النظام الأساسي لشركة راس الزور للمياه والكهرباء لعام 1428هـ
المادة 16ساري المفعولالسعوديةRoyal Decree
- المرجع:
- م/77
صادر عن National Center for Archives and Records (ncar.gov.sa)
The Company's capital may be reduced by a resolution of an Extraordinary General Assembly pursuant to acceptable justifications and after obtaining the approval of the Minister of Commerce & Industry if it exceeds the Company's requirements or if the Company incurred losses.
Such resolution may be adopted only after hearing the auditor's report setting out the reasons necessitating the reduction, the liabilities of the Company and the effect of the reduction on these liabilities and in conformity with the Companies Regulations and such resolution shall state the method of reduction.
If the reduction of capital is due to an excess in capital over the Company's requirements, the Company's creditors must be invited to express their objections and the effect of the reduction on these creditors and in conformity with the Companies Regulations.
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