Business Desk :
The commerce ministry will amend the companies act by this year to make the law time befitting, Senior Commerce Secretary Tapan Kanti Ghosh said on Saturday
The previous amendment of the company act of Bangladesh was partial as all the stakeholders could not reach a consensus, Ghosh said.
However, this year it is expected that all the stakeholders will be able to reach a consensus and measures will be taken to send the draft of the amendment to the parliament this year for final approval, he said.
Although Ghosh did not say specifically when the draft of the amendment would be sent to the parliament, he said the economy of the country has grown a lot over the years and a lot of provisions of the companies act also need to be amended. For instance, the emergence of e-commerce companies in Bangladesh. The e-commerce business platforms have been demanding the reinstatement of the previous option of advance payment of goods, but the government cannot do it to protect the interests of the customers, Ghosh said. “Many companies want to wind up and seek exit plans from the ministry, but the procedures are very complex. So these issues need to be amended in the company law,” the senior secretary also said.
