Commercial Register Law

The competent court shall notify the registrar of the issuance of any of the following final judgments and decisions within 30 days from the date of their issuance: 1. Judgments or decisions accepting judicial deposit relating to the initiation or termination of any of the bankruptcy proceedings provided for in the Bankruptcy Law. 2. Judgments dissolving and liquidating or annulling companies and appointing or dismissing liquidators pursuant to the Companies Law. 3. Judgments relating to the termination or conclusion of liquidation proceedings pursuant to the Companies Law. 4. Judgments expunging the records of merchants. 5. Judgments and decisions imposing interdiction or guardianship, appointing or dismissing agents for absentees, or lifting interdiction. 6. Judgments and decisions authorizing a minor or his representative to engage in business activities, or withdrawing or restricting such authorization. 7. Judgments imposing criminal penalties that prevent a merchant from engaging in his business activities, and appointing a trustee and specifying the date of his appointment. 8. Judgments removing partners or shareholders or dismissing directors. 9. Judgments relating to receivership and determination of merchant's heirs. Such judgments and decisions shall be entered into the Commercial Register upon notification thereof. Commercial Register Law Chapter 5: Violations