SEC sits today

Continued from page 9 must remain below five times of NAV of per share. The source said, the SEC recently sent a copy of revised guideline to the ministry of finance. But the ministry told the regulator to re-send the guideline after discussing the issue with market stakeholders. However, the regulator will publish a gazette notification after getting consent from the ministry of finance on the revised guideline. In the guideline, the SEC stressed on fixing the highest and lowest limit of indicative price of a company to go public under the method. A company will have to send its draft prospectus to different bodies and institutions five days ahead of arranging road-show. But the company in no way will propose the indicative price in the draft prospectus. The regulator has also proposed the formation of a five-member committee to review the balance sheets of the companies that are interested to go public under book building method. The committee members will be the representatives of both the stock exchanges, Institute of Chartered Accountants of Bangladesh (ICAB) and Institute of Cost and Management Accountants Bangladesh (ICMAB)..