Part of the authorized capital can remain unissued. Directors must be at least 18 years of age and must not be bankrupt or convicted for any malpractice in the past.
You must state the authorized capital in the Memorandum of Association and Articles of Association. Minimum two directors are mandatory. We would like to assure owners and sailmakers that in the majority of cases this will not mean measurement of existing sails or adverse effect on rating.
Authorized Capital. The name must be approved cleared before incorporation of the company in Bangladesh.
On the other hand, for Public Limited Company minimum member should be seven and the maximum is unlimited. However, this version is not definitive and there may be exceptions — do not rely on this document in a protest meeting!
Fees are quoted for submission of completed excel forms. There is no minimum or maximum limit for authorized capital in Bangladesh. There is no change to the rule, this is simply an administrative update.
Then registration fees along stamp duty to be paid. Unless you think that the actual measurement is larger than this, you will not need to have your headsail measured. Where the actual HUW is larger than default, then of course this must be declared.