The law requires that the number of partners in the limited liability company be not less than two and not more than fifty partners, whether the partners are natural persons or legal persons and whether they are Egyptian or foreign nationals. For more in-depth details refer to Alwafi’s book in corporate law in theory and
1. Undertakes to exercise the care of a man who is careful in the exercise of his competences. 2 – May not manage another company of any kind if it operates in the same business or one of its branches. 3. He may not contract with the company which he manages for his or another’s
One person’s company dissolves and its legal personality expires in the following cases: – 1 – In case of loss of half of the company’s capital unless its owner decides to continue the activity. 2. If the founder of the company is quarantined or lost to his parents. 3 – The death of the founder
The law prohibits one person’s company from carrying out the following activities and actions: 1- Establishment of one company per person. 2- Public offering both at the time of its establishment and when its capital is increased. 3. Their equity shares shall be in the form of negotiable shares. 4_ Issuing any type of securities
The ordinary General Assembly shall be held at least once a year within three months of the end of the financial year or whenever necessary that it is invited to meet by: 1 – The Chairman of the Board of Directors of the Shareholding Company or the Director of the Liability Company Limited may invite
The minimum capital of one person’s company is 1,000 pounds and must be paid in full upon incorporation. The company’s capital may include a material or moral share of the capital of the company. The price of the company must be paid in full and assessed in the manner of the experts. In the case
A company consisting of one person whether that person is a natural or legal person and whether he is an Egyptian national or a foreigner with a legal personality separate from its founder and has a separate trade name and financial edifice. Its founder does not ask in the debts of the company more than
Many clients always ask this question and answer it as follows: JSC is one of the strongest types of companies in Egypt and has been singled out by law to make its money in the rule of public money and has two types of subscription: The IPO is on the stock exchange and we see
The extraordinary General Assembly is competent to the following : 1 – Modify the Company’s system provided that this does not entail an increase in shareholders’ obligations unless all shareholders agree to the amendment. Any decision of the extraordinary. 2 -General Assembly that would prejudice the fundamental rights of shareholders shall be invalid Increase licensed
First: JSC’s Board of Directors consists of at least three members and has no maximum limit . Second: The Chairman of the Board of Directors, a member or a Managing Director may be a non-contributor and appoint the General Assembly . Third : the General Assembly shall be selected for a period of three years.
