Commercial Companies Law

Article 351 — Article (351) Intentional Harmful Action Against Company by Liquidator

Part Eleven: Offences and Penalties

Any liquidator that intentionally takes harmful action against a Company or its shareholders, partners or creditors shall be liable to imprisonment sentence for a term between three [3] months and three [3] years and / or a fine between AED 50,000 [fifty thousand dirhams] and AED 500,000 [five hundred thousand dirhams].

WAWhatsAppTGTelegram