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Business Laws
CA Certificate Level
Hand Book & MCQ Question Bank

Nobel Saha
CA Professional Level

Abdullah Al Nabil
CA Professional Level
ACCA Applied Skills Level
Nobel Professional Academy 3

A novel choice of professional students.

Our Services:
 Providing proper guideline to pass the examination.
 Taking class properly via virtual medium.
 Providing special care to weak students.
 Providing shortcut technique.
 Motivating students.
A free class will be provided to understand the quality of our class.
We provide proper guideline for all subjects by expert mentors.
If anyone is interested to join for any subject may contact with mentioned number.
 Mobile number: 01634-708899
 Email address: nobelsaha.icab@gmail.com
By the grace of Almighty as well as with the encouragement of well-wishers, I have
started my journey with Nobel Professional Academy to help all of you via this
platform.

People who are trying too much to pass the exam but unfortunately are still unable to
get your desired result have the opportunity to understand what is the actual reason
behind that result as well as to know what is actually need to get yourself ready to pass
the exam by joining our academy.

I think, many of us have huge knowledge but are not passing the exam for missing some
techniques. We will provide those techniques to you so that just applying these you will
be able to pass the upcoming exam by the grace of Almighty.

In our academy, a free class will be given to all of you for each subject so that you can
be able to understand what we will provide and it will help you to make your decision.

If anyone interested to join in any subject are requested to contact with the mentioned
number.

Finally, all of you are requested to keep me in your prayer so that i can go a long way
with all of you. Wishing all of you the best.
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Chapter 1
Overview on the Companies Act, 1994
***[Note: All of you who want to pass the Business Laws at first
attempt must read the topic given below as well as manual of ICAB
before practicing the MCQ. As in the manual, 37 pages are given to
gain basic knowledge regarding companies act, here those
information are given which are not given in the manual of CL but
are very much important.]***

2nd amendment of the Companies act happened on 26 November, 2020.

In this amendment excellent decisions were taken by the Government
for ease of doing business in Bangladesh.

Inserted section 11(ka) Indication of limited company:***

 Public limited company – PLC
 Private limited company – LTD
 One Person Company - OPC

One Person Company (OPC) --- U/S 2(Kha Kha)***

 Shareholder – Only one natural person
 MOA & AOA of OPC U/S 392(ka) - As per Schedule 9(ka) and
9(kha)
 Incorporation U/S 392(kha) - Only one company can be
incorporated by a natural person.
 Name of Nominee and written consent of nominee incorporated in
the MOA –
 Nominee will be the shareholder if the only shareholder (1) death
(2) Incapacity or (3) Unsound.
 Share Capital of OPC U/S 392(Ga) – minimum 25 Lakh and
maximum 5 Crore. Preceding one year Turnover minimum 1 crore
maximum 50 crore. Can be converted into Private Limited Company or
Public limited Company.
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Frustration: As per Companies Act 1994 u/s 6, each subscriber of the
memorandum shall take at least 01 (One) share.
 Incorporation process U/S 392(Gha) – Like private limited
Company.
 Director U/S 392(Oma) – Only one share holder will be the director.
 Meeting U/S 392(Cha) – Minimum one Board meeting in one
calendar year.
 Change of MOA & AOA U/S (ChCha)– Section 12 applicable.
 Share transfer U/S 392(BJa) – Whole share can transfer to another
natural person and section 38 applicable.
 Balance Sheet U/S 392(Jha) – Balance sheet should be submitted to
the Registrar within 180 of ending the financial year.
 Authentication of FS by the only shareholder director.
 Audit U/S 392(Eno) – Section 210 applicable.
 Loan taken and repayment U/S 392(Ta) – Section 159 to 175
applicable.
 Voluntary winding up U/S 392(Tha) - Section 234 of companies Act
1994 applicable.