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Jordan: Company Law
Law regulating the operations of private firms in Jordan
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74 pages
This document provides a regulatory framework for companies in Jordan. It is organized in 16 sections which, in turn, are divided into chapters containing articles. The sections highlight the following:
- Provide important definitions as well as general rules for companies;
- List articles related to limited partnership;
- Identify laws for joint venture;
- Present the laws related to limited liability company;
- State articles related to limited partnership of shares;
- Discuss provisions regarding public shareholding companies;
- Provide the laws regarding selection, fees and duties of auditors for the company;
- Elucidate the law pertaining to companies holding financial and administrative control over other companies;
- Explain the law governing the mutual funds;
- Deal with the law established for the companies working offshore;
- Describe the law regarding transformation, merger and acquisition of companies;
- Clarify the laws regarding foreign companies;
- Explain the rules for liquidation and dissolution of a public shareholding company;
- Discuss the laws regarding supervision of companies, followed by the type and condition of penalties imposed on the companies during violation of laws.
The document concludes with the final provisions directing the companies to adjust their positions to render them compatible with the provisions of this law.
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