1. The founders shall choose from among themselves a committee consisting of at least two members to complete the company incorporation procedures and registration with the competent bodies. It shall be fully liable for the accuracy, validity and completion of all the documents, studies and reports provided to the relevant authorities in connection with the incorporation, licensing, registration and recording process of the company. In the event of One Person Company (OPC), the founder shall act as the committee. 2. It shall be permissible for the Founders Committee to delegate one of its members or a third party to monitor and complete the incorporation procedures with the Ministry and the Competent Authority according to the controls established by the Ministry in this respect.
Interpretation and application must be checked against the official text and current version.