CSE renamed CSE PLC

Chittagong Stock Exchange (CSE) has changed its name to ‘Chittagong Stock Exchange PLC’ from ‘Chittagong Stock Exchange Ltd.’

The Registrar of Joint Stock Companies and Firms on Tuesday approved the name change proposal made by the CSE in compliance with the Companies Act, 1994, said the CSE in a statement on Wednesday.

“It is to be noted that the Companies (Amendment) Act, 2020 passed in the parliament by amending the existing Companies Act, 1994. A new section has been added to the amended Act which requires a public limited company to use the term ‘PLC’ at the end instead of ‘Limited/Ltd’, it said.

Earlier, the shareholders in Annual General Meeting approved a special resolution to adopt the change of registered name of the Company to ‘Chittagong Stock Exchange PLC’ from ‘Chittagong Stock Exchange Limited’ as per provision of the Companies Act, 1994 and to amend the relevant clauses of the Memorandum and Articles of Associations of the Company.