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 BD.
Additional Information
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
Historical Background:
After the partition of India, the Office of the Registrar of Joint Stock Companies & Firms under the Ministry of Commerce was first set up in Chittagong, the port and 2nd biggest city of Bangladesh with some files and records of Companies, Associations (Trade Organizations) and partnership firms received from Kolkata, India. The office was transferred to Dhaka, the capital of Bangladesh in 1962. Currently there are around 190,000 entities registered under RJSC
Organogram and Staffing:
The Registrar is the head of RJSC. Next to the Registrar, there is one (1) Additional Registrar in Dhaka and one (1) Deputy Registrar in each of the divisional offices at Dhaka (South), Dhaka (North) and Chittagong. Besides, there are two (2) Assistant Registrars at each of Dhaka (South) and Dhaka (North) and one (1) Assistant Registrar in each of the divisional offices at Chittagong, Khulna and Rajshahi.
All the divisional offices are run under the administrative control of the Registrar.
Business of RJSC:
The business of RJSC is
1.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
2.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 prerequisite 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 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 company’s name if it is not in operation any more.
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