Small cap companies to get reg fee waiver

Bangladesh, March 23 -- The government is planning to waive registration fees for companies having an authorised capital of Tk 1.0 million or less.

The move is aimed at easing the process of forming a new company, especially one with a small capital, the authorities said.

Commerce ministry officials have already given the green signal to such a proposal coming from the Registrar of Joint Stock Companies (RJSC).

It was later sent to the finance division for review.

"As proposed, there will be no registration fee for forming a company having an authorised capital of Tk 1.0 million or less," said commerce ministry additional secretary Md Obaidul Azam.

"The move will be especially helpful for new businesses with a small capital," he added....