Regulatory Alerts1982-01-01
Decision of the Minister of Economy No. 96 of 1982 on the Executive Regulation of Law No. 159 of 1981 on Joint Stock, Partnership Limited by Shares, and Limited Liability Companies
The Egyptian Minister of Economy issued Decision No. 96 of 1982 to establish the Executive Regulation governing the establishment, capital requirements, share subscription procedures, and corporate governance of joint stock companies, partnerships limited by shares, and limited liability companies. The regulation mandates minimum capital thresholds, public subscription prospectus approvals, independent valuation of in-kind contributions, and strict disclosure rules for company names and financial data. It further outlines the powers of founding assemblies, the jurisdictional division between the General Authority for Investment and the Capital Market, and detailed procedures for handling under-subscription, capital increases, and company dissolution.