Premium Essay

. Explain the Steps of Formation of a Company in Bangladesh

In: Business and Management

Submitted By noured
Words 2018
Pages 9
.
Explain the steps of formation of a company in Bangladesh

Introduction: A company is an association or collection of indivitual,whether natural persons, legal persons, or a mixture of both.
Every company has certain basic elements: * A name which has been reserved by the Registrar of Companies * At least one share, one shareholder and one director * A registered office where the company records are kept * An address for service where legal documents can be served * The Registrar will also ask for an address for communication.
Any entity engaging in business, such as: Proprietorship, Partnership or Corporation
There are two kinds of companies. Such as:
1.Private Company
2.Public Company. For establish a company, every company have to maintain some law this called "Company Law"
The act governing the laws relating to company matters is The companies Act, 1994 in Bangladesh. The term company is used to describe an association of number of persons formed for some common purpose of carrying on a business with a view to earning profit and registered according to law relating to companies.
Section 2 (1) (c) of the Act states that, A company means,
" a company formed and registered under this act or a existing company"
Different between private and public company: The difference of private and public company are given below:
1.Minimun capital of companies: Private company requires less capital being a small enterprise. Public company requires a large scale enterprises and lot of capital.
2.The procedure of formation: The procedure of formation is simple. The procedure of formation is rather complicated.
3.Register certificate for Public and Private company doing business: A private company can commence business immediately on acquiring the certificate of incorporation. It need not file a prospectus or a statement in lieu of

Similar Documents

Premium Essay

Essay On Company Registration In Bangladesh

...Company Registration steps in Bangladesh Registrar is a public authority responsible for managing corresponding registry. Companies registry can be managed by courts such as Germany, Austria or government offices like United Kingdom, Ukraine etc. Each country has its own features with regard to company registrar, contents, purpose, public availability. At first let us know, what a company register is -- A company register is a register of organizations in the jurisdiction they operate under. Now, why would you register your company? Let me explain why- Having a registered company name makes a difference when you approach clients and partners. To be more particular, It tells your customer that you are not a fly-by-night operator and are here...

Words: 950 - Pages: 4

Premium Essay

Dse- Dhaka Stock Exchange

...Exchange is the first Stock Exchange in Bangladesh. It was established by the East Pakistan in 1954.It is located at Motijeel in Dhaka. Now Bangladesh has two stock exchanges one is DSE that is Dhaka stock exchange and another is CSE that is Chittagung stock exchange.DSE and CSE is playing a vital role in stock exchange business. It has been putting a great contribution in national economy of the country. The educated people of the country is investing their money in the stock exchange market rather than saving in the banking institutions. So people of the country are getting a smooth benefit from share market. Because of that they are investing their money in the stock exchange market. From this report we got that most of the people knows something about the share market and they are doing this business earnestly. 1.INTRODUCTION Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. It is located in Motijheel at the heart of the Dhaka city. It was incorporated in 1954. Dhaka stock exchange is the first stock exchange of the country. A 24 members council is managed and operated the function of DSE. Among 24 members, 12 are chosen DSE members and the remaining 12 are chosen from the following position: Bangladesh Bank Commerce Ministry Finance Ministry Law Ministry Industries ministry President of Institute of Chartered Accounts of Bangladesh President of Supreme Court Bar...

Words: 2551 - Pages: 11

Premium Essay

Nike

...Jahur M. S. and Quadir N. DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES MANAGEMENT RESEARCH AND PRACTICE Vol. 2 Issue 3 (2010) pp: 299-313 299 Management Research and Practice Volume 2, Issue 3 / September 2010 March eISSN 2067- 2462 mrp.ase.ro DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES Mohammad Saleh JAHUR 1 , S.M. Nasrul QUADIR 2 1 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh sjahur2000@yahoo.com 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh nasrul1964@yahoo.com Abstract Bond market acts as buffer of equity market. This market in Bangladesh has been found very inefficient with respect to number of issues, volume of trade, number of participant, long-term yield curve, interest rate policy etc. In view of this, the present study has been undertaken aiming at identifying the problems that impedes the growth and development of Bond Market in Bangladesh. Researchers have collected both primary and secondary data and analysed the same by employing descriptive measure as well as multivariate technique-Varimax Rotated Factor Analysis. The study has found that the size of debt market of Bangladesh is very low as compared to other SAARC Countries; has huge growth potentiality; and identified important impediments to the growth and development of Bond Market in Bangladesh such as risk and return factor, liquidity and government...

