Issuer: requirements of financial and non-financial information for initial public offering and ongoing disclosures. o Securities Business: regulations and standards in granting license, supervision, and
infrastructure business to raise funds from investors by offering income-producing projects. The proceeds are capitalized in development of new projects, thereby reducing fiscal burdens and public debts while
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transparency and accountability of the board of directors to build investor confidence. Such confidence is essential to raising capital and being a public listed company. Confidence is indeed important; it is
commences does not deprives the shareholders of their rights under Section 105 of the Public Limited Companies Act, provided that the shareholders holding at least one third of the total shares sold propose