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  • Article (13)

    • Obligations of the Registrar

      The Registrar shall abide by the following:

      1. Prepare and issue the templates, notices and manuals related to the licensing or registration procedures, in such manner as may be required to achieve efficiency.
         
      2. Provide adequate human resources that enable him to perform his functions in an effective manner.
         
      3. Automate the information obtained by him, and classify the same in a manner that facilitates the reference thereto and exchange thereof with the Relevant Entities, upon request.
         
      4. Furnish the required data concerning the National Economic Register within (6) six months of the date of promulgation of this Decision and any other information as may be required by the Ministry.
         
      5. Furnish information on the Legal Persons in the State and make them available to public as follows:
        1. Description of their types, forms and main characteristics.
        2. Their licensing or registration procedures.
        3. The procedures for obtaining the basic information stated in Clause (1) of Article (4) hereof.
        4. The procedures for obtaining the Beneficial Owner data.
           
      6. Keep and maintain the basic information stated in Clause (1) of Article (4) hereof, and ensure that they are accurate, up-to-date and available to public.
         
      7. Obtain the Beneficial Owner data upon licensing or registering the Legal Person or the update thereof, and verify their accuracy.
         
      8. Maintain all registers delivered to him under Clause (7) of Article (11) hereof for a period of (5) five years after the date of dissolution, liquidation or de-registration of the Legal Person.
         
      9. Update the basic information stated in Clause (1) of Article (4) of this Decision and the data contained in the Register of Beneficial Owner and Register of Partners or Shareholders on constant basis, based on information provided by the Legal Person, and furnish or disclose the same to the Ministry upon Relevant Entity's request.