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  • Article (11)

    • Provision of Information to the Registrar

      1. The Legal Person shall, within (60) sixty days of the promulgation date of this Decision or date of licensing or registration of the Legal Person, furnish the Registrar with the data contained in the Register of Beneficial Owner and Register of Partners or Shareholders and shall carry-out the reasonable procedures to protect its registers from loss, damage or destruction.
         
      2. The Legal Person shall provide any additional information as may be required by the Registrar within the specified duration.
         
      3. Subject to the legislation in force, the Legal Person shall furnish the Registrar with all data referred to in Clause (1) of Article (4) hereof, upon submitting the application of incorporation, licensing, registration, renewal, amendment or any other procedures as the Registrar may deem proper to this effect.
         
      4. The Legal Person shall provide the Registrar with the name of a natural person residing in the State and authorized to disclose to the Registrar all data and information required by the mentioned Federal Decree-Law or the Executive Regulations or this Decision, along with his address, contact numbers and a copy of his valid passport or ID.
         
      5. The licensed or registered Legal Person in the State may not issue bearer share warrants.
         
      6. The Legal Person shall, on the issuance of shares in the name of persons or board members , disclose to the Registrar the data in respect of such shares and the identity of such persons or board members within (15) fifteen days of such issuance.
         
      7. If the Legal Person is in the process of dissolution or liquidation , the liquidator shall hand-over to the Registrar a copy of the Beneficial Owner Register and Register of Partners or Shareholders, if any, or a true copy thereof within (30) thirty days of his appointment.
         
      8. The Legal Person, its managerial body, the liquidator or other person responsible for the dissolution affairs of the Legal Person shall keep, maintain the records and all data referred to herein for at least (5) five years after the date of dissolution, liquidation or de-registration.