Author Topic: PRE-REGISTRATION  (Read 2746 times)

rakibul

  • Full Member
  • ***
  • Posts: 126
  • Karma: +0/-0
    • View Profile
PRE-REGISTRATION
« on: June 19, 2019, 10:54:46 AM »
PRE-REGISTRATION – WHAT YOU NEED TO KNOW KEY FACTS ABOUT COMPANY FORMATION

Company Name:  The name must be approved (cleared) before incorporation of the company in Bangladesh.

Directors: Minimum two directors are mandatory. Directors can be either local or foreign. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractice in the past. The law requires that a director must own qualification shares stated in the Articles of Association. A shareholder which is not a natural person (i.e. a company) can select nominee director.

Shareholders: A private limited company in Bangladesh can have a minimum of 2 and maximum of 50 shareholders. A director and shareholder can be the same or a different person. The shareholder can be a person or another legal entity such as another company. 100% local or foreign shareholding is allowed in most sectors. New shares can be issued or existing shares can be transferred to another person anytime after the Bangladeshi company has gone through the incorporation process.

Authorized Capital: You must state the authorized capital in the Memorandum of Association and Articles of Association. It is the maximum amount of share capital that the company is authorized to issue (allocate) to shareholders. Part of the authorized capital can remain unissued. There is no minimum or maximum limit for authorized capital in Bangladesh.

Paid-up Capital:  Minimum paid-up capital for registration of a Bangladeshi company is Taka 1. Paid-up capital (also known as share capital) can be increased anytime after the incorporation of the company.

Registered Address:  In order to register a company in Bangladesh, you must provide a local address as the registered address of the company. The registered address must be a physical address (can be either a residential or commercial address) and cannot be a P.O. Box.

Memorandum and Articles of Association: The company to be incorporated must prepare a memorandum of association (MoA) and articles of association (AoA).

Reference:https://resource.ogrlegal.com/company-registration-in-bangladesh/