Commerce ministry dusts off companies law draft

The commerce ministry is set to resume work on amending the Companies Act 1994, after it ran into a dead end last year over the proposed enhanced role of administrators.
“The law needs to be amended to make it time-befitting. There will be a lot of changes,” Commerce Secretary Mahbub Ahmed told The Daily Star yesterday. He said a meeting in this regard has already been called for August 18.
The ministry proposed indemnity and liquidation powers for administrators appointed in troubled companies like the controversial Destiny Group, a suggestion that was met with much protest from the country's business community.
The government is now preparing a separate multilevel marketing (MLM) law for companies like Destiny Group which have illegal money transactions and cheat people, said a senior official of the ministry. The MLM law is now sitting with the law ministry for its vetting.

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Commerce ministry dusts off companies law draft

The commerce ministry is set to resume work on amending the Companies Act 1994, after it ran into a dead end last year over the proposed enhanced role of administrators.
“The law needs to be amended to make it time-befitting. There will be a lot of changes,” Commerce Secretary Mahbub Ahmed told The Daily Star yesterday. He said a meeting in this regard has already been called for August 18.
The ministry proposed indemnity and liquidation powers for administrators appointed in troubled companies like the controversial Destiny Group, a suggestion that was met with much protest from the country's business community.
The government is now preparing a separate multilevel marketing (MLM) law for companies like Destiny Group which have illegal money transactions and cheat people, said a senior official of the ministry. The MLM law is now sitting with the law ministry for its vetting.

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চট্টগ্রামে খোলা ড্রেনে পড়ে নিখোঁজ শিশুর মরদেহ মিলল ১৪ ঘণ্টা পর

গতকাল রাতে শিশুটি তার মায়ের সঙ্গে রিকশায় করে যাচ্ছিল। নগরের কাপাসগোলা নবাব হোটেলের সামনে রিকশাটি নিয়ন্ত্রণ হারিয়ে নালায় পড়ে যায়। এসময় শিশুটির মা আহত হলেও শিশুটি পানির স্রোতে ভেসে যায়।

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