06Jun
05Jan
Companies 2nd Amendment Act 2020 finally promulgated in 22 November 2020
Photo source: https://www.getmyca.com/ The Companies Second Amendment Act 2020 finally promulgated in 22nd November 2020. The new amendment allowed opening of OPC(One person company). The OPC need to ensure minimum paid up capital requirements. Depending on Turnover OPC can also be converted to LTD and PLC....
06Oct
Deposit of 0.03 per cent of the encashed export earnings at the central fund for the readymade garment sector’s workers.
[Source: the Daily Star] The Bangladesh Bank yesterday asked banks to deposit 0.03 per cent of the encashed export earnings at the central fund for the readymade garment sector's workers. In June 2016, the central bank instructed lenders to deposit the money...
19Sep
The Companies Act (Second Amendment) Act 2020 [Bill] is now placed before the Parliament
The Companies Act (Second Amendment) Act 2020 [Bill] is now placed before the Parliament. The Amendment will introduce single shareholding company, with a minimum paid up capital requirement. Besides, the electronic meeting are allowed. Some changes are made in holding EGM. For...
14Sep
Govt fixes wages for leather sector
The government has fixed Tk 7,100 as minimum monthly wages for the workers of the country's leather goods and footwear sector. The ministry of labour and employment issued a gazette notification in this regard on September 08, nearly a year after the wage board was...
14Sep
Non-EPZ firms can pay foreign staffers in dollars
[source: The Business Standard] The government is going to allow firms outside of the Export Processing Zone (EPZ) to pay their foreign employees in dollars. This has been a long-standing demand of companies and would make the revenue board better able to tax the foreigners. The...
13Sep
Only four directors of three listed companies complied with rules regarding minimum 2-per cent shareholding
[Source: The New Age] Only four directors of three listed companies complied with rules regarding minimum 2-per cent shareholding by each director of a listed company though the Bangladesh Securities of Exchange Commission on July 2 gave 61 non-compliant directors of 22 companies 45 days...
12Sep
The labour department has prepared an implementation guideline for the social safety net programme
Source: The Daily Star [Source; The Daily Star] A ray of hope has emerged for the laid-off, disabled and insolvent workers of export-oriented garment, leather and footwear manufacturing factories as the government has initiated a scheme to extend financial support to them. The government would pay Tk...
08Sep
Companies Act amendment bill placed in the Jatiya Sangsad
The ‘Companies (2nd Amendment) Bill, 2020’ was placed in the Jatiya Sangsad (JS) keeping a provision of formation of one-man company aiming to attract larger investment and do better in the global ease of doing business ranking. Following the approval of the parliament, Commerce Minister Tipu...
31Aug