Sunday, September 23, 2018 | ePaper

HC rule

Why Destiny should not be abolished

  • Print
Staff Reporter :
The High Court (HC) on Tuesday issued a rule asking the authorities concerned to explain as to why they should not be directed to abolish Destiny 2000, a controversial multi-level marketing company, as there is no director available to run its operations.
The court also asked the Destiny 2000 and the Registrar of Joint Stock Companies and Firms to reply to the rule in this regard.
The bench of Justice Md Rezaul Hasan passed the order and after hearing a petition filed by Lt Gen (rtd) M Harunur Rashid, one of the seven directors of Destiny 2000, seeking
permission to hold an annual general meeting of the company.
In the rule, the HC bench also asked the respondents to show causes as to why the petition should not be converted to a winding up-related petition.
While passing the order, the court asked, "How only a director can hold the company's annual general meeting while two out of seven directors of Destiny 2000 are in jail and four are absconding."
Only Director Lt Gen (Rtd) Rashid is on bail on a condition that he cannot contact with the company, the court said.
It also said that the bank accounts of the company will remain frozen.
Advocate A B M Siddiqur Rahman Khan appeared in the court on behalf of the company.

More News For this Category

Corruption at Mongla, Burimari Ports  rampant: TIB

Corruption at Mongla, Burimari Ports rampant: TIB

Staff Reporter :Transparency International Bangladesh (TIB) has reveled a study report about the corruption scenario in the country's second seaport; Mongla and the land port, Burimari saying that businessmen are

BB team to tackle cyber hacking round the clock

Special Correspondent :The central bank last week formed a four-member cyber security team amid growing concern over cyber hacking in its systems, which often lead to financial misappropriation through SWIFT

Writ seeks commission to probe 4000 fictitious cases against BNP men

Staff Reporter :Three Pro-BNP lawyers on Sunday filed a writ petition with the High Court seeking its directive on the government to form a high-powered commission to investigate the authenticity

Form poll-time govt, reform EC before nat`l polls: Dr. Kamal

Gono Forum President Dr. Kamal Hossain on Sunday urged the government to form a neutral poll-time government and reconstitute the Election Commission (EC) before the upcoming general election.He also strongly

Accused brought back from UAE

UNB, Narayanganj :An accused in the schoolgirl Monalisa murder case who was arrested by Interpol in the UAE was handed over to Bangladesh police on Sunday.The International Criminal Police Organization

 Demo for drinking water in Gazipur

Demo for drinking water in Gazipur

Md Joynal Abedin Khan with Mehidi Hasan Biplob :Several thousand Readymade Garment (RMG) workers have vowed to continue fight for pure drinking water in all factories across the country.Thousands of

US rejects Iran blame over parade attack

WASHINGTON (Reuters) :U.S. Ambassador to the United Nations Nikki Haley on Sunday rejected Iranian fingerpointing at Washington over a deadly parade attack, saying Iranian leaders should look closer to home.Before

Mahmudullah Riyad of Bangladesh plays a shot during the super four match of the Asia Cup between Bangladesh and Afghanistan at Abu Dhabi on Sunday. Bangladesh scored 249 for the loss of seven wickets in the allotted 50 overs thanks to Mahmudullah, who notched up the team's highest of 74.

Mahmudullah Riyad of Bangladesh plays a shot during the super four match of the Asia Cup between Bangladesh and Afghanistan at Abu Dhabi on Sunday. Bangladesh scored 249 for the loss of seven wickets in the allotted 50 overs thanks to Mahmudullah, who notched up the team's highest of 74.

Mother 'hacked to death' by 'drug addict' son

UNB, Kushtia :A woman was reportedly hacked to death by her 'drug addict' son in Angdia village of Daulatpur upazila on Sunday morning.The deceased was identified as Banera Khatun, 45,

We are ready for war, but choose to walk path of peace: Pakistan Army

Dawn.com :Moments after Times of India reported inflammatory statements by Indian Army Chief General Bipin Rawat on Saturday, the Pakistan Army spokesperson responded by saying: "We [Pakistan Army] are ready