Examples of Commercial Companies Law in a sentence
Oman Telecommunications Company SAOG (the “Parent Company” or the “Company”) is an Omani joint stock company registered under the Commercial Companies Law of the Sultanate of Oman.
The reserve is not distributable except in such circumstances as stipulated in the Bahrain Commercial Companies Law.
The Board of Directors takes into account appropriate parameters including the requirements of the Commercial Companies Law while recommending the dividend.
These condensed interim financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting, applicable requirements of the Oman Commercial Companies Law of 1974 (as amended) (“CCL”) and disclosure requirements of the Capital Market Authority of the Sultanate of Oman (“CMA”).
The Bahrain Commercial Companies Law 2001 requires that 10 per cent of the annual net profit be appropriated to a statutory reserve which is normally distributable only on dissolution.