Free Essay

Sec Bangladesh

In: Business and Management

Submitted By amitice
Words 1495
Pages 6
Bangladesh University of Professionals
EMBA , Legal Environment of Business. Dr. Ridwanul Hoque:

Regulation of business

What is regulation?: t o say what to do and what not to do; to draw a periphery of corporate powers.

And, is regulation anti-thesis to financial regulation thought to be generative of economic progression?: It is in no way a hindrance to economic performance by corporate entities.

Absence of regulation leads to non-environment for business and the dilution of shareholders’ interests.
Importance of regulation can be understood with a reference to the benefits of state control in the banking sector. One can take, for example, the case of the recent saga of Oriental Bank Ltd., in the morbid-situation of which the state intervened to protect the public’s money from being further lost. To note one author:

“ Depositors entrust their savings to a bank, based on faith that thus money will be duly safeguarded and returned to them when they need it, The banks, in turn, lend their depositors money to borrowers … based on a trust that he borrowers will return the money ….”.[1]

In order to protect the public interest and the business trust as depicted in the above paragraph, there needs to be legal protection in place. This is where state regulation comes into play in the marker arena.

Two ways of regulating market are: legal regulation and corporate governance regime (which may be based on both private initiates and public regulations).

Securities and Exchange Commission

Laws: Securities and Exchange Ordinance 1969;[2] and the Securities and Exchange Commission Act 1993.

Bangladesh’s securities market dates back to the Pre-Independence era. It has, however, yet to make any remarkable progress. Lack of proper regulatory role of the Securities and Exchange Commission, there are some amount of erosion of confidence amongst the investing people.

The SEO provides for a number of rules relating to the dealing in securities fairly, including rules relating to issue of capital,[3] public issues,[4] and so on, in order to increase the confidence of the public in the market.[5] E.g., the Ordinance provides for the disclosure of certain compulsory information (price sensitive).A bye-law [The SEC (prohibition of Insider Trading) Rules 1995][6] prohibits insider trading: penal[7] and civil consequences are there: see. Article 5 of this Regulation. According to this and others laws, companies need to disclose price-sensitive information to the public,[8] in order that no insider trading takes place.
Yet, insider trading is a major factor ailing the Bangladeshi companies. Citing Sobhan and Werner who wrote in 2003, Kutubi writes:[9]

There are several examples of directors themselves being engaged actively in underhand dealings and insider trading for personals gains in both corporate and banking sectors in Bangladesh.

Also, s. 14 of the Ordinance provides that if a any director or officer of an issuer of a listed equity security [or any person who is directly or indirectly the beneficial owner of not less 10% of such securities] makes any gain by the purchase and sale, or the sale and purchase of securities, s/he must make a report within 6 months and tender the amount of such gain to the issuer.

Prohibition of short-selling: to sell securities which a person does not own at the time of selling. He sells in anticipation that the market price will later fall when s/he will actually own the shares/securities.[10]

Fraudulent activities:
S. 17 of the SEO provides that it is unlawful for anyone to engage in any fraudulent activity cornering the selling and buying of securities. Acts of fraud in this regard are defined to be acts inducing, affecting, dissuading, or influencing the sale or purchase of any securities to the benefits of the offender. The law provides for both civil and criminal consequences: see. S. 24.

Securities and Exchange Commission:[11]

A statutory body of five members with the Chairman as its head, the SEC is the premier capital market watchdog. It can impose penalty, can conduct inspection, and can require any person to supply any documents. It has recently been given the power to regulate some newly introduced companies like the credit rating companies along side its old role of regulating securities, issuers,[12] or companies.

The SEC regulates the companies, among others, by approving prices of shares, initial public offering, and issue of capital.

S. 2A of the SEO provides that every issuer must take previous approval of the SEC before it can make an issue of capital in or outside Bangladesh, or make in Bangladesh any public offer of securities for sale, or renew or postpone the date of maturity or repayment of any security maturing for payment.

