Regulatory Alerts1981-01-01
Law No. 159 of 1981 on Joint Stock Companies, Partnerships Limited by Shares, and Limited Liability Companies
Issued by the Egyptian government, this law establishes the comprehensive legal framework for the formation, governance, and dissolution of joint stock companies, partnerships limited by shares, limited liability companies, and single-owner companies. It mandates strict registration procedures, defines the liability limits for shareholders and partners, and regulates capital contributions, including the valuation of in-kind assets. The legislation also outlines the powers of the General Authority for Investment and Free Zones, sets penalties for non-compliance, and repeals previous conflicting company laws.
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