One Person Company : A New Pathway For Bangladeshi Entrepreneurs

Abstract

Bangladesh is following the companies act 1994 for the management and regulation of company and company related issues. From then the companies Act 1994 got reformed two times. In the last amendment of companies act, one person company is incorporated under the provisions of company act. In this paper my main focus was to find out the effectiveness of one person company and how it can be utilized to attract foreign direct investment. I started with basic concepts of the one person company, along with its characteristics and necessary information about it. As I had time limitations, I wholly focused on secondary data to complete my dissertation. As sole proprietorship and one person company have almost similar features, I basically focused on comparing the two and establishing how one person is more flexible than the other. The second thing I focused on was the possibility of foreign direct investment in one person company as FDI is important for a country's economic development. To do so, I discussed the possible ways as to how FDI can enter into our country and whether we can use those ways to utilize FDI in one person company. Though, the path of foreign direct investment in one person company is quite narrow, it has potential scope for it. All we have to do is to utilize the opportunity and encourage young entrepreneurs to consider the option of one person company. Then, I concluded my thesis with some suggestions as to make the concept more impactful.