While according consent to the issue of capital, the SEC can attach conditions u/s. 2CC of the SEO. The Commission by virtue of an order [No. SEC/CMRRCD/2006-158/Admin/02-08; Dated the 20th February, 2006] has issued corporate governance guidelines to be followed by listed companies on a ‘comply or explain’ basis. These guidelines are indeed ‘conditions’ attached to the issue of capital by the companies listed (or to be listed in future) with any stock exchange in Bangladesh. The Guidelines proclaim that they intend to enhance corporate governance in the interest of investors and the capital market. Non-compliance with these ‘conditions’ (?) is punished only by ‘naming and shaming’ the company, as these are indeed Code of Ethics.

The SEC has a quasi-judicial power, i.e., to hear appeals filed by investors against any corporate unfairness.

Although, it is the function of a Stock Exchange to enlist companies for the puspose of public trading, The SEC may order the compulsory listing of any company with any Stock Exchange in the public interest. S. 10 of the SEO 1969 provides that where the SEC is of the opinion that it is necessary or expedient in the public interest so to do, it may, after consulting a Stock Exchange and giving the issuer of such security an opportunity of being heard, direct the Stock Exchange to list the security.

Stock Exchanges (established under licenses from the SEC).

Dhaka[13] and Chittagong Stock Exchanges: These are private entities but have n important public function of regulating companies by requiring them to observe certain rules and regulations or business standards.[14] The Listing Rules of DSE and CSE provide for both conditions precedent to the enlistment with them and continuing obligation rules that a listed company is to observe as a condition subsequent. For the breach of a continuing obligation, a company may face suspension of trading in the market or even expulsion (delisting).

CSE listing rules[15], e.g., provide rules relating to prospectus, a and allotment, issue and transfer of shares. These regulations apply to all companies and Securities applying for listing and those listed on the Exchange.

Contractual (along with legal-abidingness):
Under regulation no. 5 (1), it is a condition for seeking permission that the Company or the Securities has provided as undertaking to abide by these regulations.

[1] Kutubi, Shawagt S. 2006., as in note 9 below, at p. 2.
[2] Supplemented by the Securities and Exchange Rules 1987.
[3] See Securities and Exchange Commission (Issue of Capital) Rules 2001, as framed by the SEC.
[4] See the Public Issue Rules 2006, as framed by the SEC.
[5] The preamble to the Ordinance proclaims that its objective is to “provide for the protection of investors, regulations of capital markets and issue] and dealings in securities”.
[6] See the website of the SEC:
[7] See rules 2(e) and 3 of the Rules of 1995, and s. 8 (2) of the SEC Act 1993. Insider Trading can also be prosecuted under s. 17 of the SEO 1969. See M. Zahir, at p. 284.
[8] Financial reporting requirement and disclosure obligations are basically provided from the Banking Companies Act 1991, the Companies Act 1994, and the SEC Rules 1987.
[9] Kutubi, Shawagt S. 2006. Bank regulation and corporate governance under financial liberalization: A case study of private commercial banks in Bangladesh. London: School of Oriental and African Studies (Unpublished MSc Dissertation at the Department of Economics), at p. 24.
[10] See s. 13 for short-selling. However, Bangladeshi law does not specifically provide for the prohibition of market manipulation (by buying out securities of a particular company).
[11] See for a impressionistic view, Solaiman, M. /Securities market in Bangladesh: Problems and Suggestions’, 3 (1998) Chittagong University Journal of Law, pp. 41-67.
[12] See, e.g., s. 11 of the SEO 1969: “An issuer of a listed security shall furnish to the Stock Exchange, to the security holders and to the Commission an annual report of its affairs […]”.
[13] Visit:
[14] For Corporate Governance Guidelines provided by the DSE see:

