Podcast
Questions and Answers
Which category of companies is no longer recognized under the new law?
Which category of companies is no longer recognized under the new law?
- Non-profit professional companies
- Simple Joint Stock companies
- Partnership companies (correct)
- Investment arm companies
What is the purpose of a Simple Joint Stock Company?
What is the purpose of a Simple Joint Stock Company?
- To attract venture capital (correct)
- To regulate non-profit professional companies
- To meet the needs of entrepreneurs
- To issue several classes of shares
Is a minimum capital required to incorporate a Simplified Joint Stock Company?
Is a minimum capital required to incorporate a Simplified Joint Stock Company?
- Yes, a minimum capital is required
- It depends on the number of tradable shares
- It depends on the number of managers
- No, a minimum capital is not required (correct)
Partnership” companies are no longer recognized as a category of ______.
Partnership” companies are no longer recognized as a category of ______.
The new law has introduced and regulated ______ professional companies.
The new law has introduced and regulated ______ professional companies.
The new law has introduced and regulated a new form of company – a ______, which aims to meet the needs of entrepreneurs and attract venture capital.
The new law has introduced and regulated a new form of company – a ______, which aims to meet the needs of entrepreneurs and attract venture capital.
Its capital can be divided into ______ shares with a structure given by the Article of Association.
Its capital can be divided into ______ shares with a structure given by the Article of Association.
The chairman and board of directors have the widest powers in the management of the company similar to ______ to achieve purposes set in Saudi Arabia Cabinet Decision No. 678/1443.
The chairman and board of directors have the widest powers in the management of the company similar to ______ to achieve purposes set in Saudi Arabia Cabinet Decision No. 678/1443.
The article 11 of the New Law 2022 allows the binding of joint venture agreements and family charter in the company’s articles of association for the regulation of ______ owned businesses, their governance and administration policy, family members’ employment and the family business’ profits.
The article 11 of the New Law 2022 allows the binding of joint venture agreements and family charter in the company’s articles of association for the regulation of ______ owned businesses, their governance and administration policy, family members’ employment and the family business’ profits.
Sole proprietorship owners are allowed to transfer their assets to any ______ of company.
Sole proprietorship owners are allowed to transfer their assets to any ______ of company.
Under the New Law, companies can choose their name based on the ______ of the company.
Under the New Law, companies can choose their name based on the ______ of the company.
The New Law allows companies to choose their name based on the ______ or former shareholders.
The New Law allows companies to choose their name based on the ______ or former shareholders.
The New Law allows companies to choose their name based on a ______ of both the purpose and current/former shareholders.
The New Law allows companies to choose their name based on a ______ of both the purpose and current/former shareholders.
The New Law allows companies to choose their name based on ______ name that complies with Royal Decree No. M15/1420.
The New Law allows companies to choose their name based on ______ name that complies with Royal Decree No. M15/1420.
The New Law provides a wider choice of company name to those who want a specific name in the ______ market.
The New Law provides a wider choice of company name to those who want a specific name in the ______ market.
The New Law allows company names to be in languages other than ______.
The New Law allows company names to be in languages other than ______.
The New Law is governed by the Trade Names Law and Royal Decree No. ______.
The New Law is governed by the Trade Names Law and Royal Decree No. ______.
The New Law provides a ______ choice of company names.
The New Law provides a ______ choice of company names.