Words: 6380 - Pages: 26

Free Essay

Tannery of Bangladesh

...of the workers working in one of the major industries of Bangladesh. The comparison is totally centered on the Bangladesh Labor code, 2006. The focus of this report is mainly on the wages and payments, working hours and leaves, maternity benefits, welfare, employment of adolescent regarding the Bangladesh Labor Code, 2006. This paper will provide a brief view of the Labor code as well as its implication and application in different situation. It will also explain how the workers are deprived of their legal rights and how the industries consciously violating the Labor code. The comparative analysis shows that only a few numbers of visited tanneries covers the majority of the labor code. Most of the companies as well as the workers are unaware of the labor code and the rights and limitations provided on the labor code. So the workers are constantly deceived of their rights in these industries. The revision on the Bangladesh labor code in 2006, covers a lot of the common standard issues like environmental condition, health and safety, as well as wages and working hours. This revision complies with international standards and ensuring the implication of these codes, our industries will definitely attract foreign market. Introduction In Bangladesh the leather industry is well established and ranked fourth in terms of earning foreign exchange. In consideration of being a value added sector the (Government of Bangladesh (GoB), Ministry of Industry (MoI) has declared it as a priority...

Words: 4059 - Pages: 17

Premium Essay

Management Research and Practice

...Jahur M. S. and Quadir N. mrp.ase.ro DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES MANAGEMENT RESEARCH AND PRACTICE Vol. 2 Issue 3 (2010) pp: 299-313 DEVELOPMENT OF BOND MARKET IN BANGLADESH: ISSUES, STATUS AND POLICIES Mohammad Saleh JAHUR 1, S.M. Nasrul QUADIR 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh sjahur2000@yahoo.com 2 Department of Finance and Banking, University of Chittagong, Chittagong, Bangladesh nasrul1964@yahoo.com Volume 2, Issue 3 / September 2010 Management Research and Practice 1 Abstract Bond market acts as buffer of equity market. This market in Bangladesh has been found very inefficient with respect to number of issues, volume of trade, number of participant, long-term yield curve, interest rate policy etc. In view of this, the present study has been undertaken aiming at identifying the problems that impedes the growth and development of Bond Market in Bangladesh. Researchers have collected both prima ry and secondary data and analysed the same by employing descriptive measure as well as multivariate technique-Varimax Rotated Factor Analysis. The study has found that the size of debt market of Bangladesh is very low as compared to other SAARC Countries; has huge growth potentiality; and identified important impediments to the growth and development of Bond Market in Bangladesh such as risk and return factor, liquidity and government policy factor, issue management...

Words: 6382 - Pages: 26

Premium Essay

Term Paper

...Limited and Its General Banking Activities Supervised by: Niluthpaul Sarker Assistant Professor Department of Accounting and Information systems Jagannath University Prepared by: Akash Kumar Ghosh ID: 114599(BBA) 6th Batch Department of Accounting and Information systems Jagannath University Date of Submission: 5th November, 2015 Letter of Transmittal Date: November 05, 2015 Niluthpaul Sarker Assistant Professor Department of Accounting and Information Systems Jagannath University Subject: Submission of internship report. Dear Sir, I would like to inform you that I have completed my internship report on the topic“General banking activities of Janata bank Ltd” of Bangladesh. I have completed my internship attachment period with Janata Bank Ltd. Preparing this report, I have collected information from all available sources in the most realistic and professional way. In writing this report, I have followed the instructions of my organization while at the same time consulting my institute supervisor. I have endeavored to the utmost potential and limited constraints to project the report as reflective as possible. I earnestly hope that this report will meet your specification would be delighted to furnish you with any clarification if required. Thanks and Regards Yours Truly ------------------------------- Akash Kumar Ghosh ID No: 114599 (BBA) 6th Batch Department of Accounting and Information Systems ...

