The constitutive committee shall attach to the application for establishment a copy of the Constitutive Documents signed by all the founders and any data or other documents specified by the Regulations. It shall also attach a bank statement certifying the payment by the founders of the value of the shares in the case of a closed joint stock company. A decision on the application for establishment must be taken within fifteen (15) days of the date of submission of the application satisfying all the required documents. If the application is rejected or the specified period has expired without a decision being taken on the application, the interested persons shall be entitled to make a complaint against the rejection or failure to take a decision on the application in accordance with the procedure set forth by the Regulations.
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