Similar Documents

Free Essay


...Journal of Education for International Development 2.2 July 2006 THE GIRLS' STIPEND PROGRAM IN BANGLADESH Janet Raynor, University of London Institute of Education Kate Wesson, Open University, Milton Keynes Citation Raynor, Janet, Wesson, Kate (2006). The Girls’ Stipend Program in Bangladesh. Journal of Education for International Development 2:2. Retrieved from’StipendPrograminBangladesh.pdf on [insert month] [insert day], [insert year]. Abstract The Female Stipend Program (FSP) was created in 1982 in Bangladesh to help increase the enrolment and retention of girls in secondary schools. Implemented initially in six areas only, the program was so successful that it was extended in 1994. This paper, based on a desk study of the FSP for the Bangladesh office of the Department for International Development to evaluate the program’s effects, is particularly pertinent for other developing countries seeking to support girls’ education as part of the effort to meet EFA and Millennium Development Goals. Introduction Since its independence, Bangladesh has addressed girls’ education primarily as a means of readying girls for “enlightened motherhood.’ (Chanana, 1994) or to enter professions thought to be suited to women. The 1974 Qudrat-e-Khuda Education Commission Report asserted that ‘women’s education should be such as to be of help to them in their domestic life’, and stressed that subjects such as ‘child-care, the nursing of...

Words: 6850 - Pages: 28

Premium Essay

About Sec

...------------------------------------------------- About SEC The Securities and Exchange Commission (SEC) was established on 8th June, 1993 under the Securities and Exchange Commission Act, 1993. The Chairman and Members of the Commission are appointed by the government and have overall responsibility to formulate securities legislation and administer as well. The Commission is a statutory body and attached to the Ministry of Finance. Mission of the SEC is to: * Protect the interests of securities investors. * Develop and maintain fair, transparent and efficient securities markets. * Ensure proper issuance of securities and compliance with securities laws. The Commission's main functions are: * Regulating the business of the Stock Exchanges or any other securities market. * Registering and regulating the business of stock-brokers, sub-brokers, share transfer agents, merchant bankers and managers of issues, trustee of trust deeds, registrar of an issue, underwriters, portfolio managers, investment advisers and other intermediaries in the securities market * Registering, monitoring and regulating of collective investment scheme including all forms of mutual funds. * Monitoring and regulating all authorized self-regulatory organizations in the securities market. * Prohibiting fraudulent and unfair trade practices relating to securities trading in any securities market. * Promoting investors’ education and providing training for......

Words: 1409 - Pages: 6

Premium Essay


...their “Moheshkhal Oil Installation” at Chittagong in the year 1903. And finally in year 1985, BOC transferred its entire property in Bangladesh in favor of Bangladesh Petroleum Corporation. Then in year 1988 the company was named “Padma Oil Company” Padma’s current business line is of procurement, storage and marketing of PETROLEUM PRODUCTS, LUBRICANTS AND GREASES, BITUMEN, LPG AND manufacturing & marketing of AGRO CHEMICALS. It is listed as a public limited company and is present in both Dhaka and Chittagong stock exchange listing. The authorized capital of Padma Oil is 1000million taka and paid up capital is 441million taka. The number of shares that Padma currently has in share market is around 44,300,000 and number of shareholders is around 15000. Padma’s vision is to be the leader in Oil Marketing Industries in Bangladesh in terms of efficiency, capital adequacy, asset quality, sound management and profitability having strong liquidation. Padma’s mission is to build the company into an efficient, market driven, customer focused institution with good corporate governance structure. Continuous improvement in its business policies, procedure and operations through integration of technology at all levels. The strategic priority is to have sustained growth, broaden and improve range of products and services in all areas of Bangladesh with the aim to add increased value to shareholders’ investment and offer highest possible benefits to its customers....

