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Saturday, March 3, 2012 07:01
Official: no follow-up "taxes" and "central" behind the reluctance of companies to enter the stock market
BAGHDAD / Baghdadiya News / .. senior financial official revealed that last year 2011 did not witness the registration of any new company in the local bourse, attributing this to evade corporate disclosure standards and transparency that
Join imposed on the exchange.
The head of the Securities Commission, Dr. Abdul Razzaq al-Saadi told the reporter / Albgdaah News / he "did not register any company in the stock market during the last year 2011," adding that "the reason is the preference of the boards of companies do not register in the stock market because the procedures of registration imposed on them of disclosure and transparency and follow-up budget. "
And carry-Saadi, "the registrar of companies, and the Tax Authority and the Central Bank responsible for the reluctance of companies for registration in the stock market because those companies do not follow those of others included in the stock market, making access to the stock market means accountability."
And take it Saadi, that "the boards of companies not to enter the stock exchange, they do harm the interests of small investors," noting that "when it refuses to industrial companies engage in stock market is a decision exclusively for senior shareholders, while their young, the price of buying high and selling price cheap too for them as long as the company's OTC We therefore note that the ownership of some companies confined to a specific category in the stock market while the price is whatever the competition is governed by the number of shares. "
He pointed to al-Saadi, "a new bill which we have installed that the company falls in the stock market, whether or not they are bound to apply the disclosure and at that time Sttdaf companies to enter the stock market." Ended /
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Official: no follow-up "taxes" and "central" behind the reluctance of companies to enter the stock market
BAGHDAD / Baghdadiya News / .. senior financial official revealed that last year 2011 did not witness the registration of any new company in the local bourse, attributing this to evade corporate disclosure standards and transparency that
Join imposed on the exchange.
The head of the Securities Commission, Dr. Abdul Razzaq al-Saadi told the reporter / Albgdaah News / he "did not register any company in the stock market during the last year 2011," adding that "the reason is the preference of the boards of companies do not register in the stock market because the procedures of registration imposed on them of disclosure and transparency and follow-up budget. "
And carry-Saadi, "the registrar of companies, and the Tax Authority and the Central Bank responsible for the reluctance of companies for registration in the stock market because those companies do not follow those of others included in the stock market, making access to the stock market means accountability."
And take it Saadi, that "the boards of companies not to enter the stock exchange, they do harm the interests of small investors," noting that "when it refuses to industrial companies engage in stock market is a decision exclusively for senior shareholders, while their young, the price of buying high and selling price cheap too for them as long as the company's OTC We therefore note that the ownership of some companies confined to a specific category in the stock market while the price is whatever the competition is governed by the number of shares. "
He pointed to al-Saadi, "a new bill which we have installed that the company falls in the stock market, whether or not they are bound to apply the disclosure and at that time Sttdaf companies to enter the stock market." Ended /
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