The High Court, in its full verdict, has recommended the commerce ministry to take necessary steps to amend and update the existing Company Act, 1994 to quickly dispose of the disputes regarding ownership of private and public limited companies.
The High Court (HC) has made 14 recommendations to the commerce ministry to take necessary measures so that the existing Company Act, 1994 is amended and updated. The move aims to quickly dispose of the disputes regarding ownership of private and public limited companies. HC bench of Justice Md Ashraful Kamal made the recommendations in a 232-page full-text judgement on