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

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Reference: Legislations of 2002, page 17, published in the Official Gazette No. 7 of 2002
 
We, Hamad Bin Khalifa Al-Thani, Emir of the State of Qatar,
Having perused the Amended Provisional Constitution, in particular Article s 23, 34 and 51 thereof;
Law No. 2 of 1962 on the regulations of Public Finance in Qatar, as amended pursuant to Law No. 19 of 1996;
The Labour Law No. 3 of 1996 and the amending laws thereof;
Law No. 11 of 1962 on the establishment of a Company Registry and the amending laws thereof;
The Law of Civil and Commercial Procedures enacted by Law No. 16 of 1971 and the amending laws thereof;
Law No. 7 of 1974 onthe Regulation of the Profession of Accountants and Auditors;
The Law of Commercial Companies enacted by Law No. 11 of 1981, as amended by Law No. 9 of 1998;
Decree-Law No. 22 of 1993 on the Regulation and Functions of the Ministry of Finance, Economy and Trade;
Law No. 14 of 1995 on the establishment of the Doha Stock Exchange and its internal regulations issued by decree of the Minister of Finance, Economy and Trade No. 10 of 1999;
Law No. 13 of 2000 on the regulation of Investment of Foreign Capital in the Economy;
Emiri Order No. 1 of 2002 on the amendment to the structuring of the Council of Ministers;
Ministerial Decree No. 7 of 1983 on the form of the Memorandum of Association and Article s of Association of Joint Stock Companies;
The proposal of the Minister of Economy and Commerce;
The draft law submitted by the Council of Ministers; and
After consulting the opinion of the Shura Council,
Have decided to pass the following Law:

 

Table of Content

Issuance Articles (1-5)

Part 1 (1-18)

General Provisions (1-18)

Part 2 (19-43)

General Partnership (19-43)

Part 3 (44-51)

Limited Partnership (44-51)

Part 4 (52-60)

Joint Venture (52-60)

Part 5 (61-205)

Joint Stock Company (61-205)

Chapter One (61-65)

General Provisions (61-65)

Chapter Two (66-93)

Incorporation of the Company (66-93)

Chapter Three (94-140)

Management of Joint Stock Company (94-140)

Section 1 (94-121)

Board of Directors (94-121)

Section 2 (122-136)

General Assembly (122-136)

Section (137-140)

Extraordinary General Assembly Meeting (137-140)

Chapter Four (141-151)

Auditors (141-151)

Chapter Five (152-179)

Company Capital (152-179)

Section 1 (152-167)

Shares (152-167)

Section 2 (168-179)

Debentures (168-179)

Chapter Six (180-187)

Company Finance (180-187)

Chapter Seven (188-202)

Amendment of Company Capital (188-202)

Section 1 (188-198)

Capital Increase (188-198)

Section 2 (199-202)

Decrease of Capital (199-202)

Section Eight (203-205)

Private Joint Stock Company (203-205)

Part 6 (206-224)

Partnership Limited by Shares (206-224)

Part 7 (225-260)

Limited Liability Company (225-260)

Chapter One (225-231)

Incorporation of Company (225-231)

Chapter Two (232-239)

Shares and Capital (232-239)

Chapter Three (240-260)

Company Management (240-260)

Part 7 (bis) (260-260)

Sole Proprietorship (260-260)

Part 8 (261-266)

Holding Company (261-266)

Part 9 (267-282)

Transformation, Amalgamation, Division and Acquisition of Companies (267-282)

Chapter One (267-271)

Transformation of Company (267-271)

Chapter Two (272-277)

Amalgamation of Company (272-277)

Chapter Three (278-282)

Division of Company (278-282)

Chapter Four (282-282)

Acquisition of company (282-282)

Part Ten (283-312)

Nullity of Company (283-312)

Chapter One (283-294)

Dissolution of Company (283-294)

Chapter Two (295-312)

Liquidation of Company (295-312)

Part 11 (313-322)

Control of Companies (313-322)

Part 12 (323-329)

Penalties (323-329)

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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
Official Gazette
Issue 7  Offcial Journal Issue
Publication Date 03/08/2002
Corresponding to 25/05/1423 Hijri
Page from 17
 
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