Words: 276 - Pages: 2

Premium Essay

Sec Bd

...Activities of SEC regarding secondary market: Mutual Fund: Bangladesh security and exchange commission is concern about activities of Mutual fund. According to the Securities and Exchange Commission (Mutual Fund) Rules, 2001 SEC can registers mutual fund. Later on 16 March 2009 SCE established Mutual Fund and SPV department. At present one mutual fund is listed in the private sector. There are two types of mutual funds 1. Open- Ended Mutual fund 2. Closed-Ended Mutual Fund The list of mutual funds in Bangladesh is given below Closed end mutual fund SL Name of the Mutual Fund Year of Floatation Face Value Fund Size (TK in Crore) 01 1st ICB 1980 100 Tk 0.75 02 2nd ICB 1984 100 Tk 0.50 03 3rd ICB 1985 100 Tk 1.00 04 4th ICB 1986 100 Tk 1.00 05 5th ICB 1987 100 Tk 1.50 06 6th ICB 1988 100 Tk 5.00 07 7th ICB 1995 100 Tk 3.00 08 8th ICB 1996 100 Tk 5.00 09 1st BSRS 1997 100 Tk 5.00 10 ICB AMCL 1st 2003 100 Tk 10.00 11 ICB AMCL Islamic 2005 100 Tk 10.00 12 ICB AMCL 1st NRB 2007 100 Tk 10.00 SL Name of the Mutual Fund Year of Floatation Face Value Fund Size (TK in Crore) 13 ICB AMCL 2nd NRB 2008 100 Tk 100.00 14 AIMS 1st Guaranteed 2000 1 Tk 16.80 15 Grameen Mutual Fund One 2005 10 Tk 17.00 16 Grameen Mutual Fund Two 2008 10 Tk 125.00 17 Prime Finance 1st 2009 10 Tk 20.00 18 EBL 1st 2009 10 Tk 100.00 19 ICB AMCL 2nd 2009 100 Tk 50.00 20 ICB Employees Mutual Fund One:Scheme One 2010 10 TK.75.00 21 Trust......

Words: 1174 - Pages: 5

Premium Essay


...particular get the opportunity to join the workforce and contribute to family income and interfere on family as well as social affairs. Empowerment of women in Bangladesh Empowerment of women in Bangladesh Women’s position in the past: In past women were segregated from out of home productive work. They were kept within the four walls. The hearth became the place for them. So cooking, cleaning, washing, giving birth and rearing children became their jobs. Men became the wage earners and all other activities became their responsibilities. In Bangladesh position of the women is very humiliating. Women are the worst suffers. Cause of dis-empowerment there are many reasons of dis-empowerment of women in Bangladesh. Of them the following reasons are the most important. (i) Economic reasons (ii) socio-culture and religious reasons (i) Economic causes: Majority of the women of our country haven’t any economic freedom. From their till death they depend on men. Though many of the women specially the rural women perform the job of rearing ducks and hens, post-harvest activities etc. nobody gives any credit for them. They are regarded as liability of the family. Until and unless they will be given economic freedom , women’s empowerment will not be possible. (ii) Socio-culture and religious causes: In Bangladesh women are the worst sufferers. Social prejudices and customs tend to degrade their position. When a girl is born in poor family, it is not regarded as a happy......

Words: 632 - Pages: 3

Premium Essay

Sec of Bangladesh

...1. ORIGIN OF THE REPORT This assignment is originated as the course requirement of FIN 335, which is termed to be a major course for the B.B.A program. As this assignment is based on Security Exchange Commission of Bangladesh, so we have to work with limited time. We were assigned the assignment on “Security Exchange Commission” around 30 days ago, and we went around looking for its source of existence and also searched the internet to get enough updated knowledge. 1. OBJECTIVE OF THE STUDY ➢ To present an overview of Security Exchange Commission. ➢ The Function of Security Exchange Commission. ➢ The objective of this report is to make readers know about Security Exchange Commission of Bangladesh. 1.2SCOPES AND METHODOLOGY OF THE REPORT SCOPE: After being assigned the assignment, we found that the scope of the report was confined to various related websites. The report is solely based on terms and concepts related to Security Exchange Commission. METHODS: This assignment has been prepared on the basis of experience gathered during the period of FIN 335 course. For preparing this assignment, we have also got information from various websites and Security Exchange office at Motijheel ‘ Jibon Bima Bhaban ‘which may provide successful results considering this report. 1.3 LIMITATIONS ✓ Some websites had no direct reference. ✓ Unable to collect enough information from due to their official restrictions. ...

