DHAKA, June 11, 2020 (BSS) – Finance Minister AHM Mustafa Kamal today said the government is planning to amend the company act so that one-person company can be registered as a company.
“Steps have been taken to improve business environment by making necessary amendments in the Companies Act, 1994. The mandatory provision of using ‘company seal’ for registering a company has already been withdrawn,” he said while placing the national budget for the fiscal 2020-21 in the parliament.
This year, he informed that the government will bring further changes in the Act so that One Person Company can also be registered as a company.
“Besides, steps will be taken to introduce legal reforms in issues, such as faster business registration, dispute settlement, etc,” he added.