Company-Law
Unpaid vat must be Paid: RJSC
On 20.04.2021, RJSC published a notice (the notice is undated) regarding the payment of unpaid VAT for services received from RJSC during the financial year 2014-15 to 2017-18. During this period, though there was provision for VAT on the services of RJSC under the VAT Act 1991 and VAT Rules 1991, RJSC did not impose the VAT on their machine-generated payment slip. Here, you should note that any person who (was and) is preparing and submitting the return of any company cannot generate payment slip on their own or put the amount. The payment slip (as well as the amount) is generated by the system implemented by RJSC. Thus, it was an oversight by RJSC themselves.
NBFIs allowed to hold meetings via video conference with BB approval
Non-Banking Financial Institution can now hold board meeting, executive committee meeting or audit committee meeting through video conference if necessary while their chairman or any director are staying outside Bangladesh. However, they must obtain prior approval of Bangladesh Bank.
Presence of shareholder is mandatory for share transfer – RJSC
Physical presence of the shareholder is now compulsory for transfer of shares. By a circular on March 27, 2016, the Registrar of Joint Stock Companies and Firms (RJSC) impose this condition. Main goal of the circular is to prevent fraud relating to transfer of shares.
You can no longer use the word “Group” on your company name
For whatever reason, if you want to register a company with the word “group” in its name, well, good luck with that. Registrar of Joint Stock Companies and Firms (RJSC) on February 9, 2015 through a notice requested not to apply for name clearance with the word “group”.