BullBD Old Apps Site
Home
Favorites
Recently viewed Details Chart Today news Share news Top gainer Top Looser Upcoming events
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0 1 2 3 4 5 6 7 8 9 All
Bank Cement Ceramics Sector Corporate Bond Engineering Financial Institutions Food & Allied Fuel & Power IT Sector Insurance Jute Life Insurance Miscellaneous Mutual Funds Paper & Printing Pharmaceuticals & Chemicals Services & Real Estate Tannery Industries Telecommunication Textile Travel & Leisure All
  • Details
  • Chart
  • News

ILFSL

All Eps Dividend Board Agm Q1 Q2 Q3

ILFSL 27-Dec-2020

(Continuation news of ILFSL): 17. As per paragraph 17 of IAS 24 an entity shall disclose key management personnel, compensation in total and for each of the following categories namely: - Short-term employee benefits; Post-employment benefits; Other long-term benefits; termination benefits; and Share-based payment. Besides, as per paragraph 18 of IAS 24, If an entity has had related party transactions during the periods covered by the financial statements, (cont.32)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): in 6 accounts as on 31 December 2019: 1. Mercantile Bank- CD-11181110790-8703 BDT 40,000,000. 2. City Bank-1102786310001 BDT 505,000. 3. Mutual Trust Bank- CD- 3939 BDT 56,236. 4. Bank Asia -STD 972 BDT 446,880. 5. Bank Asia-STD -07533000626 BDT 3,063. 6. Bank Asia- STD - 131 BDT 180,609,927. Unadjusted Balance-as on 31 December 2019 BDT 221,621,106. (cont.31)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): Cash/cheque has been deposited various time (from 1st January to 29 December) of the year 2019 in 6 Bank accounts against which no corresponding ledger accounts were found to have been recorded these deposits in the books of accounts in relation to these transactions. Rather, the ILFSL had been shown the six bank accounts as negative against those amount in the books of accounts. The following amount has been found deposited (cont.30)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): the MID/CEO of the Company served in ILFSL during the period from 18 May 2015 to 25 June 2020 has only 17 days of working experience instead of two years as DMD with an NBFI. It is non-compliance of the said circular of appointing the MD /CEO by the ILFSL. The appointment of the MD/CEO was duly approved by the Board and other related authorities. 16. Reference of Note 3, the amounting to TK. 221,621,106 through (cont.29)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): made to us available to confirm whether Audit Committee reported any irregularities to the Board. 15. As per clause 2(KA) of DFIM Circular No-02 dated 25 March 2015 of Bangladesh Bank, the MD/CEO must have a working experience of at least fifteen (15) years in banking or ?nancial institutions industry. Besides, he should have at least two (02) years' working experience in the immediate preceding post of the MD/CEO. However, (cont.28)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): 14. As per BSEC Notification #. SEC/CMRRCD /2006-158/207/Admin/80 dated 3 June 2018 issued under section 2CC of the Securities and Exchange Ordinance, 1969, the Audit Committee shall immediately report to the Board on any suspected or presumed fraud or irregularity or material defect identified in the internal audit and compliance process or in the financial statements. However, no such evidence was (cont.27)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): Secretary (CS), a Chief Financial Officer (CFO) and a Head of Internal Audit and Compliance (HIAC) and the respective positions shall be filled by different individuals. However, the Company has not appointed Head of Internal Audit and Compliance (HIAC) for the period from 4 December 2018 to 17 December 2019. It is non-compliance with the said BSEC's Corporate Governance Code. (cont.26)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): beneficiaries to whom originally Board sanctioned the credit facilities as term loan. 0n 100% verification, this amount would be much higher than the identi?ed ?gure. 13. As per clause (3) of Corporate Governance Code introduced by the Bangladesh Securities and Exchange Commission (BSEC) dated 10 June 2018, The Board shall appoint a Managing Director (MD) or Chief Executive Officer (CEO), a Company (cont.25)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): So, the liability has been understated by Taka 573,223,698 for the year 2019.12. Reference to Note # 06, as identified on test basis, total leases, loans and advances included Taka 1,480,000,000 sanctioned as term loan by the Board originally in favor of ?ve Borrowers loan account. However, the amounting to Taka 1,420,000,000 were disbursed to some other companies account through Account Payee Cheques/Bank Transfer other than the (cont.24)

ILFSL 27-Dec-2020

(Continuation news of ILFSL): institutions, Banks, Public and private (under Note #20) either would be capitalized with term deposit (Under Note # 10) or shown as interest payable on term deposit under other liabilities [Under Note # 11) except cash payments to depositor holders. Hence, the amounting to Tk. 573,223,698, the Management of ILFSL either does not Capitalized with term deposits or shown as interest payable on term deposit under other liabilities. (cont.23)

Previous Next page