After the name was confirmed, 35% asset will be frozen, registration papers arranged and paper signed. After that, the Company Registration Office will issue an announcement and the company will be printed at the official gazette and then mass-circulation newspapers.
A private company company is a company where the asset will be split into stock, the liability of shareholders is limited to their stated value and the entire of company assets will be provided by the founders.
In a public company, founders provide a portion of the company asset by selling stock to the public and the minimum asset is 5,000,000 Rial, the minimum number of individuals for the board of directors is 5 and 35% of 20% of assets provided by founders must be frozen in the bank. At a private company company, founders provide the entire company asset and the minimum asset is 10,000,000 Rial.
The minimum number of members for the board of directors is 3 and 35 % of the entire company asset must be committed to the bank. In the private company company, shareholders are special individuals that stock will be split between them, however, only 20% of the asset will be provided by the founders in a public company.
3 individuals
Yes.
3 individuals
After name confirmed, 35% asset will be frozen, registration papers arranged and paper signed. After that, the Company Registration Office will issue an announcement and the company will be printed at the official gazette and then mass-circulation newspapers.
Yes
No
5 individuals (3 individuals as shareholders and members of the board of directors and 2 as the inspectors that can either be a shareholder or not)
Yes
Yes
Yes
No
No
No
Reasons for the Dissolution and Settlement of Securities, Invoice to be Approved by the Extraordinary General Assymbly, Uploading in the System and Posting to Company Registration Office
Yes. If it is approved by more than half of the stocks holding a vote right in a general assembly or founder’s general assembly in the time of establishment.
Minimum of 3 individuals
Yes
No
Yes
Minimum of 3
Two remarks on the financial statement and reports given by the board of directors and to ensure that shareholder’ rights are being observed
Scope of authority is defined and delegated by the board of directors
To invite and manage the board of directors’ assemblies and general assemblies that the board of directors has invited
In case that the board of directors is authorized in accordance with the articles of association, the manner in which the right to sign being done will be defined by the approval of members of the board of directors, otherwise extraordinary general assymblys
Obligatory documents bear performance bond, e.g., check, promissory note, negotiable instrument, agreement, and contact, however, common documents don’t bear any performance bond e.g., official and inter-organization correspondences
Yes
Yes
Yes
First, identity documents (all the items mentioned at the contract).
Passport with the Official Translation and Receiving Pervasive Code
Registration documents of the Iranian company, last changes accompanied by a representative presentation and reference document of the representative, registration documents of the foreign company, last changes accompanied by a representative presentation and reference document of the representative to be translated officially and approved by the embassy, identity documents of Iranian legal person and representative
Yes
Yes
First, normative approval must be received from the related organization, after which other steps of company registration will be followed
The subject of activity that doesn’t require obtaining a license must be registered, after which the changes and attachments for the intended subject of activity will be done
With the establishment of extraordinary general assembly
With the attendance of majority of board of directors’ members board of directors
Making decisions on all company affairs except for those in statutory general assembly and extraordinary general assembly
Any kind of changes in the articles of association, company asset or company dissolution before the deadline
Designation of managers’ post, determination of status of the right to sign; the managers will have all the authorities required for performing company affairs if they are in the subject scope of the company, except for subjects in the common assembly jurisdiction; determination and limitation of managers’ authorities is possible in accordance with their authorities in the articles of association
The first call with the attendance of more than half of the shares possessing the right to vote and observing clause 101 of the amendment bill. The second call with the attendance of all shareholders possessing the right to vote and observing clause 101 of the amendment bill
The first call with the attendance of more than half of the shares possessing the right to vote and observing clause 101 of the amendment bill. The second call with the attendance of more than three-fourth of shares possessing the right to vote and observing clause 101 of the amendment bill.
Invitation will be sent for the second time.
Attendance of all shareholders possessing a right to vote and observing clause 101 of the amendment bill.
The second call with the attendance of one-fourth of the shares possessing the right and observing clause 101 of the amendment bill.
First call with the attendance of more than half of the shares possessing the right to vote and observing clause 101 of the amendment bill . Second call with the attendance of more than three-fourth of shares possessing the right to vote and observing clause 101 of the amendment bill.
The announcement of invitation from shareholder observing contract materials must be printed at a mass-circulation newspaper, and minutes, location and time of the assembly must be included.
Board of Directors, Inspector or Shareholder of More Than One-Fifth
Board of Directors, Inspector or Shareholder of More than One-Fifth (observing clause 95 of the Commercial Law)
Chairman, unless to be predicted in a different manner at the articles of association
By claims made, cash and non-cash contributions, re-assessment of fixed assets, compulsory reserve and retained earnings.
Yes, by observing clause 95 of amendment bill of the Commercial Law
Minimum of 3 shareholders and individuals that decisions are made to
By transferring the stock and minutes registration at the Company Registration Office
Government Employees
No
Yes, they can register a company if they are in possession of a retirement decree.
He/she will be similar to other individuals and there is no specific condition
No
Yes
Yes
Yes
More than Half of the Members of Board of Directors
It is determined based on the articles of association
Unless predicted at the articles of association
Unless predicted at the articles of association
The value at the articles of association that is determined for each share and this value, also, is stated on the share certificate.
It cannot be split and less than 1 share.
It can be seen at companies that have old date of establishment but there is no such thing today
Yes
Yes
Yes
2 ways, to issue new stock and increase stock face value (unless it is a specific condition)
2 ways, obligatory decrease of capital and voluntary decrease of capital
Yes, at the general assymbly
Every 2 Solar calendar year
One fiscal year
Yes
No