Dishonor of cheques is a significant legal issue in Bangladesh. It results in financial conflicts and troubled business relationships. Under the Negotiable Instruments Act, when a cheque is returned unpaid due to insufficient liquidity or other factors, it could lead to criminal liability. That’s why a proper understanding of legal remedies is essential to protect […]
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The registration process for a non-profit organization in Bangladesh is quite complex. It requires thoroughness to detail and compliance with relevant laws and regulations. The process involves gaining government approval, registering with the related government authorities, establishing a board of directors, and other activities. It is important to plan, research, and prepare properly to ensure
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Freelancing offers flexibility and freedom, but it also comes with the responsibility of managing your own finances, including understanding and paying taxes. For freelancers in Bangladesh, navigating income tax can be a bit tricky, especially if you’re just starting out. But don’t worry – this guide will provide essential income tax tips for freelancers to
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Bangladesh’s tax framework plays a crucial role in driving economic growth and funding public services, with taxes contributing 80% of the country’s total internal revenue. The system covers both personal and corporate income, with corporate tax measures designed to create a balanced tax structure. Bangladesh’s tax system follows a progressive model, where ‘the more a
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Income tax enjoys a significant status as one of the government’s major revenues. It is very important to know how one is qualified to pay his income tax to respect his obligations to the nation. The procedure for income tax computation in Bangladesh can be said to be, to a certain extent, complicated. This is
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The Prime Minister of Bangladesh launched the Universal Pension Scheme 2023 on August 17. This program offers residents a route to a self-sufficient retirement. It will be possible for people to save for a self-sufficient retirement within their means, even if their income is modest. The Universal Pension Management System has been developed on a
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Black money or undisclosed money can lead to severe legal consequences, including fines, imprisonment, or asset seizure. Even being associated with black money can damage your personal and professional reputation. So, how to whiten black money (undisclosed money) in Bangladesh? Legal Advice BD is here to help! Understanding Black Money Black money refers to income
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Every year, thousands of Bangladeshi people go for divorce. According to reports, the divorce rate per 1,000 individuals surged from 0.7% in 2021 to 1.4% in 2023. But the majority of these divorces aren’t done following the laws. So, how to get a divorce in Bangladesh? In this article, we’ll walk you through the process! If you
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Many people might think that the process of registering a company in Bangladesh is quite complicated. Worried about the company registration process? Legal Advice BD is here to help! With careful planning and the right resources, you can successfully register your company and embark on a rewarding entrepreneurial journey in Bangladesh Please enable JavaScript in
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In Bangladesh, holding Annual General Meetings (AGMs) is a vital responsibility for companies to ensure transparency and accountability to their shareholders. AGMs allow shareholders to review the company’s performance, elect directors, and make important decisions regarding its future. Understanding AGMs’ procedures and legal requirements is crucial for companies operating in Bangladesh to comply with regulatory
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