Regulatory Alerts2007-01-01
Resolution No. 016 of 2007
The Council issued Resolution No. 016 of 2007 to cancel paragraph (b) of Council Resolution No. 74 of 2006, thereby abolishing the mandatory annual service fee of one thousand Egyptian pounds for listed companies. This amendment removes the financial charge previously levied on these entities specifically to cover the cost of reviewing their financial statements. The decision takes immediate effect, streamlining compliance costs for all companies registered under the Council's jurisdiction.
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