Commercial Companies Law

Article 7 — Article (7) Breach of the Rules of Governance

Part One: General Provisions on Companies · Chapter One: The Concept of Company

The governance-regulating resolutions provided for in Article [6.1] hereof shall include fines to be imposed by the Ministry or the SCA, within their respective areas of competence, on the companies and their chairpersons, directors, managers and auditors in the event that such resolutions are breached, so that the fine shall not exceed AED 10 million.

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