Words: 13183 - Pages: 53

Premium Essay

Telecommunication in Bangladesh

...on Bangladesh Telecommunication 1 . Southeast University, Banani, Dhaka. . . Assignment . On . “Telecommunication Operator Grameenphone Ltd. . . Course Title: Organizational behaviour Course Code:---- . Assignment Submitted . T) . . . . INTRODUCTION . . 1. It was a talk 2000 years ago. A soldier of ancient Greece was seen running taking the challenge of his life. He started form war field ``MARATHON`` and had the destination, the city of `` ATHENCE`` which was 20 miles away. The soldier continue his running and before death he could reach with the message `` we won the Rose day life had to sacrifice to convey one massage within a distance of 26 miles. Today path finder has sent its message from 8 x 107 miles away from mars about its successful journey and this was re-broadcasted throughout the world within a fraction of second. All those were possible for the development of telecommunication system. . . 2. Now a days standing on the street or siting in a vehicle we communicate each other which require to press only few buttons , But few years back the communication system was so critical a matter that in Rose days people had to wait a hour long endorsing their mane in manual exchange resister for trunk communication in home and abroad , But at present with the help of mobile cellular telecommunication technology it is just within our finger tips. Grameenphone is the pioneer in this sector in......

Words: 3586 - Pages: 15

Free Essay

The Sec

...Overview of the SEC Primitive economies are basically barter economies (goods and services traded for other goods and services), while in other mature economies, businesses are organized into proprietorships, partnerships, and joint venture. These types of closely held businesses, in which owners manage their own business, do not need external reporting of the results of operations. However, external reports have become essential with the increase in the size and number of business enterprises, along with the increased amount of people investing capital resources in these businesses. The corporate form of business also increases the need for objective verification of data and creates a need for disclosure of more and better information to owners and potential investors. Furthermore, the increase in value, size and activity of capital exchange in security market also increases the opening of taking advantage in lax conditions and to profit by misrepresentation and manipulation. Hence, the main reason for establishing the securities legislation was because large security market requires operating procedures that would protect investors from fraud and guarantee an adequate supply of capital for economic growth. Background of the SEC The Securities and Exchange Commission (“SEC”) is one of several public and private sector rule-making organizations that have an effect on financial reporting for businesses. It plays a crucial role in the development...

Words: 7011 - Pages: 29

Free Essay


...* Geographic factors of Bangladesh: The main geographic factors of Bangladesh are as follows – * Geographic location * Physiography * Climate * Forest * Rivers * Physiography of Bangladesh : The physiographic condition of a country influences the socio-economic and the political situation or development of a country. Physiography of Bangladesh also influences this country .A small portion of Bangladesh is high land. Major part of our country is plain land. Though there is no plateau in our country, there are a few traces in various regions of Bangladesh. * Physiography: On the basis of the land forms, the physiography of Bangladesh is divided into three parts. Such as- * Mountainous region of tertiary period. * Traces of Pleistocene period. * Alluvial floodplain. * Mountainous region of Bangladesh: Hills and mountainous land is the highest land of Bangladesh, It was raised during the tertiary age. It is situated in the Northeastern, Eastern and the Southeastern part of Bangladesh. The hills and the mountains in that period are considered as the same to the Himalaya and Arakan Yoma mountain, Because these were raised at the same period. According to the locational characteristics, these regions are classified into two groups. These are as follows- a) Northeastern Region and b) Southeastern Region. a) Northeastern region: The highlands in Sumangonj, Moulavibazar and the part of Netrokoana are under......

