Companies (2nd Amendment) Bill, 2020 placed in JS

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SANGSAD BHABAN, Sept 7, 2020 (BSS) – The ‘Companies (2nd Amendment) Bill,
2020’ was placed in the Jatiya Sangsad (JS) keeping a provision of formation
of one-man company aiming to attract larger investment and do better in the
global ease of doing business ranking.

Following the approval of the parliament, Commerce Minister Tipu Munshi
placed the bill in the House with Speaker Dr Shirin Sharmin Chaudhury in the
chair.

Placing the bill, the minister said the bill will help to increase further
investment in the country in line with the government policy to seek more
investment for the greater interest of the country.

Opposing the argument made by opposition member, Munshi said the amendment
of the law would help to bring a change in the global investment as the
opposition terming the bill with an initiative of encouraging corruption in
legal form.

Later, the bill was send to the concerned parliamentary standing committee
on Commerce for further scrutiny within a month.

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