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ILFSL

All Eps Dividend Board Agm Q1 Q2 Q3

ILFSL 18-Nov-2021

The Board of Directors has recommended No Dividend for the year ended on December 31, 2020. Date of AGM: 30.12.2021, Time: will be notified later, Venue: Digital Platform. Record Date: 08.12.2021. (Cont. 1)

ILFSL 31-Oct-2021

The Company has further informed that, the Board meeting under LR 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 18, 2021 at 4:00 PM instead of October 28, 2021 to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2021, Second Quarter (Q2) period ended on June 30, 2021 and Third Quarter (Q3) period ended on September 30, 2021.

ILFSL 31-Oct-2021

The Company has further informed that, the Board meeting under LR 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will now be held on November 18, 2021 at 4:00 PM instead of October 28, 2021 to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

ILFSL 21-Oct-2021

As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 28, 2021 at 4:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on March 31, 2020, Second Quarter (Q2) period ended on June 30, 2020 and Third Quarter (Q3) period ended on September 30, 2020.

ILFSL 21-Oct-2021

As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 28, 2021 at 4:00 PM to consider, among others, audited financial statements of the Company for the year ended on December 31, 2020.

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): 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)

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