Bonus withheld
DAWN has recently published a supplement on KSE 100 and SECP. While it is good to read about the achievements of SECP, one instance where SECP has failed to use its good offices is the case of bonus issued by a leading insurance company.
For information of the reader, this bonus was announced 14 months back but due to some hindrance in the holding of the annual general meeting it has not been passed on to small investors despite a lapse of over a year.
One would like to know what SECP has done in getting the rights of the shareholders in this particular case. My understanding is that it is the primary duty of SECP to ensure that shareholders get their bonuses, right shares dividend, etc. Will somebody from SECP explain?
IMRAN BASHIR
Karachi

