Commercial Companies Law

Article 352 — Article (352) Issue of Securities in Violation of this Decree Law

Part Eleven: Offences and Penalties

Whoever issues shares, subscription receipts, interim certificates or bonds or offers them for trading in violation of this Decree Law shall liable to imprisonment sentence for a term between three [3] months and two [2] years and / or a fine between AED 100,000 [one hundred thousand dirhams] and AED 500,000 [five hundred thousand dirhams].

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