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Section 12
Restrictions on dealing in securities

(1) Director, chief executive officer, auditor, company secretary of a bank or financial institution or a person directly involved in the management and accounting work of a bank or financial institution during the tenure of such position or for one year from the date of retirement from such position in the related bank or financial institution or To buy, sell, give, pledge, hold or take, give, transfer the securities of its subsidiary company to himself or his family members or any other person or in the name of a firm, company or organization controlled by such person or to any other person. or should not be transacted. However, when bonus shares, rights shares, shares allotted to employees or new shares are issued or when the instructions of the National Bank are implemented or when an organized organization having the right to appoint a director or director sells all the shares in its name in a bank or financial institution or Pursuant to paragraph-10, when banks or financial institutions merge with each other, or when one bank or financial institution acquires another bank or financial institution, or if there is any disruption in the operation of a bank or financial institution, with the approval of the National Bank, to buy and sell securities between the founders and directors. This sub-section shall not be deemed to interfere with the operation of buying, selling or transferring shares in the process of reforming or reforming a troubled bank. (2) If anyone commits any act contrary to sub-section (1), such securities shall be confiscated by the concerned bank or financial institution and prescribed by the National Bank. The sale should be distributed accordingly.