Tag: Companies Act 1994
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Recent Changes in the Companies Act 1994
Ms. Anika Bushra Tabassum The Companies Act, 1994 has been amended twice in 2020 by the Parliament through the passing of Companies Act (1st Amendment) 2020 and Companies Act (2nd Amendment) 2020 dated 25th February 2020 and 26th November 2020 respectively. The amendments cover very important changes which are introduced in order to implement recommendations […]
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Principle of Separate Legal Entity of Companies in Bangladesh
by Miss Anika Mardiah Chowdhury The principle of a separate legal entity of a company was recognised in the case of Salomon v. Salomon and Co. Ltd (1897) A.C 22, which stated that a company has a separate existence from its members. Thus, this concept protects the shareholders from being personally liable for any wrong […]
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Winding Up of Companies in Bangladesh
by Miss Makamam Mahmuda Section 234-321 of the companies Act 1994 deals with winding up of the company. Winding up represents the last stage in company life. It’s a proceeding by which a company is dissolved. Winding up may be defined as the process by which the life of a company is ended in the […]
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