Commercial Companies Law

Article 362 — Article (362) Regulations of Administrative Penalties

Part Twelve: Transitional and Final Provisions

The Cabinet shall issue the Regulations on Administrative penalties for acts committed in violation of the provisions of this Decree Law, its Executive Regulations and the resolutions issued in implementation of the Decree Law, based on the proposal of the Minister - within six [6] months of the day following its publication, according to the following controls: 1. The administrative fine shall not be less than AED 100 [one hundred dirhams] and shall not exceed AED 10,000.00 [ten million dirhams]. 2. The administrative fine shall be doubled if the same administrative offence is repeated but may not exceed AED 20,000.00 [twenty million dirhams].

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