{"id":635786,"date":"2017-12-13T04:08:47","date_gmt":"2017-12-13T04:08:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/house-economics-committee-looks-into-companies-act\/"},"modified":"2017-12-13T04:08:47","modified_gmt":"2017-12-13T04:08:47","slug":"house-economics-committee-looks-into-companies-act","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/13\/house-economics-committee-looks-into-companies-act\/","title":{"rendered":"House Economics Committee looks into Companies Act"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- The House of Representatives\u2019 Economic Affairs Committee has started looking into amendments to the Companies Act<\/strong>, Ahram Gate reports<\/a>. While the most visible change to the law seems to be allowing the establishment of sole proprietorship companies, the law also includes amendments to corporate governance regulations. The Ismail cabinet has been tight-lipped about the amendments<\/strong> since approving them back in August<\/a>. One article, which apparently gives the board of directors the right to suspend a member if they \u201cdivulge corporate secrets,\u201d has kicked up quite a debate in the committee, Al Wafd reports<\/a>. Many committee members have objected to the article, saying it could encourage companies to be less transparent.<\/p>\n

The committee\u2019s session on the Companies Act apparently segued into a debate on what some members claim to be the slow implementation of the Investment Act.<\/strong> MP Amr Ghallab was particularly critical of the investor centers not being ready yet, demanding that there should be a deadline for when they will be ready. As we noted yesterday<\/a>, the committee wants to question Investment Minister Sahar Nasr over \u201cconflicts\u201d between different ministries, which has delayed the establishment of the center and the release of the ministry\u2019s investment map of 600 projects.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- The House of Representatives\u2019 Economic Affairs Committee has started looking into amendments to the Companies Act, Ahram Gate reports. While the most visible change to the law seems to be allowing the establishment of sole proprietorship companies, the law also includes amendments to corporate governance regulations. The Ismail cabinet has been tight-lipped about […]<\/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-635786","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"af1c80b1-28f9-4c57-8d5e-7e5824e9038e","order":"0","is_powered_by":true,"section_story_id":"45301b63-1404-4ce3-b9b2-c332ac042bc9","story_type":"1","photo_url":"","photo_position":"above","related_issue":[635771],"teaser":"","voice_url":""},"yoast_head":"\nHouse Economics Committee looks into Companies Act - 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\/2017\/12\/13\/house-economics-committee-looks-into-companies-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House Economics Committee looks into Companies Act\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- The House of Representatives\u2019 Economic Affairs Committee has started looking into amendments to the Companies Act, Ahram Gate reports. 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Debate of the law had been\u2026","rel":"","context":"In "Speed Round"","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":636015,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/19\/house-debating-amendments-to-capital-markets-act\/","url_meta":{"origin":635786,"position":2},"title":"House debating amendments to Capital Markets Act","author":"enterpriseam admin","date":"19 December 2017","format":false,"excerpt":"In other major legislative news, the House Economics Committee began discussion of amendments to the Capital Markets Act on Monday with an appearance before the committee by Financial Regulatory Authority head Mohamed Omran, Al Mal reports. The amendments will permit the introduction of financial instruments including futures trading and the\u2026","rel":"","context":"In "Speed Round"","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":601343,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/parliament-committee-approves-economic-courts-act-amendments\/","url_meta":{"origin":635786,"position":3},"title":"Parliament committee approves Economic Courts Act amendments","author":"enterpriseam admin","date":"26 February 2019","format":false,"excerpt":"LEGISLATION WATCH- House committee gives nod to widening the jurisdiction of economic courts: The House of Representatives\u2019 Legislative Committee has approved amendments to the Economic Courts Act that aim to expand the scope of the nation\u2019s economic courts to cover new business and finance activity. 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