CMSF settles 93pc of investors’ claimed money before Eid     

The Capital Market Stabilization Fund (CMSF) has settled the claims of 30 more Investors on Thursday (April 28), the settled amount of claim is Tk 20,15,453 which is approximately 93 per cent of the total claim received by CMSF till now.

CMSF has been established by the Bangladesh Securities and Exchange Commission (BSEC) under the BSEC (Capital Market Stabilization Fund) Rules, 2021, said a press release.  

The release added that Investors’ Claim Settlement is one of the prime responsibilities of the Fund. Keeping this responsibility in mind, CMSF settled the claims of thirty (30) investors including five (5) women investors namely Ms. Iffat Saniat Hossain, Mrs. Khosh Akter, Ms. Mishu Tanjin, Ms. Hafiza Begum, and Ms. Parveen Hossain on April 28.

It is to be noted that, on March 15, 2022, CMSF formally launched the claim settlement services in honour of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman at an even held in Hotel Purbani a total of 18 (eighteen) claims were settled involving 1,17,773 (One lac, seventeen thousand, seven hundred and seventy-three).

BSEC Chairman Professor Shibli Rubayat-Ul-Islam handed over the cheques to the claimants in the event chaired by CMSF Chairman Md. Nojibur Rahman and attended, among others, by Commissioner Dr. Shaikh Shamsuddin Ahmed, BOG Members and invited guests.

The CMSF received claims from investors for a total amount of Tk 22,96,880. It has settled claims amounting to Tk 21,33,226, which is 93 per cent of the total claims launched by the investors.

As per CMSF rules, if any Investor claims his/her cash/stock dividend after transfer of such dividend to the accounts of the Fund, within 15 (Fifteen) days of receiving such claim, the issuer company shall, after proper verification of the claim, the CMSF sends the claimed money to investors’ bank account through BEFTN, in case of stock claim stock dividend is transferred to investor’s BO account from CMSF BO account. The CMSF is working in the market in anticipation of a good, expected and efficient capital market.

The Chairman of CMSF Md. Nojibur Rahman, said “we are working to ensure the greater benefit for the investors and CMSF is settling claims promptly subject to the proper verification”. The investors think that CMSF will bring positive changes to the Capital Market through its operations.