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28 Jan 2015
BASIS President meets SEC Chairman
Bangladesh Association of Software and Information Services (BASIS) President Shameem Ahsan has urged the authorities to initiate Venture Capital Policy quickly. He made the call in a meeting with Bangladesh Security Exchange Commission (SEC) Chairman Professor Dr. M Khairul Hossain. Executive Director of SEC Mahbubul Alam was also present in the meeting, which was held in the SEC office.

In the meeting, BASIS President Shameem Ahsan requested the concerned authorities to significantly reduce the Paid-up Capital from BDT 300 million in order to help IT companies to be enlisted for IPO. This way the country?s leading IT companies can take part in IPO and increase its investment in their business to grow further. Apart from these, he also requested the SEC Chairman to take into account the sustainability growth of the companies rather than dividend, like top international organizations.

SEC Chairman insisted that he will look into the matter thoroughly and will take necessary steps to initiate the policy within the next 2/3 months.
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