Independent directors will free from liability

Sunbd Desk || Published: 2021-03-23 15:14:37 || Updated: 2021-03-23 15:14:37

Individual directors will not have any responsibility for weak companies in the capital market. The regulatory body Bangladesh Securities and Exchange Commission (BSEC) has issued a circular with such instructions. The BSEC issued a directive in this regard on Tuesday.

Company authorities often take out loans to expand their business. Many times business cannot repay the loan due to bad. As a result, they became defaulters. As a result, even if you want to take a loan for business expansion in the future, it is no longer possible.

Sunbd/NJ

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