Topic: The Modern Corporation

1. What is Corporation?

2. Types of Corporation

3. Advantages & Disadvantages

4. How to Incorporate in Bangladesh?

5. Business Combination

Corporation is a legal form of business

organization which is created by

government & considered an entity

separate and apart from its owners.

Its owners are termed shareholders &

hold stock certificates as evidence of

their ownership .

It is an artificial person that has been

created by law.

1. Domestic Corporation

2. Foreign Corporation

3. Alien corporation

4. Open Corporation

5. Close Corporation

1. Government Corporation

2. Non profit Corporation

Limited liability

Ease of expansion

Ease of transferring

Long life

Ability to hire Specialized management

Expensive & Complicated to organize

Taxes are frequent higher

Government restrictions are costly and

time consuming

Registering a firm under the companies

act, 1994

RJSC – The regulatory authority

Types of Companies-

1. Private Companies

2. Public Companies

3. Partnership

The Laws involved

Name clearance

Payment of stamp fees

Submission of necessary documents-

1. Name clearance certificate

2. Memorandum of association

3. Declaration notice

4. Directors list

5. Proof of payment

6. Payment of share authorised fee

Obtain TIN

Register for VAT

Trade license

Business combination is the process under

which two or more business organization

doing similar type of business to get

longer scale of production, minimize the

possibility of competition, efficiency etc.

Acquisition

Merger

MERGER

VERTICAL HORIZONTAL CONGLOMORATE

• Acquisition :

Acquisition is purchase one company by

another but no company is newly formed.

• Merger :

Merger is a combination of two companies

to from a new company.

Any Query???