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What is the issued capital in a joint stock company?

• By mmadmin
• 2 Jun 2024
• 0

Doctor/ Mahmoud Mostafa Abdallah Doctor/Ola Mostafa Abdallah

Shareholders’ attendance at the Extraordinary General Assembly

• By mmadmin
• 2 Jun 2024
• 0

Shareholders shall be present at the extraordinary General Assembly meeting at the original or acting level. For more in-depth details refer to Alwafi’s book on corporate law in Theory and practice Dr. Mahmoud Mostafa Abdullah. Consultant. Ola Mostafa Abdullah.

Shareholders’ attendance at the Regular General Assembly

• By mmadmin
• 2 Jun 2024
• 0

Shareholders shall be present at the Regular General Assembly meeting at the original or acting level. The assignment shall be fixed by a written power of attorney. The agent may be a contributor or non-contributor. A contributor other than a member of the Board of Directors may not accede to a member of the Board […]

Formation of the Board of Directors

• By mmadmin
• 2 Jun 2024
• 0

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 three years. The founders shall appoint […]

Which is the strongest bank check or receipt of the trust?

• By mmadmin
• 2 Jun 2024
• 0

In the business community, the receipt of the secretariat was commonly stronger than the bank cheque as a means by which the creditor required its debtor: Since the receipt of the secretariat is a very weak and fragile means and makes it entirely easier for the debtor to disclaim the value of the receipt of […]

What are the types of companies in Egypt, What is the difference between them and Which ones are better ?

• By mmadmin
• 2 Jun 2024
• 0

Many customers always ask this question to answer with the following : First of all, there are six forms of companies in Egyptian law. These forms are divided into two types people and money companies. People’s companies are two types : Solidarity Company All its partners must be in solidarity and the simple recommendation company […]

What is a limited liability company?

• By mmadmin
• 2 Jun 2024
• 0

Many clients always ask this question and answer it with the following: A simple company consisting of two partners, whether natural persons or legal persons, whether Egyptian or foreign nationals and up to a maximum of 50 partners, with no minimum capital and No capital deposit required, managing this company by one or more directors, […]

The penalties of the Board of Directors

• By mmadmin
• 2 Jun 2024
• 0

Act No. 159 of 1981 provides for the Board’s penalties in the following articles:  First: Article 160 stipulates that the General Assembly may decide to remove the members of the Board of Directors and bring liability proceedings against them.  The decision shall be valid when approved by the companies holding half the capital after excluding […]

Protecting Minority Shareholders’ Rights in a Limited Liability Company

• By mmadmin
• 2 Jun 2024
• 0

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 […]

What are the competencies of the board of directors in a limited liability company?

• By mmadmin
• 1 Jun 2024
• 0

Competences of the Board of Directors in a Limited Liability Company:Demanding the company manager to submit reports on his management activities.Examining the company’s logbooks and doc