Words: 379 - Pages: 2

Premium Essay


...Bangladesh is one of the founding members of the World Trade Organization (WTO), the international body that assists in establishing trade standards for its members. Since the beginning of the WTO Bangladesh has used tariffs as their primary trade policy for imports and exports of goods and investment capital. They use a 5 tariff scale system with a maximum tariff rate of 25% and a minimum tariff of 3% with an average tariff of 14.85%. This system, although staggered with 5 different levels of tariffs, has been questioned where different goods would fall on the chart. Bangladesh has a strong export relationship with the European Union. Trading good that are produced in Bangladesh are duty and quota free when exported to developed countries especially those in the European Union. Of all exports from Bangladesh, finished or partially finished, 90% are sent to the European Union. The tax rate on goods being sent to the United States is decreasing at a disproportional rate compared to other developed countries and the belief is that they will stay much higher in the near future. While the government of Bangladesh hopes that they are able to work out a duty free trade agreement with the United States, the terms of the agreement are being worked out. These factors are going to make exporting of apparel and other goods to the US not competitive compared to other developed countries. The government of Bangladesh has, over recent years, been promoting the country as a......

Words: 319 - Pages: 2

Premium Essay


...Bangladesh’s textile industry. Free trade is an attempt to improve the international economy on the principle of “comparative advantage”. Bangladesh prospered by using their abundance of textile to trade for products that other countries have abundance. The main purpose of the “free trade” was to improve the global economy using the principle of “comparative advantage”. The shift to a free trade regime in the textile industry was good for Bangladesh’s employment and economic growth. Initially, textile products were exported through a preferential quota system from poor markets to rich markets but the shift accounted for lower labor cost, support from other industries, and increased business with western importers. Labor costs decreased to a level lower than China. Lower labor cost was due to low hourly wages and the use of technology. The use of technology increased productivity which allowed consumers to buy more for less money. Importers brought more textiles for less money during the recession. Free trade provided opportunities to build a strong sustainable growth of industries through garment manufacturers; increased opportunities to diversify supply sources, and provided a network for supporting industries. The benefactors of United States trading textiles from low-wage countries include the U.S. retailers and participating countries like Bangladesh. Chmielewski and Media (2016) stated “Free Trade is the best thing that could happen to a global economy and the worst......

Words: 1717 - Pages: 7

Premium Essay

Unilever Bangladesh

...  “Evaluation of Entry into Ice cream Business for Unilever Bangladesh Limited” Submitted to Sharmin Shabnam Rahman Lecturer BRAC Business School BRAC University Submitted by Md. Robin Miah Id# 06204032 BRAC University Date: 02-09-2010       September 2, 2010 SHARMIN SHABNAM RAHMAN Lecture BRAC Business School BRAC University Subject: Submission of Internship Report Dear Madam, This is to inform you that I am submitting the internship project report titled “Evaluation of Entry into Ice cream Business for Unilever Bangladesh Limited” upon completion of my formal internship attachment period from May 06, 2010 to July 06, 2010 with Unilever Bangladesh Limited. I would like to thank you and show my gratitude for your support and guidance that you provided me during the preparation of this report. Without your help it would have been impossible for me to prepare this report. I would like also show my gratitude to my Company supervisor MD. Risalat Siddique, Brand Manager, UBL for his support during my internship period. I have tried to discuss all the relevant points of a feasibility study while keeping consistency with Unilever Bangladesh Limited’s information confidentiality policy. I would be glad to clarify any discrepancy that may arise or any clarification that you may require regarding my project and report. Sincerely, ________________________ MD. ROBIN MIAH ID#06204032 BRAC University ACKNOWLEDGEMENT I would like to show my sincere......

