Commercial Register Law

1. An application for registration in the Commercial Register shall be submitted to the registrar. 2. The registrar shall decide on the completed application within 10 days from the date of its submission. The registrar may extend said period in cases to be determined by the Regulations. 3. An applicant may, if the application is rejected due to an error or missing information, correct or complete said application within the period specified in the Regulations, otherwise the application shall be deemed canceled. If the application is canceled, the applicant may submit a new application. 4. If the application is rejected, the rejection decision shall be reasoned, and the applicant shall be notified thereof as specified in the Regulations. The applicant may appeal said decision before the Ministry within 60 days from the date the applicant is notified of the rejection decision. 5. The registrar shall specify the forms related to applications for registration, updates, annual confirmations, strike-offs, and extracts; copies of the certificates and documents required for registration; and any other related forms, in accordance with this Law and other relevant laws.