{"id":632408,"date":"2018-02-11T04:09:37","date_gmt":"2018-02-11T04:09:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/"},"modified":"2018-02-11T04:09:37","modified_gmt":"2018-02-11T04:09:37","slug":"investment-ministry-issues-amendments-to-companies-act-regs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/","title":{"rendered":"Investment Ministry issues amendments to Companies Act regs"},"content":{"rendered":"<p><strong>LEGISLATION WATCH- The Investment Ministry issued amendments to the executive regulations of the Companies Act on Friday,<\/strong> minister Sahar Nasr <a href=\"http:\/\/www.miic.gov.eg\/Front\/Media\/NewsDetail.aspx?SLang=A&MedId=9540\">said in a statement<\/a>. As <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/24\/sweeping-amendments-to-companies-act-regs-coming\/\">we noted last month<\/a>, the amendments are the most sweeping changes to the regs of the Companies Act in 35 years, with 51 articles being amended. Amendments to the law itself, signed into law by President Abdel Fattah El Sisi <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/18\/el-sisi-signs-into-law-amendments-to-companies-act\/\">last month<\/a>, <strong>allow the formation of single-shareholder limited liability companies <\/strong>and give measures of protection to companies against whistleblowers. Key features of the regs changes include:<\/p>\n<ul>\n<li><strong>Banning companies from holding onto treasury stocks for over a year<\/strong>. After the year is out, companies must either divest the shares or distribute them to employees as part of a profit-sharing mechanism;<\/li>\n<li><strong>Limiting share buybacks to 10%<\/strong> of the company\u2019s shares;<\/li>\n<li><strong>Allowing a weighted voting system<\/strong> when shareholders vote on board members;<\/li>\n<li>Shareholders can now <strong>vote in board elections electronically<\/strong>;<\/li>\n<li><strong>Facilitating spinning off corporations<\/strong>, by allowing the company greater flexibility in dividing assets and shares;<\/li>\n<li><strong>Barring sole-proprietorship companies from establishing subsidiaries<\/strong> that are also sole proprietorships. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>LEGISLATION WATCH- The Investment Ministry issued amendments to the executive regulations of the Companies Act on Friday, minister Sahar Nasr said in a statement. As we noted last month, the amendments are the most sweeping changes to the regs of the Companies Act in 35 years, with 51 articles being amended. Amendments to the law [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632408","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9a006a1e-eb4f-494d-853b-379f856ebf6c","order":"0","is_powered_by":true,"section_story_id":"dd61cfe8-2c10-45d8-85c6-22ae05978ead","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632388],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Investment Ministry issues amendments to Companies Act regs - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Ministry issues amendments to Companies Act regs\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The Investment Ministry issued amendments to the executive regulations of the Companies Act on Friday, minister Sahar Nasr said in a statement. As we noted last month, the amendments are the most sweeping changes to the regs of the Companies Act in 35 years, with 51 articles being amended. Amendments to the law [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-11T04:09:37+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Investment Ministry issues amendments to Companies Act regs\",\"datePublished\":\"2018-02-11T04:09:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/\"},\"wordCount\":184,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/\",\"name\":\"Investment Ministry issues amendments to Companies Act regs - 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As we noted last month, the amendments are the most sweeping changes to the regs of the Companies Act in 35 years, with 51 articles being amended. 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The Investment Ministry has finished drafting amendments to the executive regulations of the Companies Act and has forwarded a draft of the changes to the State Council for review. As such, the new rules would\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":626726,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/10\/finmin-investment-ministry-to-outline-new-regs-for-private-freezones\/","url_meta":{"origin":632408,"position":1},"title":"FinMin, Investment Ministry to outline new regs for private freezones","author":"enterpriseam admin","date":"10 July 2018","format":false,"excerpt":"EXCLUSIVE- FinMin, Investment Ministry to outline new regs for private freezones: A committee of officials from the ministries of finance and investment has begun meetings to formulate new regulations governing private freezones, government sources tell Enterprise. The move seems geared to tackle concerns raised by investors in private freezones that\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601050,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/18\/gafi-amends-governance-regs-for-subsidiaries-of-state-owned-companies\/","url_meta":{"origin":632408,"position":2},"title":"GAFI amends governance regs for subsidiaries of state-owned companies","author":"enterpriseam admin","date":"18 February 2019","format":false,"excerpt":"REGULATION WATCH- GAFI amends governance regs for subsidiaries of state-owned companies: The General Authority for Investments (GAFI) has amended corporate governance regulations for companies whose shareholders include a state-owned companies holding a minimum stake of 25%, Al Mal reports. The new guidelines mandate that these companies hire an auditor other\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":618213,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/04\/cabinet-greenlights-regs-for-building-reconciliation-act-much-more\/","url_meta":{"origin":632408,"position":3},"title":"Cabinet greenlights regs for Building Reconciliation Act + much more","author":"enterpriseam admin","date":"4 April 2024","format":false,"excerpt":"Justice Minister Omar Marwan had said that the regulations will be out no later than 22 February","rel":"","context":"In &quot;Cabinet watch&quot;","block_context":{"text":"Cabinet watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation\/cabinet-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/402.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":646269,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/11\/cabinet-approves-amendments-to-companies-act-and-others-during-weekly-meeting\/","url_meta":{"origin":632408,"position":4},"title":"Cabinet approves amendments to Companies Act and others during weekly meeting","author":"enterpriseam admin","date":"11 June 2017","format":false,"excerpt":"The Ismail government signed off on amendments to the Companies Act during its weekly meeting on Thursday, according to a statement. The amendments, which were first instituted by the Investment Ministry last month, would see companies required to make a first call for a general assembly at least 21 days\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632572,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/14\/house-passes-amendments-to-the-capital-markets-act\/","url_meta":{"origin":632408,"position":5},"title":"House passes amendments to the Capital Markets Act","author":"enterpriseam admin","date":"14 February 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives voted into law yesterday amendments to the Capital Markets Act that pave the way for the introduction of new financial instruments. 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