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Legal Aspect: Management Structure

The Registrar of Joint Stock Companies and Firms (RJSC) regulates the formation and administration of various business entities in Bangladesh, including private and public companies, foreign companies, trade organizations, societies, and partnership firms. The RJSC is headed by a Registrar and has divisional offices overseen by an Assistant Registrar. Its responsibilities include name clearance, registration of new entities, processing annual and change returns, issuing certified copies, winding up processes, and striking defunct companies from the register. The RJSC's processes entities under the applicable acts like the Companies Act of 1994. Promoters are responsible for demonstrating products and services, distributing promotional materials, and reporting on demonstration outcomes to attract new

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Naim Ahmed Sisir
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48 views

Legal Aspect: Management Structure

The Registrar of Joint Stock Companies and Firms (RJSC) regulates the formation and administration of various business entities in Bangladesh, including private and public companies, foreign companies, trade organizations, societies, and partnership firms. The RJSC is headed by a Registrar and has divisional offices overseen by an Assistant Registrar. Its responsibilities include name clearance, registration of new entities, processing annual and change returns, issuing certified copies, winding up processes, and striking defunct companies from the register. The RJSC's processes entities under the applicable acts like the Companies Act of 1994. Promoters are responsible for demonstrating products and services, distributing promotional materials, and reporting on demonstration outcomes to attract new

Uploaded by

Naim Ahmed Sisir
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Management Structure

Legal Aspect

The Registrar of Joint Stock Companies and Firms (RJSC) is the sole authority which
facilitates formation of companies etc.; and keeps track of all ownership related
issues as prescribed by the laws in Bangladesh.
The Registrar is the authority of the Office of the Registrar of Joint Stock Companies
and Firms, Bangladesh.
RJSC deals with the following types of entities:
i. Private companies
ii. Public companies
iii. Foreign companies
iv. Trade organizations
v. Societies, and
vi. Partnership firms
RJSC accords registration and ensures lawful administration of the entities under the
provisions of applicable act as under:
i.
Companies and Trade Organizations: Companies Act, 1994 (Amendment of
Companies Act 1913)

ii. Societies: Societies Registration Act, 1860


iii. Partnership Firms: Partnership Act, 1932
ORGANOGRAM AND STAFFING
The Registrar is the head of RJSC.
Next to the Registrar, there is one (1) Deputy Registrar in Dhaka.

The divisional offices at Chittagong, Khulna and Rajshahi are run under the
administrative control of the Registrar with one (1) Assistant Registrar being In-
Charge of the respective divisional office. The present RJSC organogram has
provision of thirty nine (39) staff distributed as under:

In near future four (4) more divisional offices will be setup at Sylhet, Barisal, Bogra
and Comilla. Manpower will then increase from present 39 to 58, with distribution as
20 in Dhaka, 10 in Chittagong and 4-6 in each office of Rajshahi, Khulna, Sylhet,
Barisal, Bogra & Comilla.

RJSC BUSINESS
The business of RJSC is -
i.
To incorporate Companies (including Trade Organization), Societies and
Partnership Firms under the respective Companies Act 1994, Societies
Registration Act 1860 and Partnership Act 1932, and
ii.
To administer and enforce the relevant statutory provisions of these acts in
relation to the incorporated companies (including Trade Organization), societies
and partnership firms.

RJSC business is split into the following major business processes:


i Name Clearance
: This is a pre-requisite for registration of a new company
(other than Foreign Company) or a society or a trade
organization.

Promoters of a new entity (company, society or trade


organization) apply for, and RJSC provides name clearance
for one of the proposed names upon satisfaction that it does
not closely match or resembles with any of the already
taken names (registered, booked or under the process of
registration of the same entity type)

ii. Registration
: Promoters of a new entity apply for, and RJSC issues a
certificate of incorporation for a new entity upon satisfaction
that the application conforms to the provisions of the
applicable act and that requisite fees are paid.

iii. Returns Filing


: Registered entities are to file returns in prescribed forms &
schedules, and RJSC upon satisfaction approves and
archives such records. There are two (2) types of returns,
viz., Annual Returns and Returns for any Change in the
Entity

iv. Issuance of certified


copies : Anyone can apply for certified copy of record(s) of an
entity. In response to any such application and after getting
requisite payment, RJSC issues certified copy of the
historical records of an entity. Profit & loss account is
however open to only authorized personnel of the
respective entity.

v. Winding up
: A company having resolved to or the court makes an order
or Memorandum & Articles of Association provide so for
winding up of the company, submits to RJSC documents of
winding up procedures and dissolution.

vi. Struck Off


: RJSC strikes off the Register a companys name if it is not
in operation any more.
RJSC accords registration and ensures lawful administration of the entities under the
provisions of applicable act as under:
i.
Companies and Trade Organizations: Companies Act, 1994 (Amendment
of Companies Act 1913)

Business Process and Document:


1. Name clearance
2. Registration
3. Return filling
4. Winding up
5. Certified copy Insurance
6. Struck of

Promoter Responsibilities
Include:

Demonstrating and providing information on promoted products/services

Distributing product samples, brochures, flyers etc. to source new sales opportunities

Using lectures, films, charts, and/or slide shows.

Responsibilities
Demonstrate and provide information on promoted products/services

Create a positive image and lead consumers to use it

Use lectures, films, charts, and/or slide shows

Distribute product samples, brochures, flyers etc. to source new sales opportunities

Identify interest and understand customer needs and requirements

Set up booths or promotional stands and stock products


Report on demonstration related information (interest level, questions asked, number of
samples/flyers distributed etc)

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