Against the backdrop of fraudulence by Destiny 2000 Ltd, the cabinet gave the approval, Cabinet Secretary M Musharraf Hossain Bhuiyan told reporters after the meeting.
If the act was passed, the government would be empowered to appoint administrator to any registered company if any allegation of fraudulence came to light against it, Musharraf said.
Prime Minister Sheikh Hasina presided over the meeting held at the cabinet division of the Bangladesh Secretariat.
The cabinet also approved a proposal of signing a Memorandum of Understanding (MoU) with Malaysia on exporting manpower, he said.
According to the MoU, about 5 lakh people would be sent to Malaysia for job in the last five years.
The cost for each worker will be Tk 40,000.
Musharraf informed that the Awami League-led grand alliance government has implemented 92 percent of its decisions which were taken in the cabinet meetings during its nearly four-year tenure.
Meanwhile, the implementation rate was 76 percent for the BNP-led four-party alliance government during its four-year tenure, he said.
The incumbent government, during its regime, held 168 cabinet meetings and took 1,121 decisions, of which 1,029 were implemented.
Of the total implementation, around 196 laws have been passed in parliament.
During the BNP-led alliance tenure, a total of 162 cabinet meetings were held and 578 decisions were taken, of which 438 were implemented.
Musharraf said that the cabinet expressed its satisfaction over implementation of its decisions and focused on implementing more in future.
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