IMPLEMENTING REGULATIONS OF
THE COMPANIES LAW

HIGHLIGHTS OF THE IMPLEMENTING REGULATIONS OF THE COMPANIES LAW:

• The Implementing Regulations detail essential procedures and requirements for compliance with the Companies Law.
• They provide guidelines for filing financial statements, reports from auditors and directors, and criteria for appointing auditors.
• The regulations outline terms and exemptions specifically tailored for small and micro enterprises to ensure inclusivity and comprehensive compliance.
• Emphasis is placed on fostering corporate governance and transparency within the business sector.

ISSUER OF THE IMPLEMENTING REGULATIONS OF THE COMPANIES LAW:

The Implementing Regulations are issued by the Ministry of Commerce except for joint-stock companies listed in the capital market, where
the Competent Authority is the Capital Market Authority. The regulatory authority is responsible for overseeing corporate governance and compliance within the jurisdiction.

WHO IS SUBJECT TO IMPLEMENTING REGULATIONS OF THE COMPANIES LAW:

All entities operating as companies, including corporations, partnerships, and other forms of business entities, fall under the purview of these regulations.