The role of private limited company in the socio-economic development
The role of private limited company in the socio-economic development
of
MD.ABU BAKAR SIDDIQUE
LL.B(Hon'S)
NUB,Rajshahi Campus.
Introduction:
There is no doubt that the private sector has brought about prosperity in development of not only
Definition of private company:
Sec: 2 (q) "private company" means a company which by its articles--
(i) restricts the right to transfer its shares, if any;
(ii) prohibits any invitation to the public to subscribe for its shares or debenture, if any;
(iii) limits the number of its members to fifty not including persons who are in its employment;
Provided that where two or more persons hold one or more shares in a company jointly, the shall, for the purposes of this definitation be treated as a single member; 1
There are a lot of private limited company in
Bangladesh Telecom (Pvt) Limited (BTL),Yellow Pages (Pvt.) Ltd, Bismillah Airlines, Dutch Bangla Bank Limited, Akij Group, Beximco, Karnafuli Fertilizer Company , Adamjee Jute Mills, Amico Laboratories ,The ACME Laboratories Ltd ,Beximco Pharmaceuticals Ltd ,Eskayef Bangladesh Limited ,Incepta Pharmaceuticals Limited Khan Brothers Shipbuilding Ltd.The propose argest shipbuilding industry in Bangladesh,Square Pharmaceuticals Ltd. Bangladesh, Rural Power Company Limited. Seba Telecom. (Pvt.) Ltd.
Seba Telecom. Pvt. Ltd. (ISL),Ranks Telecom. Ltd.,Dhaka Telephone Co. Ltd.
What is socio-economic development?
Socioeconomics or socio-economics is the study of the relationship between economic activity and social life. The field is often considered multidisciplinary, using theories and methods from sociology, economics, history, psychology, and many others. It has emerged as a separate field of study in the late twentieth century. In many cases, however, socioeconomists focus on the social impact of some sort of economic change. Such changes might include a closing factory, market manipulation, the signing of international trade treaties, new natural gas regulation, etc. Such social effects can be wide-ranging in size, anywhere from local effects on a small community to changes to an entire society.
The role of private limited company in the socio-economic development of
Private sector driven economic development is the key
NGOs and Poverty Alleviation:
Non-Government Organizations (NGOs) have emerged as an integral part of the institutional structure for addressing poverty as well as rural development, gender equality, environmental conservation, disaster management, human rights and other social issues. The NGOs, in order to support social and economic empowerment of the poor, have vastly widened their activities to include group formation, micro credit, formal and non-formal education, training, health and nutrition, family planning and welfare, agriculture and related activities, water supply and sanitation, human rights and advocacy, legal aid and other areas. These
organizations mostly follow the target-group strategy under which the poor with similar socioeconomic interests are organized into groups to achieve their objectives
In respect of poverty alleviation, principal instruments of NGO programmes involve micro credit, skill development and employment generation. It is estimated that nearly 80 percent of the villages in
Till June 1999, of all the NGOs, BRAC, PROSHIKA and ASA accounted for 60 percent of active membership, 71 percent of each cumulative disbursement and net savings, 61 percent of revolving loan fund and 72 percent of outstanding loans.
The income generating activities, where substantial microcredit disbursement has been made, include small trade (42 percent), livestock (18 percent), agriculture (13 percent) and food processing (9 percent).
The Role of Private Limited company in Power Generation of Bangladesh
The demand of electricity is increasing day by day. For economic emancipation and in order to meet the Millennium Development Goals, the electricity growth that is generating more electricity, building more transmission/ distribution capacity, bringing more area/ population under electricity coverage and ensuring more efficient management of these are the essential issues. According to the power sector growth in the country, the country needs new 400 MW power each year to meet the growing demands. Building of this particular infrastructure require large amount of capital and is encountering increasing difficulties to finance the required capacity either through the government budget or even by the international development agencies and financing organizations. But the government of
Pharmaceuticals (pvt) Ltd.
Pharmaceuticals business as a means to the material and social wellbeing of the investors, employees and the society at large, leading to accretion of wealth through financial and moral gains as a part of the proces s of the human civilization
Their
Their objectives are to conduct transparent business operation based on market mechanism within the legal & social frame work with aims to attain the mission reflected by our vision.
Yellow Pages (Pvt.) Ltd:
Yellow Pages (Pvt.) Ltd. with the “Yellow Pages’’ Trade Mark & Copy Right registered Company in
Yellow Pages (Pvt.) Ltd. was established in 1991 with an aim to provide authentic business information to the people of
The first edition of Bangladesh Yellow Pages® was published in 1992. Since then the company is serving the people with publishing Commercial & Industrial Guide under strong leadership of Mr. A.I.M. Hasanul Mujib. Yellow Pages (Pvt.) Ltd. is also providing online services through telephone and e-mail to meet the needs and satisfy the queries of people. Initially Yellow Pages (Pvt.) Ltd. starts its race with a few staff and a small setup. But today this company is operating its activities from Dhaka,
The private Company in web:
The private Company plays significant role in domestic and export market, especially in Internet and Custom Software Development, Corporate Business solution for Pharmaceutical, Telecommunication and ISP’s, Hi-end OS level products in C/C++ and lately in Customized Hardware and Network Infrastructure development.
To provide highly integrated solutions, inherit and follow best business practices, on-time delivery of products & services, complete linkage between up, mid and down stream sectors through establishment of effective communication, improved profit realization and thus enabling competitive edge in pricing, ease price pressures on account of intense competition, improve customer services and thus larger market penetration, optimal utilization of resource capacity, achievement of high productivity, accurate pre-production planning, capacity scheduling, follow up activities, result to, quicker response, greater accuracy and rational decision making.
Best Air: Private Airlines:
Best Air, a subsidiary of Best Aviation is a domestic private airline of
Conclusion:
We all understand that challenges of