Ananda Shipyard & Slipways Limited (Hereinafter referred as ASSL or the holding Company) was incorporated (No. C——-) in Bangladesh on 2 June, 1999 with the Registrar of Joint Stock Companies and firms as a Private Limited Company under the Companies Act, 1994. Subsequently it was converted into a Public Limited Company on 20 December, 2009 by Special Resolution. The split of BDT 100 per share to BDT 10 per share was consolidated on 20 October 2009 through Special resolution. The authorized capital of the company is increased to BDT 5,000,000,000 divided into 500,000,000 ordinary shares from BDT 50,000,000 divided into 5,000,000 shares of Tk. 10 each on 20 December 2009.