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Bangladesh Company Registration (PLC)

Updated:2018-3-23 18:04:06    Source:www.tannet-group.comViews:143

Bangladesh company registration is also called Bangladesh business setup, Bangladesh corporate formation, Bangladesh company incorporation. A Private Company is a Company which by its Articles of Association restricts the right of transfer of the share, limits the number of members to fifty and prohibits invitation to the public to subscribe to the shares or debentures of the Company. In this exposition, Tannet mainly introduces the registration of a private limited company in BD.

Characteristics of a Private Limited Company
The Companies Act 1994 has mentioned the following characteristics of a Private Limited Company:
a. It restricts the rights to transfer the shares;
b. The minimum number of members is 2;
c. The maximum number of the members is 50 excluding the persons employed in the Company;
d. It must have at least two directors;
e. It prohibits any invitation to the public to subscribe for the shares or debentures of the Company;
f. It does not have to fulfill the requirement of statutory meeting or statutory report.
g. Subject to obtaining other licenses mentioned below in the post registration section of this Report, a Private Company can commence business as soon as it is registered with the RJSC.

Procedure for Incorporating a Private Limited Company in Bangladesh
The steps for the registration of a Private Company limited by shares in Bangladesh are detailed below:
STEP 1: OBTAIN NAME CLEARANCE LETTER
Application for name clearance to RJSC along with the following information:
a) Application Form;
b) Proposed Name.

STEP 2: DOCUMENTATION
a) Drafting of Memorandum of Articles and Articles of Association and other required documents,
b) Directors' resolution to open a new Company in Bangladesh;
c) Obtaining and filling up the following forms for registration of the Company to RJSC:
d) Form I: Declaration on registration of Company;
e) Form VI: Notice of situation of registered office;
f) Form IX: Consent of director to act;
g) Form X: List of persons consenting to be directors;
h) Form XII: Particulars of the directors, manager and managing agents.

STEP 3: FORMALITIES RELATED WITH BANK ACCOUNT
a. Directors shall open a temporary bank account in the name of the proposed Company with any scheduled bank with the condition that the account shall be regularized once the Company is duly registered with Company House;
b. Capital contribution into the bank account.
c. Encashment certificate from the bank which expresses that the sum required for capital contribution has been duly dispatched in the temporary bank account of the proposed organization.

STEP 4: SUBMISSION OF DOCUMENTS TO RJSC
Application to RJSC along with the documents executed as listed above.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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