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Law No. 5 of 2002, promulgating the Law of Commercial Companies

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Article 79 -
Starting Date: 02/10/2002

 Subscription shall be made by a declaration signed by the shareholder stating the number of shares subscribed for, the shareholder's approval of the
Company's the Memorandum and Articles of Association, his address in the State of Qatar and any other information that may be deemed necessary.
Subscription shall be duly made and unconditional. Any condition made by the subscriber in the subscription application shall be deemed null and void.
The subscriber shall submit the subscription application to the bank and pay the due amount upon obtaining a receipt signed by the bank stating the name and address of the subscriber; date of subscription, and number of shares subscribed to and paid-up instalments.
The subscription shall be final when the subscriber receives such receipt.

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Law Summary Record
Type of Legislation Law
Name Law No. 5 of 2002, promulgating the Law of Commercial Companies
Number 5
Year of Issuance 2002
Issuance Date 25/05/2002
Corresponding to 14/03/1423 Hijri
Number of Articles 348
Law Status In force
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