It is a commercial company whose shareholders secure a portion of its share capital and the capital shall be split into shares.
The minimum of 5 individuals and capital of 5 million Rial, 2 inspectors, choosing 2 types of mass-circulation newspapers, underwriting stages and 35% of 20% asset provided by the founders must be frozen at the bank
For this company, there must be 5 shareholders and a value of 5000000 Rial and an account shall be opened after the signature of the statutory assembly and arrangement of articles of association, 35% of 20% asset be frozen at the bank. Next, one copy of the underwriting form shall be printed in a mass-circulation newspaper and presented to the bank. In case that the stocked was purchased at the determined deadline, 80% of stock shall be returned to the shareholders.
At least 2 months. One month for underwriting and 1 month for performing registration affaires at a Company Registration Office.
The main members of boards of directors, company inspectors, vice chairman of the board, the main member of boards of directors, substitute member of boards of directors, CEO, substitute members of boards of directors, chairman.
More than half of the shares possessing the right to vote and observing clause 101 of commercial law.
7 Individuals (5 Individuals on the Board of Directors and 2 Inspectors)
CEO and Inspectors
Yes
Yes
Extraordinary general assymbly, statutory general assembly and general assymbly, and the boards of directors shall be elected among the partners.
The right to vote for each shareholder shall be determined in accordance with partner’s share
Licensed Justice Ministry Professional
No
Yes
It has no effect
Number of shares possessing same face value.
5,000,000 Rial
35% of the 20% capital provided by them.
Yes
Securities and Exchange Organization
The bank where 35% of the capital has been frozen.
Company name and registration number of capital value paid, type of share of face value paid and the number of shares at the certificare of each representative.
A share is a portion of the capital of a joint stock company which defines the extent of participation, liabilities and entitlement to the profit of its holder in such joint stock company
To make a decision on sale and condition of the issuance, issue and the plan for the issue announcement must be declared to the Company Registration Office and advertisement shall be announced in the Official Gazette by the Company Registration Office
Articles of association, funders’ general assembly minute and acceptance declaration of positions of managers and inspectors
6 months after the date of the declaration being submitted.
No, it is not possible. Except for the time after registration or issuance of a license for non-registration of the company.
Signatories
Until the issuance of a stock certificate, It shall have the force of share certificate.
No
10000 Rial
The entire face value of each share must be paid
They must be divided equally
The extraordinary general assembly must reduce the capital to the amount paid
In virtue of regulations at the articles of association or extraordinary general assembly decision
3 times of announcement in a mass-circulation newspaper within 5 days, 6 months must past from the first publication of the announcement
Public company only
No
It is registedred and signed at the stock register book.