Words: 21020 - Pages: 85

Premium Essay


...Export Control in Bangladesh 1. Introduction: Bangladesh emerged as an independent country in 1971. She entered into International Trade actively since 1972. In the early years of independence the gap between Import and Export was very wide. This gap started to decrease from 1980s when Bangladesh adopted liberal trade policy consistent with the emerging trend of the market economy. Extensive reform programs have been implemented in trade regimes during the last two decades. The prime objective of the trade policy of Bangladesh is to strengthen the economy. For achieving this objective Bangladesh has adopted export-based development strategy. As export sector is the main sources of hard-earned foreign currency of Bangladesh, Government has taken all the initiatives for overall development of the sector. 2. Export Policy: For export promotion and development Bangladesh has been pursuing periodic Export Policy from 1980. In the first half of 80s she pursued one- year export policies in the first half of 80s and two-year policies in the last half of the same decades. Since then five- year export policies were formulated and implemented. After the expiry of the tenure of five-year policy government announced three –year Export Policy. On going Export Policy is for the period 2003-2009. These policies are consistent with the agreement under Uruguay Round Accord, WTO and the principles of market economy. These are also maintaining favorable balance between exports and imports of......

Words: 1402 - Pages: 6

Premium Essay

Sec of Bangladesh

...History First incorporated as East Pakistan Stock Exchange Association Ltd in 28 April 1954 and started formal trading in 1956. It was renamed as East Pakistan Stock Exchange Ltd in 23 June 1962. Again renamed as Dacca Stock Exchange Ltd in 13 May 1964. After the liberation war in 1971 the trading was discontinued for five years. In 1976 trading restarted in Bangladesh, on 16 September 1986 DSE was started. The formula for calculating DSE all share price index was changed according to IFC on 1 November 1993. The automated trading was initiated in 10 August 1998 and started on 1 January 2001. Central Depository System was initiated in 24 January 2004. As of November 16, 2009, the benchmark index of the Dhaka Stock Exchange (DSE) crossed 4000 points for the first time, setting another new high at 4148 points. In 2010, the index crossed 8500 points and finally crashed in the first quarter of 2011. Millions of investors lost their money and came out onto the street blaming the speculators and regulators for the bubble that finally burst. [edit]Formation Dhaka Stock Exchange (DSE) is a public limited company. It is formed and managed under Company Act 1994, Security and Exchange Commission Act 1993, Security and Exchange Commission Regulation 1994, and Security Exchange (Inside Trading) regulation 1994. The issued capital of this company is Tk. 500,000 which is divided up to 250 shares each pricing Tk. 2000. No individual or firm can buy more than one share. According to......

Words: 548 - Pages: 3

Premium Essay


...1.1 Bangladesh Status General Status (a) GEOGRAPHY & CLIMATE Official Name : Capital : The People’s Republic of Bangladesh. Dhaka Geographical Location : North-Eastern part of South Asia situated in-between 20° 34’ & 26° 38’ – North Latitude and 88° 01’ & 92° 41’ – East Longitude. International Boundaries: North – India (West Bengal & Meghalaya ) West – India (West Bengal) East – India (Tripura & Assam) and Myanmar South – Bay of Bengal Area Standard Time : : 147570 (Sq. Km.) GMT + 6 hours 2 3 Climate : Sub-tropical monsoon Principal Seasons : Winter : Period - December-February Temperature - Max – 29°C & Min – 09°C Summer : Period - April – September Temperature - Max – 38°C & Min – 21°C Monsoon : Period - July – October (80% of rainfall occurs during this period) Rainfall Humidity : : 120 ~ 345 cm (47’’ ~ 136’’) during Monsoon Highest : 99 % (July) Lowest : 36 % (December & January) Land Type : Flat fertile alluvial land (with hilly landscapes in the East and North – Eastern regions). Vegetation : Grassland, mixed evergreen and evergreen. 4 Major Cities : Dhaka, Chittagong, Khulna, Rajshahi, Sylhet, Bogra, Narayanganj, Barisal, Mymensingh, Comilla and Jessore. Sea Ports : Major Two Sea Ports. i) Chittagong and ii) Mongla. Major Inland Ports : Dhaka, Narayanganj, Chandpur, Barisal, Khulna, Noapara, Bhairab Bazar, Ashuganj,......

Words: 3036 - Pages: 13