A powerpoint presentation on Partnership Business, Private, and Public Limited Company made for the academic course 'Legal Environment of Business-1' or simply put, Business Law in a BBA program.

1. WELCOME
MGT-202: Legal Environment of Business-1

2. Partnership Business, Private,
and Public Limited Company
A presentation on
Presented by Business Junction

3. GROUP 9
Name ID
Supty 1805
Md. Ashraful Alam 1824
Md. Shakibul Hassan 1825
Durjoy Sarker 1834
Avijit Dutta Shaon 1836
Shahed Ahmed Rafi 2261 3

4. PARTNERSHIP
BUSINESS
4
Ch. 2

5. WHAT IS PARTNERSHIP BUSINESS?
A legal form of business
ownership comprising two or
more individuals.
5

6. ESSENTIAL ELEMENTS OF PARTNERSHIP BUSINESS
▰ Contract
▰ Association of two or more persons
▰ Carrying on of business
▰ Sharing of profits
▰ Mutual agency
6

7. TYPES OF PARTNERS
▰ Working Partner
▰ Sleeping Partner
▰ Nominal Partner
▰ Partner by Estoppel
▰ Limited Partner
▰ Secret Partner
▰ Partner by Holding Out
▰ Sub-Partner
▰ Partner in Profit
▰ Minor Partner
7

8. CLASSES OF PARTNERSHIP
8
objectives tenure nature
According to...
1. Partnership at Will
2. Particular Partnership
1. Partnership for Fixed Term
2. Flexible Partnership
1. General Partnership
2. Limited Partnership

9. REGISTRATION OF PARTNERSHIP AGREEMENT
▰ Promote mutual understanding and trust among the
partnership members
▰ Is a testimony to the terms and conditions on which the
business is founded
9

10. STEPS TO FOLLOW FOR REGISTRATION
10
Name & address
of the partners,
firm, & business
Nature of
business
Duration of
partnership
Share of profit
taken by each
partner
Amount of capital
contribution of
each partner
Terms of
retirement
Mode of
management
Interest of
borrowings
Dissolution of
partnership

11. STEPS OF PARTNERSHIP REGISTRATION IN
BANGLADESH
11
Taking name
clearance
certificate
Date of
establishment
Duration
Principal place
& address
Partners’
joining date
Partners’
particulars
Business
particulars
Application
submission

12. REQUIREMENTS TO START THE BUSINESS
AFTER REGISTRATION
12
Trade license
TIN certificate
for firm
Bank
account
VAT registration
certificate
Import
registration
certificate
Export
registration
certificate

13. CONSEQUENCES OF NON-REGISTRATION
▰ One partner will not be able to sue another partner
▰ An unregistered firm cannot sue any third party
▰ Firms without registration are unable to claim a set-off in a suit
▰ However, there are exceptions to the to the rules above
13

14. COMPANY
PUBLIC & PVT LTD
14
Ch. 3

15. WHAT IS A COMPANY?
An association of several
people, formed for some
common purpose, and
registered according to the
law relating to companies.
15

16. CHARACTERISTICS OF A COMPANY
▰ Registration
▰ Legal Personality
▰ Common Seal
▰ Permanent Existence
▰ Capital
▰ Registered Office
▰ Transferability
▰ Statutory Obligations
▰ Limited Liability
▰ And more
16

17. WHAT IS A PRIVATE LIMITED COMPANY?
17
Restricts members to
transfer shares
Limited number of members
Prohibits invitation to subscribe
for shares or debentures

18. WHAT IS A PUBLIC LIMITED COMPANY?
18
Incorporated voluntary
association of members
Separate legal existence
Limited liability of members

19. FEATURES OF A PUBLIC LIMITED COMPANY
▰ Number of members
▰ Prospectus
▰ Share capital
▰ Transferability of shares
▰ Board of directors
▰ Limited liability etc.
19

20. PROCESS OF COMPANY REGISTRATION
IN BANGLADESH
20
Post-
registration
compliance
Submission
of
documents
to the RSJC
Opening of
bank
account
Drafting of
required
documents
Name
clearance

21. Memorandum
of Association
21

22. WHAT IS MEMORANDUM OF ASSOCIATION (MoA)?
the basic document which
lays down how the company
is to be constituted and what
work shall undertake.
22

23. CLAUSES OF MEMORANDUM OF ASSOCIATION
IN COMPANY ACT, 1994
▰ Name clause
▰ Registered office clause
▰ Objective clause
▰ Liability clause
▰ Capital clause
▰ Association clause
23

24. ARTICLES OF ASSOCIATION
a document that specifies
the regulations for a
company's operations and
defines the company's
purpose.
24

25. Registration
of Articles
25

26. DIFFERENCES BETWEEN
PUBLIC AND PRIVATE LIMITED COMPANY
26
Number of
members
Transfer of
shares
Restriction
on invitation
to public
Number of
directors
Issue of right
shares
Restriction
on name
and more

27. 27
Conversion of Private Ltd. Company into
Public Ltd. Company

28. WINDING UP OF A COMPANY
Under the company law 1994, there are three modes of winding up a
company.
I. By the court or
II. Voluntarily or
III. Subject to the supervision of the court
28

29. 29
CONCLUSION

30. 30
THANK YOU FOR LISTENING
Any questions?