CSE renamed to ‘Chittagong Stock Exchange PLC’

The Chittagong Stock Exchange (CSE) has changed its name to “Chittagong Stock Exchange PLC” from “Chittagong Stock Exchange Ltd.”

On April 12, the Registrar of Joint Stock Companies and Firms accorded approval to change the registered name of the company in compliance with the Companies Act, 1994 (2nd amendment 2020), the port city bourse said in a press release on Wednesday.

The Companies Act, 1994, was amended in 2020. A gazette notification in this regard was published on September 7, 2020.

A public limited company is required to use the term “PLC” at the end instead of “Limited/Ltd”, according to a new section of the amended act.

Earlier, the shareholders in Annual General Meeting approved a special resolution to adopt the change of registered name of CSE.