be properly supervised by the business providers and for a more effective supervision system to make the regulatory system more efficient and comply with international standard, such as, the right to

Offeror : Standard Chartered Bank | Date of submission of the Statement of Intention : 12/04/2005

Offeror : Standard Chartered Bank | Date of submission of the Statement of Intention : 23/07/2007

Offeror : AMERICAN STANDARD INC. | Date of submission of the Statement of Intention : 01/11/2004

Offeror : MITR PHOL SUGAR CORP. LTD | Date of submission of the Statement of Intention : 29/08/2011

Offeror : MITR PHOL SUGAR CORP. LTD | Date of submission of the Statement of Intention : 16/09/2011

Offeror : MITR PHOL SUGAR CORP. LTD | Date of submission of the Statement of Intention : 02/02/2012

Offeror : MITR PHOL SUGAR CORP. LTD | Date of submission of the Statement of Intention : 15/02/2012

sectors convenience for issuing debt securities for fund mobilization while putting in place an appropriate mechanism for investor protection as debt securities is indeed an investment choice. Hence, the

Presently, several companies are interested to raise fund through digital token offer to finance their investment in office buildings or condominiums which will later be rented for income shared to holders of digital tokens or real estate-backed initial coin offering (ICO). Meanwhile, the regulations have not yet extended to such fund raising method and a smart contract has not yet covered an enforcement of investors’ rights in some issues which are activities occurring outside blockchain...