Commercial Companies Law

Article 312 — Article (312) Notice of Dissolution to Competent Authority and Registrar

Part Eight: Termination of the Company's MOA · Chapter One: Reasons for Termination of Companies

1. The entity responsible for managing the Company shall notify the Competent Authority and the Registrar of any event giving rise to the dissolution of the Company. 2. If the partners agree to dissolve the Company, the agreement shall include the method of liquidation and the name of the liquidator. 3. Upon dissolution or liquidation of the Company, no partner or shareholder shall be entitled to a share of its capital until its debts have been paid.

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