1-person co bill placed in JS

Bangladesh Sangbad Sangstha . Sangsad Bhaban | Published: 23:23, Sep 07,2020


The ‘Companies (2nd Amendment) Bill, 2020’ was placed in Jatiya Sangsad keeping a provision for formation of one-person 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 Munshi placed the bill in the House with speaker Shirin Sharmin Chaudhury in the chair.

Placing the bill, the minister said that the bill would help to increase further investment in the country in line with the government policy to seek more investment for the greater interest of the country.

Opposing the argument made by an opposition member who termed the bill an initiative to encourage corruption in legal form, Munshi said that the amendment of the law would help to bring a change in global investment.

Later, the bill was sent to the parliamentary standing committee on commerce for further scrutiny within a month.

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