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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 |' |
| 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 |