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'One person company' on the cards in Bangladesh
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Dhaka, Bangladesh, Sept. 9 -- A move is on to amend the Companies Act, allowing formation of a company by an individual, officials said.
A draft of the proposed amendment is now awaiting vetting by the Ministry of Law, they added.
The amendment aims at making the process of forming a company easier, they explained.
The amendment also aims to attract foreign investment by creating investment friendly environment, easing the cost of doing business and investment, and upholding the interest of general investors and small shareholders.
The definition of the 'one person company' says a private company can be formed by one natural person and he or she will be the lone shareholder of the company.
A stakeholder consultation meeting was held ...
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