Bangladesh, Oct. 12 -- The proposed amendment to the Companies Act allowing formation of a company by a single person is facing the first hurdle as the finance ministry is in favour of making a fresh review.
The government made a move to amend the Companies Act 1994 with a provision of forming a company by a single person mainly to attract local and foreign investment.
To this effect, the Cabinet approved a draft of the amendment in November 2018.
People at the legislative division that prepares acts for passage in parliament said the amendment is delayed as ministry concerned wants to review it again.
"The Ministry of Finance seeks to discuss it with stakeholders," an official familiar with the development told the FE on Thursday.
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