If one or more shareholders offer contributions in kind, the shareholder shall specify its kind, place and value in a report prepared by a valuation office or an auditor licensed to practice in the Sultanate. The Ministry may estimate the value of such contribution by itself or by referring it to one or more experts. If the incorrectness of the estimation of the contribution has been established the provider of the contribution, valuator and the auditor, as the case may be, shall be responsible to the Ministry and to the third parties for correctness of the estimation of the value of the contribution. However, if it has been established that the value of the contribution was estimated at more than its real value, the provider of the contribution must pay the difference in cash to the company and he/she shall be liable to the extent of his/her personal property for payment of the difference.
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