Dhaka, Sept. 9 -- The DSE Brokers Association of Bangladesh (DBA) has recommended incorporating necessary provisions for share buyback and merger and acquisition (M&A) of listed companies in the proposed third amendment to the Companies Act, 1994, aiming to make the country's capital market more dynamic, effective and investment-friendly.

A written recommendation signed by DBA President Saiful Islam was sent to Commerce Secretary Md Ataur Rahman Khan on Wednesday, with a copy sent to Bangladesh Securities and Exchange Commission (BSEC) Chairman Masud Khan for information.

In its recommendation, the DBA said there is a need to create a legal scope for share buyback by listed companies to make the capital market more dynamic and effective...