In case the number of founders is less than three such as the death of any of the founders and not his The law here gave a deadline for the rest of the founders to correct the company’s conditions within six months of the date of shortage. In this period, the remaining founders must introduce
By virtue of Law No. 72 of 2017, investors are guaranteed, whether Egyptian or foreign, to transfer project’s funds abroad, whether it is profits or liquidation. This is a guarantee is imposed by the power of law and cannot be reversed.The Egyptian government guarantees to allow the investor to transfer the project’s funds in the
Majority shareholders in a corporation have the power to control the majority of common and extraordinary shares, enabling them to issue resolutions that benefit a specific group of shareholders or harm another, without regard for the overall welfare of the corporation Therefore, the law has granted the right to minority shareholders to either file a
The regular General Assembly shall have the following competence : Financial matters: Second: Matters relating to the Company’s Board of Directors: Third: Auditor’s issues : Forth: Issues related to the company’s liquidation: 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
Merger The merger according to the Companies Law No. 159 of 1981 is by a decision of the Chairman of the General Authority for Investment, Joint Stock Companies, stock partnership Companies, Limited partnership companies, Limited liability Companies, Partnership companies whether Egyptian or foreign, which operate in Egypt, may merge into an Egyptian joint stock company
The right to sell and redeem shares in the Limited Liability Company is divided into two types: First: The right to sell and redeem the pledge. If a partner wishes to sell an actual share, he shall notify the company with a letter recommended by the company to obtain the company’s headquarters with the desire
Joint Stock Company Shareholders The joint stock company shall consist of a number of not less than 3 and without a maximum. In the case of being a closed subscription, the maximum number of shareholders shall be 100. The liability of the shareholder shall be limited to the performance of the value of the shares
Held: The extraordinary General Meeting shall convene whenever necessary Invitation: The Chairman of the Board may invite them in case of necessity. The Board of Directors must invite the extraordinary general meeting, if requested by the auditor or shareholders who own at least 10% of the capital, for serious reasons provided that they deposit their
How to establish it Any natural or legal person may, if one of his purposes establishing the company, establish one-person company A company that takes the same provisions as the company with limited liability. It is prohibited for one-person company to establish another company of one-person companies. Capital The minimum capital is fifty thousand pounds
(Partners) A limited liability company is a company of funds consisting of at least two partners and no more than fifty partners. All or some of the partners may be individuals or companies whether they are Egyptians, foreigners or both. In the event that all partners are foreigners, one of the directors must be Egyptian.
