Regulatory Alerts2023-02-22
Added
BRPD Circular No. 04: Identification of Limited Company as per The Companies (2nd Amendment) Act, 2020
The circular authorizes registered limited public banking companies in Bangladesh to amend their names and Memoranda of Association to include the suffix "Public Limited Company" or "PLC" in compliance with Section 11K(a) of the Companies Act, 1994, as amended by the Companies (2nd Amendment) Act, 2020. Banks are exempted from submitting separate prior applications for name and memorandum changes under Sections 116 and 117 of the Bank-Companies Act, 1991; however, they must apply to this department after completing the legal formalities to publish the gazette notification of the changed name.
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