Federal Decree-Law no. 32 of 2021 on Commercial Companies.

This Federal Decree-Law on Commercial Companies comprising 365 Articles organizaed into 12 Titles aims to develop the working environment and the economic position of the State, by regulating the governance, rights, and responsibilities of companies and their shareholders, partners, directors, managers, and auditors. It applies to (i) commercial companies established or operating in the State, except for those exempted by special provisions, agreements, or laws; (ii) foreign companies that have their head office or a branch or representative office in the State.
The Law (i) specifies the forms, conditions, and procedures for the incorporation, management, and dissolution of companies, as well as the rules for conducting their activities, issuing and trading their securities, and resolving their disputes; (ii) defines the activities with strategic impact and the controls for licensing companies that carry out such activities; (iii) provides for the rules and standards of corporate governance and the penalties for violating them; (iv) establishes the mechanisms for inspection, supervision, and accountability of companies and their related parties.
The Title 11 sets out the crimes and penalties for acts committed in violation of the provisions of this Law or the provisions of any other law regulating companies. It also grants some employees of the Ministry of Economy and the Securities and Commodities Authority the capacity of law enforcement officers.
The Titles of the Law are as follows (1) General Provisions for Companies; (2) Partnerships; (3) Limited Liability Company; (4) Public Joint Stock Companies; (5) Private Joint Stock Companies; (6) Holding Companies and Investment Funds; (7) Conversion, Merger, and Acquisition of Companies; (8) Termination of the Memorandum of Association of the Company; (9) Foreign Companies; (10) Control and Inspection of Companies; (11) Crimes and Penalties; (12) Transitional and Final Provisions.