Words: 12131 - Pages: 49

Premium Essay

Bangladesh Economy Is Based Mainly on the Textile Industry. as We All Know That Bangladesh Is the Second Largest Textile Industry in the World After China. Even Though Bangladesh Comes Under the Least Developed Nation

...world, selling servers, desktops, laptops, workstations, printers, monitors, storage solutions, and other computer peripherals. Since its inception in 1984 Dell was a pure hardware vendor for much of its existence, but with the acquisition in 2009 of Perot Systems, it entered the market for IT services. With a unique business model for computer vendor industry named “build-to-order” or direct sales philosophy, Dell expanded its footprints as one of the most successful global company. Using the most advance technologies with the benefit of globalization, Dell built its competitive advantage as a low cost provider of customized product offerings. To capture the advantage of low cost production, in 1994 Dell enthusiastically moved to the use of Internet to coordinate and control its globally dispersed production system. It was so efficient that now it holds only three days’ worth of inventory at its assembly locations. This advancement in reducing inventory cost to a minimum level was not possible unless company use Microprocessor and Internet. Dell’s Internet-based system records orders for computer equipment as customers submit them via the company’s Web site, then immediately transmits the resulting orders for components to various suppliers around the world, which have a real-time look at Dell’s order flow and can adjust their production schedules accordingly. Besides, given the low cost of airfreight, Dell can use air transportation to speed up the delivery of critical components...

Words: 4403 - Pages: 18

Premium Essay

Fdi in Bangladesh

...Foreign direct investment And Economic Growth in Bangladesh Internship program at Brac Bank Ltd. Internship Report On “Foreign direct investment And Economic Growth in Bangladesh and Internship program at Brac Bank Ltd.” The Internship report is submitted to the Department of Finance, University of Dhaka for the partial fulfillment of the requirement of BBA program. Submitted to: Department of Finance University of Dhaka Supervised by: Mohammad Jahangir Alam Chowdhury Professor Department of Finance University of Dhaka Submitted by: Zarin Tasnim ID: 17-009 Section: A Department of Finance University of Dhaka Signature of the Supervisor Date of Submission: 7th May, 2015 Letter of Transmittal 7th May, 2015 Mohammad Jahangir Alam Chowdhury Professor Department of Finance University of Dhaka Subject: Submission of Internship Report on Foreign direct investment and Economic Growth in Bangladesh. Dear Sir, It is an absolute pleasure for me to submit the Internship Report titled “Foreign direct investment and Economic Growth in Bangladesh” as a significant part of the BBA program. While making this report, I have experienced a fair knowledge about Foreign direct investment and economy of Bangladesh and its impact on the growth of Bangladesh. I have tried my best to follow your guidelines in every aspect of preparing this report. I have collected what I believed...

Words: 13995 - Pages: 56

Free Essay

Guide to Invest in Bangladesh

...Doing Business Bangladesh Prepared by Lex Mundi member firm, Amir & Amir Law Associates This guide is part of the Lex Mundi Guides to Doing Business series which provides general information about legal and business infrastructures in jurisdictions around the world. View the complete series at: www.lexmundi.com/GuidestoDoingBusiness. Lex Mundi is the world’s leading network of independent law firms with in-depth experience in 100+ countries. Through close collaboration, our member firms are able to offer their clients preferred access to more than 21,000 lawyers worldwide – a global resource of unmatched breadth and depth. Lex Mundi – the law firms that know your markets. www.lexmundi.com A Guide to Doing Business in Bangladesh Prepared by: Amir & Amir Law Associates Email: info@aalabd.com Web: www.aalabd.com Updated 29th December 2011 Limitations of Scope: This guide contains a general introduction to the subject. The information in this guide is meant for the purposes of reference and should not be used as legal advice. Source of Information: The information provided in this guide has been obtained from various sources, namely the Bangladesh Board of Investment (BOI) and the Bangladesh Bank. 1 A GUIDE TO DOING BUSINESS IN BANGLADESH CONTENTS I. BANGLADESH AT A GLANCE I.A. Key Facts I.B. Infrastructure I.B.1. Telecommunications I.B.2. Transport I.B.2.a) Land I.B.2.b) Water II. INVESTMENT OPPORTUNITIES IN BANGLADESH II.A. Bangladesh Investment Climate...

