The Jatiya Sangsad on Wednesday 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.
