Law of Commercial Register

Release Date:	1416-02-21
Release Tool:	Royal Decree
Issuance Instrument Number:	1
Summary:	By AI The Law of the court Commercial defines a merchant as one who practices commercial transactions as a profession and obliges merchants to keep commercial books. A new Law for commercial books was issued in 1409H to meet the needs of commercial activity. The Law of Commercial Register was also issued in 1375H to enumerate merchants and companies, but it did not impose significant legal effects on registration. The law was amended to include additional data required for registration, and the Minist...

Release Date:

1416-02-21

Release Tool:

Royal Decree

Issuance Instrument Number:

1

Summary:

By AI

The Law of the court Commercial defines a merchant as one who practices commercial transactions as a profession and obliges merchants to keep commercial books. A new Law for commercial books was issued in 1409H to meet the needs of commercial activity. The Law of Commercial Register was also issued in 1375H to enumerate merchants and companies, but it did not impose significant legal effects on registration. The law was amended to include additional data required for registration, and the Minist...