Bangladesh Securities and Exchange Commission (BSEC) will formulate new rules for startup companies in the country. For that, apart from taking all the necessary initiatives to bring startup companies to the capital market in the country, an initiative has been taken with the participation of BSEC, Startup Bangladesh limited, Bangladesh Bank, National Revenue Board and stakeholders of government and public levels; informed the BSEC Commissioner Dr. Sheikh Shamsuddin Ahmed.
He conveyed this information during the focus group discussion titled ‘Bring Bangladeshi Technology Startup to the Public Market’ organized jointly by BSEC and Startup Bangladesh Limited at the multipurpose hall of BSEC in Agargaon, capital, on Monday.
The BSEC Commissioner said, employment should be created by creating a business environment for all types of startup companies including technology in the country by implementing their initiatives. Along with business through startup companies, everyone needs to be informed about environmental conservation, social development and good governance. He emphasized on ensuring acceptance and reliability of startup companies and stakeholders.
Dr. Sheikh Shamsuddin Ahmed said, in bringing startup companies to the capital market, there is a need for exemption from existing securities laws and regulations. BSEC will take necessary initiatives to frame new regulations for startup companies in the country.
At this time, he requested Startup Bangladesh Limited to create a smart portal with the startup companies of Bangladesh. He expressed hope that domestic and foreign investors will be able to get a better idea about the startup companies from this portal.
In the meeting, Sami Ahmed, Managing Director of Startup Bangladesh Limited, said that now is the best time to give opportunities to startup companies in Bangladesh and exploit their potential, and hoped to create a supportive business environment for startup companies in the country.
Arif Khan, member of the board of directors of Startup Bangladesh Limited, gave a presentation titled ‘Bring Bangladeshi Technology Startup to the Public Market’ at the beginning of the discussion meeting. He provides insight into the business environment for startup companies and entrepreneurs in the context of Bangladesh. He also highlighted the government initiatives regarding the existing location and financing of startup companies in the country. He discussed about the establishment of startup companies in the country in the last decade and the economic impact including employment, skill development created through them.
