Bengal Fine Ceramics summoned to hearing

The Bangladesh Securities and Exchange Commission (BSEC) has summoned all directors of Bengal Fine Ceramics Ltd to a hearing on March 11 for failure to submit financial statement in time. The company was supposed to submit its audited report on November 11, 2012 to the regulator for the financial year to June 30, 2012, but it is yet to hand in the report.
The security rules stipulate that all listed companies on the Dhaka and Chittagong stock exchanges submit their audited financial report within 120 days of the year-end.
The BSEC served notice on the company on February 14 asking it to explain in writing the reason behind its failure to comply with the BSEC rules.