& çâÌæÚUæð´ ·¤è ¥ôÚU Îð¹Ùæ ÁæÚUè ÚU¹ð´ ¥ÍæüÌ ¥ÂÙð ÜÿØ ÂÚU ŠØæÙ ÚU¹ð´Ð ãæÚU Ù ×æÙð´, €UØô´ç·¤ ·¤æ× ·¤ÚUÙð âð ¥æÂ·¤ô ©gðàØ ·¤è Âýæç# ãôÌè ãñ ¥õÚU ÁèßÙ ·¤æ ¹æÜèÂÙ ÎêÚU ãôÌæ ãñÐ ÖÜð ãè ÁèßÙ ×ð´ ç·¤ÌÙè Öè ·¤çÆÙæ§ü €UØô´ Ù ¥æ°, çÁ™ææâæ ¥õÚU ©ˆâæã ÕÙæ° ÚU¹ð´Ð ŠØæÙ ÚU¹ð´, ÜÿØ ã×ðàææ ¥æÂ·Ô¤ Âæâ ãôÌð ãñ´ çÁ‹ãð´ ÂæÙð ·Ô¤ çÜ° ÂýØæâ ¥æÂ ·¤Öè Öè àæéM¤ ·¤ÚU â·¤Ìð ãñ´Ð

Ageing trade laws to undergo amendments

NAZMUL AHSAN
The government has taken steps to update a number of trade related laws making them capable to fulfil the requirements of rapidly changing business scenario.
Sources said various laws, including the Company Act, Insurance Act and Society Registration Act, would be amended as per need.
Explaining the reason a high official in the commerce ministry said some of the laws are old and proved to be unsuitable to cope with the demands of time.
"Updating of a few laws is likely to be completed by the next six months," he said.
The Ministry of Commerce recently formed a committee headed by Commerce Secretary
Suhel Ahmed with a view to amending the Company Act 1994. The committee will suggest possible changes with the act.
The members of the committee include Register Joint Stock Company, representative from the Securities and Exchange Commission (SEC), Advocate M Zahir, Barrister Nihad Kabir, President of the Federation of Bangladesh Chambers of Commerce and Industry Yussuf Abdullah Harun and President of the Metropolitan Chamber of Commerce and Industry (MCCI) Tapan Chowdhury.
The government feels that the present Company Act has some lapses. There is also lack of transparency in certain matters like formation of a new company and its operational activities that creates
problems for the private sector, sources said.
The commerce ministry has already prepared a draft on the amendment to the Insurance Act 1938. It has been sent to a consultant for comment prior to finalisation.
The ministry has also formed committees to suggest the government on possible changes with the Society Registration Act 1860 and restructuring of the Registrar of Joint Stock Company, sources said.
Meanwhile, a draft of the proposed Consumer Protection Act has already been finalised and it will be placed at the cabinet meeting shortly, it was learnt.
Consumer Association of Bangladesh and some other
organisations have long been demanding of the government to enact a Consumer Protection Act similar to those laws exist in other countries to protect the consumer rights.
Besides, the commerce ministry is also planning to restructure the Tariff Commission and the Office of the Registrar of Joint Stock Company by recruiting experts from the private sector to bring dynamism in these public institutions.
Earlier, the ministry took similar steps for the Export Promotion Bureau (EPB). The bureau has recently got the approval from the Ministry of Establishment in recruiting officials from the private sector with high salaries.