Words: 10198 - Pages: 41

Premium Essay

Doc, Pdf

...Letter of Transmittal: May 02, 2011. Md. Serajur Rasul Assistant Professor Dept. of Management Studies University of jagannath. Subject: Submission of the Report on Problems & prospects of Capital market of Bangladesh. Dear Sir, With due respect, it is a great pleasure to me submitting my report. The topic of the report is “Problems & prospects of Capital market of Bangladesh”. I have collected various important information about this. I sincerely believe that you would find the report very interesting, informative and elucidating. I, therefore, hope that you would kindly accept this report and oblige thereby. With thanks and best regards. Sincerely yours, Chittra Kundu B.B.A (4th batch) Section: B Roll no.: 07882559 Session: 2007-08 Department of Management Studies University of Jagannath Acknowledgement All praises and thanks to omnipotent creator for enabling me to complete my report with good health and sound mind. At this point, I would like to acknowledge some of the persons who have made a major contribution to its preparation. At first I would like to thank our honorable course teacher Mr. Md. Serajur Rasul, assistant professor of Management Studies, Jagannath University who assigned me to prepare such important report. I also like to thank to our Lab operator, Department of Management studies, seminar & library authority for making cordial co-operation by serving about internet & necessary Books when I asked them...

Words: 15853 - Pages: 64

Premium Essay

Mnc and Bangladesh

...Journal of Human Resource Management Sri Lankan Journal of Human Resource Management Vol.2, No.1 2008 Sharing the Pie: Trade Unionism and Industrial Relations in Multinationals in Bangladesh Monowar Hossain Mahmood East West University Bangladesh Abstract Using the ‘convergence-divergence’ thesis as the baseline for the study of industrial relations and trade union activities in multinational subsidiaries, the present study tried to investigate extent of the trade union activities and IR practices of MNCs in a developing country context, i.e. Bangladesh, as well as influence of the MNCs on trade unions and IR activities within the existing social and economic contexts. The study revealed that comparative power dominance of multinationals over the host country industrial relations actors emerge as the vital factor in employer-union bargaining process, as well as their capacity to manipulate the existing bargaining process also helped them to implement their desired practices in Bangladesh. However, multinationals were not in confronting mode at all the circumstances, but their potential lobbying power created difficulties for the employees and the trade unions to develop countervailing power in the collective bargaining process and IR activities. Keywords: Convergence-Divergence, Bangladesh, Multinationals, Trade Unions Introduction Empirical studies of international human resource management (IHRM) often reveal that industrial relations practices of multinational subsidiaries...

Words: 8880 - Pages: 36

Premium Essay

Mutual Fund Formation

...CEO/Managing Director....., hereinafter referred to as the TRUSTEE, which expression shall, unless it be repugnant to the subject context, or meaning thereof, include its representatives, successors-in-interest and assigns of the SECOND PART. AND WHEREAS the party of the first part is a leading institution in Bangladesh, engaged in various types of ............(activities)......., having required capabilities and adequate skills in its concerned field of activities and offices and network of branches all over Bangladesh and are qualified and capable to be the Sponsor of a mutual fund, AND WHEREAS the party of the second part is a leading ............... so far engaged in ..........activities and are qualified and capable to act as the Trustee of a mutual fund, NOW, THEREFORE, with the intent to create an investment product for the benefit of the investors, and for the development of the capital markets of Bangladesh and in consideration of mutual covenants and arrangements hereinafter set forth, it is hereby mutually agreed between the parties hereto as follows: 1. OBJECTIVES TO CREATE A TRUST TO LAUNCH VARIOUS SCHEMES OF A MUTUAL FUND IN THE BANGLADESH CAPITAL MARKET WITH THE NAME AND TITLE OF...

