Bangladesh, Aug. 10 -- The depository authority has moved to ensure the security of the shares of non-listed companies, making their transfer easier and preventing fraudulent transactions.

Advertisement The services will also allow the enterprises to obtain bank loans easily by pledging shares in electronic form.

As per the existing system, the Central Depository Bangladesh Ltd. (CDBL) works as a custodian of the shares of all listed and some non-listed securities kept in dematerialised form.

Following the new development, the CDBL will work as a custodian of other non-listed companies registered with the Registrar of Joint Stock Companies and Firms (RJSC).

The CDBL's bylaws permit it to work as a custodian of eligible securities -- ...