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 or borrowing by issuing negotiable securities.
5- Engaging in insurance work, banks, savings, receipt of deposits or investment of funds for third parties.
For more in-depth details refer to Alwafi’s book in corporate law in theory and practice.
Dr. Mahmoud Mostafa Abdullah.
Consultant. Ola Mostafa Abdullah.