Commercial Companies Law

Commercial Companies Law — Article 247

A company shall prepare a register of its shareholders in which the name of each shareholder, his/her nationality, his/her domicile of choice and his/her address, his/her age and the number of shares owned by him/her and any legal disposal of such shares, shall be recorded in the shareholders’ register. The ownership of any share by any shareholder shall not be recognised unless it is registered in the shareholders’ register. The managers of the company shall be jointly responsible for such register and the correctness of its data, and the shareholders and any interested person shall be entitled to peruse such register.

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