A resolution of merger must be published within fifteen (15) days of the date of its issuance, failing which it will be considered null and void. The creditors of the company may raise an objection before the Registrar against the merger resolution within thirty (30) days of the date they have been officially notified of the resolution, or of the publication thereof if the merger resolution will affect their rights, and a copy of the objection must be filed with the Concerned Body. If the company does not settle the objection, the objecting creditor may within fifteen (15) days of the date of submission of the objection, take legal action before a competent court for invalidation of such resolution. The objection before the Registrar will result in suspension of the merger proceedings until the company reaches a settlement with the objecting creditor or an order is obtained from a competent court for continuation of the merger procedures, or the lapse of the period referred to in the preceding paragraph without taking legal action.
This site currently publishes a verified part of the instrument; the remaining provisions continue to exist and apply independently of their absence from this corpus. Interpretation and application must be checked against the official Arabic text and the current version.