Background of BDBL Securities Ltd

BDBL Securities Ltd (BSL) is constituted by acquiring and taking over membership No.20 of Dhaka Stock Exchange Ltd. (held by erstwhile Bangladesh Shilpa Rin Sangastha now BDBL) and membership No.78 of Chittagong Stock Exchange Ltd. (held by erstwhile Bangladesh Shilpa Bank now BDBL) and membership No. 78 of Chittagong stock Exchange Ltd. (Held by erstwhile Bangladesh Shilpa Bank now BDBL). Bangladesh Bank approved the formation of the said company on January 11, 2011 and thereafter, approval for raising paid up capital was accorded by Securities & Exchange Commission on April 03, 2011. After completion of all regulatory requirements, the company was incorporated May 23, 2011 with the Registrar of Joint Stock Companies & Firms (RJSC). The vendor's agreement was signed on 17-07-2011 between the BDBL and BSL for transfer of membership of DSE & CSE. It is worthwhile to mention here that the Board of Directors of Dhaka Stock Exchange Ltd. at its 639th meeting held on October 25, 2011 approved the transfer of the DSE share (DSE membership#20). Stock broker and Stock dealer license has been issued by the Securities & Exchange Commission on January 18, 2012. The company started its business on March 01, 2012 soon after the completion of formalities with Central Depository Bangladesh Limited. (CDBL). On the other hand, the Company will start trading under Chittagong Stock Exchange within a very short period of time. The company is expected to provide a high level professional and personalized service to its clients by maintaining strong moral and ethical practices and effective presence in the capital market.