Commercial Companies Law

Commercial Companies Law — Article 30

Part One · General Provisions · Chapter Three · Conversion, Merger, Dissolution and Liquidation · Section One · Conversion

A company may be converted to another form of company by a resolution issued in accordance with the rules prescribed for amending the Constitutive Documents, after compliance with the conditions prescribed for the form to which the company is intended to be converted. The resolution of conversion must be accompanied by a statement of the assets and debts of the company and the estimate value of such assets and debts and the endorsement of the conversion of the company shall be made by the Registrar. The resolution of conversion must be published within fifteen (15) days from the date of its issuance.

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