Commercial Companies Law

Article 347 — Article (347) Overvaluation of In-Kind Contributions

Part Eleven: Offences and Penalties

A person who, in bad faith, valuates the in-kind contributions of founders or shareholders above their actual value shall be liable to imprisonment sentence for a term between six [6] months and three [3] years and / or a fine between AED 200,000 [two hundred thousand dirhams] and AED 1,000,000 [one million dirhams].

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