A Complete Guideline for the Formation of a Private Limited Company in Bangladesh

Posted by SSA

in Article, Corporate Governance, Financial Regulatory, Private Client, Startup Advising and Formation

Most Bangladeshi companies are registered as private limited liability companies, commonly known as private limited companies. A private limited company in Bangladesh is a separate legal entity and shareholders are not liable for the company’s debts beyond the amount of share capital they have contributed. According to the Companies Act 1994, any person (foreign or local) above the age of 18 can register a company in Bangladesh. As per section 2(k) of Companies Act 1994, A Private Company means a company which by its articles restricts the right of transfer of the share, prohibits invitation to the public to subscribe...