Subject to the provision of Article [10] of this Decree Law, any requirements laid down by the Cabinet or Competent Authority shall be observed on the formation of the board of directors. If the ratio of UAE nationals in the board of directors falls below the limit set forth in such Article, the deficit shall be rectified not later than three months. Otherwise, the resolutions of the board of directors shall be null and void.
Interpretation and application must be checked against the official text and current version.
+7 (495) 221 31 46