant Banks and all Depository Participants (DPs) to provide a statement with the details of their margin loan holders who hold units of the fund as on the Record Date by September 6, 2015. The Trustee of the Fund has also requested the unit holders to update their respective BO accounts with 12 digits e-TIN through their DP before the record date. Individual unit holder failing to do so will be subject to deduction of Advance Income Tax (AIT) at 15% instead of 10%.
Source & verification
- Source
- Published company disclosure
- Published through
- Dhaka Stock Exchange
- Announcement ID
- 616acf4d5a6b000040063bb6
- Original publication
- Last verified by BullBD
- Translation
- BullBD
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