President His Highness Sheikh Khalifa bin Zayed
Al Nahyan has issued Federal Decree-Law No. 07 of 2018 amending articles within
Federal Law No. 02 of 2015 on Commercial Companies.
The Decree stipulates that Article 14 of Federal
Law No. 02 shall be amended to reflect that the Memorandum of Association of a
company and each amendment thereto shall be made in Arabic and attested by a
competent authority, failing which the Memorandum of Association or the
amendment thereto shall be null and void. If the Memorandum is issued in a
foreign language in addition to Arabic, the Arabic text shall be the applicable
text in the State.
The
Memorandum of Association shall be attested by the competent authority in
person or by electronic signature as determined by the authority. In specific
cases, as deemed by the authority, a Notary Public shall attest to the Memorandum of Association.
The Decree-Law shall be effective from the day
of issuance and shall be published in the
Official Gazette.
No comments:
Post a Comment