Words: 9927 - Pages: 40

Premium Essay

Share Market Crisis

...Stock market crash of Bangladesh in 2010-11: Reasons & roles of regulators Sangit Saha Degree Thesis Förnamn Efternamn International Business 2012 DEGREE THESIS Arcada Degree Programme: International Business Identification number: Author: Title: 11497 Sangit Saha Stock market crash of Bangladesh in 2010-11: Reasons & roles of regulators Andreas Stenius Supervisor (Arcada): Commissioned by: Abstract: The aim of the thesis is to determine reasons of the stock market crash in Bangladesh in 2010-11 and roles of the regulators and government since the crash took place. The theoretical background of the study includes brief introduction of Bangladesh stock market with its structure and different regulatory and intermediary organizations. It also describes one international stock market crash and stock market crash of Bangladesh in 1996. For the theoretical part investigation report of Khondkar Ibrahim Khaled is used as the main secondary resource. The report helps to get background of the crash with reasons and role of different regulatory and intermediary organizations. Self-administered questionnaire is used to obtain primary data for the study. The author sent 25 questionnaires to employees of broker houses and general investors but 18 replied. The result of the Self-administered questionnaire helped author to find some other reason behind the stock market crash in addition with reasons provided in the investigation report. Moreover...

Words: 15094 - Pages: 61

Premium Essay

Accounting for Ngo in Bangladesh

...countries. These organizations are not directly affiliated with any national government, but often have a significant Impact on the social, economy and political activity of the country or region involved. So, we can say that NGOs have become major players in the field of international and national development. Bangladesh has largely failed to assist the poor or reduce poverty because of limited resources and planning, while NGOs have grown dramatically, but it ostensibly fails to fill this gap. There are more and bigger NGOs here than in any other country of equivalent size. Here, NGOs have mainly functioned to service the needs of the landless, usually assisted by foreign donor funding as a counterpoint to the state's efforts. Besides all these, in the field of NGO, Financial Reporting process and application of accounting is disgraceful. NGOs in Bangladesh have increasingly become subject to question and criticism from the government, political parties, intellectuals and the public in genus for misuse of funds, gender discrimination, and nepotism. Absence of proper guidelines in preparing financial statements and reports makes it more complex. The government of Bangladesh doesn’t have any unique rules for preparing the financial reports. In this report we will discuss about the financial reporting and Accounting system of NGOs and hopefully, the analysis and discussion of reporting systems will give guidance and support to the NGOs about the generation of accounting systems and...

Words: 8816 - Pages: 36

Premium Essay

Insurance

...Internship Report “The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited” Submitted To: Sharmin Shabnam Rahman Lecturer BRAC Business School, BRAC University Prepared & Submitted By: Name Shamima Aktar Student ID 08104057 Date of Submission: May 20 , 2012 “The Insurance Act 2010 for Non-life Insurance; Problems & Prospects of Peoples Insurance Company Limited” ii Letter of Transmittal May 20, 2012 Sharmin Shabnam Rahman Lecturer, BRAC Business School, BRAC University Subject: Submission of Internship Report (BUS-400). Dear Madam, With due respect, I would like to inform you that, I have completed my internship at Peoples Insurance Company Limited. Throughout the internship period, I have found the company getting ready to adopt with changes brought by the Insurance Act 2010. Hence, I chose ―The Insurance Act 2010 for non-life insurance; the Problems & Prospects of Peoples Insurance Company Limited‖ as the topic of my internship report. In order to prepare the report, I have collected required information through qualitative research and finally completed the report which is now ready to submit. It was really enjoyable to work on the report as it has provided me with an opportunity to know about realistic fact of the influence of Insurance Act 2010 on the overall operation of PICL. I have learned a lot about the non-life insurance industry after preparing this term paper and got...

Words: 16835 - Pages: 68