Commercial Companies Law

Article 346 — Article (346) Providing Information that is False or Contrary to Law

Part Eleven: Offences and Penalties

A penalty of imprisonment sentence ranging from six [6] months to three [3] years and / or a fine between AED [200,000] two hundred thousand dirhams and AED 1,000,000 [one million dirhams] shall be imposed on whoever deliberately inserts in the MOA or AOA of a Company, a shares or bonds prospectus, or in any other Company documents any information that is false or contrary to this Decree Law. The penalty shall also be imposed on whoever knowingly signs or circulates such documents despite those facts.

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