JS passes Companies (2nd Amendment) Bill 2020

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File Photo

SANGSAD BHABAN, Nov 18, 2020 (BSS) – The Jatiya Sangsad today
passed the Companies (2nd Amendment) Bill 2020 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.

Commerce Minister Tipu Munshi moved the bill in the House which was
unanimously passed by voice votes with Deputy Speaker Fazle Rabbi Miah
in the chair.

While placing the bill, the minister said the main objective of
enactment of the proposed law is to improve ease of doing business and
draw attention of the foreign investors.

The ‘Companies (2nd Amendment) Bill, 2020’ was placed in the Jatiya
Sangsad (JS) on September 7, this year.

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.