Chairman of the Capital Market Stabilisation Fund (CMSF) Nojibur Rahmam said a two per cent surcharge will be levied on those listed companies which failed to deposit shareholders’ unclaimed dividends to the CMSF within June 30 this year.
He said this while speaking as the chief guest at a discussion on the capital market, organised by the Capital Market Journalists’ Forum (CMJF) at its Palton office in the capital on Sunday.
The CMSF volume, so far, stood at Tk 1,270 crore, out of which nearly 50 per cent or Tk 560 crore came from companies’ unclaimed dividends, Nojibur Rahman, former principal secretary to the prime minister, stated.
CMJF General Secretary Abu Ali moderated the event with its President Ziaur Rahman in the chair.
Nojibur Rahmam said the CMSF is a very time-bound innovation for the country’s stock market because before its inception, deserved dividends and right shares of many investors had been stuck at companies’ hands, but the CMSF created opportunities for investors to get back their unrealised assets.
So far, 1,170 stock investors got dividends from the CMSF, Nojibur Rahmam said. Of them, 800 received cash, while the rest received bonus shares.
In bid to stabilise the capital market and return unclaimed dividends to the original payees, the CMSF was formed in July 2021.
