Private Limited Company is the most popular option when it comes to incorporate an entity. Both local and foreign investors prefer to do business as a Private Limited Company. The reason behind choosing to operate as a Private Limited Company are numerous but the most important one is that it gives the investors overall greater control of their company and start doing business as soon as register is complete with RJSC given that the company also fulfill other appropriate licenses. Now let us see how Government of Bangladesh define Private Limited Company.
According to Companies Act 1994, section 2(q), A Private Limited Company is a Company which by its Articles of Association restricts the right of transfer of the share, limits the number of members to fifty and prohibits invitation to the public to subscribe to the shares or debentures of the Company.
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