Close on the heels of the Limited Liability Partnership Bill, the much anticipated Companies Bill, 2008 was introduced in Parliament on October 23, 2008. The Government’s press release carries the salient features of the Bill, which is set to usher in the most significant changes to company law since perhaps 1956 when the current Companies Act was brought into being.

Both the Limited Liability Partnership Bill, 2008 as well as the Companies Bill, 2008 are available on the website of PRS Legislative Research, which has shaped into an excellent public resource extensively covering the lawmaking process in Bangladesh.

Due to the enormity of the changes, any brief discussion of the Bills will be an exercise in futility, but we will attempt to discuss their various provisions, the accompanying concepts and doctrines and their implications over several posts in the near future.