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International Corporate Centreras Al Khaimah Completes Review of Business Companies Regulations 2016

Comparison With The RAK IC Regulations

RAK IC Regulations 2006
ICC Regulations 2016
Company About enterprise | of the Type 1. Incorporation for:
-company Limited by shares is
Of companies' for the Types Incorporation:
-company Limited by shares is
-a Company About enterprise | Limited by guarantee That is not Authorised to issue shares is;
-a Company About enterprise | Limited by guarantee That is Authorised to issue shares is;
-an of unlimited Company About enterprise | That is not Authorised to issue shares is; or
-an of unlimited Company About enterprise | That is Authorised to issue shares is.

A Company About enterprise | Limited by shares is may Also the BE registered as with a 'Segregated the Portfolio Company About enterprise |'
A Company About enterprise | Limited by shares is may Also the BE registered as with a 'Tel Restricted Purposes Company About enterprise |'
Memorandum and articles need not the BE a signed by all members, Unless the this is required by the with memorandum and articles

2. Bearer shares are permitted Bearer shares are prohibited; only may the BE shares is, issued in
registered The form
3. International company required to maintain register of members Register of members maintained by Registrar
4. Shares issued with par value Shares issued with or without par value in any currency
5. Fractional shares not permitted Issuance of fractional shares is permitted
6. Registry to maintain member details Registry to Maintain details of members and details of
the ultimate Beneficial ownership (Individuals holding or
Controlling 5% or more of the shares is or voting rights in
the Company About enterprise | (or such OTHER the threshold as with the registrar
may the Specify) or Otherwise exercising control over the
management of the company)
7. Names permitted only in English States Foreign language in the Names and the characters may the BE States Foreign
Permitted by the Registrar
The Types of shares is 8.
-Redeemable shares is
-Class of shares is with or without voting rights
-All shares is a must the BE fully the when a paid, issued
-Special this content share rights may not Reflected in the BE the
with memorandum or articles
Of shares is the Types
-Redeemable shares is
-Class of shares is with or without voting rights
-Shares with preferential rights
-Shares with the no rights
-Shares with only right to PARTICIPATE in Certain assets of
the Company About enterprise |
-Bonus shares is
Partly or nil is a paid shares is
The Shareholder's Resolutions 9. the BE to a signed by all
Shareholders the who Would the BE Entitled to vote AT a
meeting of Shareholders
Of Shareholders may Resolutions the BE PASSED AT a meeting
of Shareholders or in writing without a meeting;
Resolutions Approval Out the require of a Majority in excess of
50 votes cast of%, a Higher Unless the threshold is required
by the articles or with memorandum
10. Instruments are transfer Share to the BE Both a signed by the
transferor and transferee
11. Statutory right of pre-emption applies on all share transfers Instruments are transfer Share to the BE Both a signed by the
transferor and transferee
Shares are freely the transferable

 

RAK International Companies Regulations 2006