{"id":648015,"date":"2017-05-25T04:13:47","date_gmt":"2017-05-25T04:13:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/investment-minister-issues-amendments-to-companies-law\/"},"modified":"2017-05-25T04:13:47","modified_gmt":"2017-05-25T04:13:47","slug":"investment-minister-issues-amendments-to-companies-law","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/25\/investment-minister-issues-amendments-to-companies-law\/","title":{"rendered":"Investment Minister issues amendments to Companies Law"},"content":{"rendered":"

<\/a> Listed companies will now have to issue their first call for a general assembly at least 21 <\/strong>days in advance <\/strong>rather than 15, as was the case before new amendments to the Companies Act issued yesterday<\/a>by Investment and International Cooperation Minister Sahar Nasr. Don\u2019t have quorum after your first call? You\u2019ll need to give seven days\u2019 notice of a second meeting. The changes are expected to improve Egypt\u2019s ratings on global indices, such as the World Bank\u2019s Doing Business Report and World Economic Forum\u2019s Global Competitiveness Report, the ministry said.<\/p>\n

(Or, conversely, it could make it easier for crank shareholders with five shares apiece to show up and ask for handouts \/ demand more food \/ steal your silverware<\/strong>.)<\/p>\n","protected":false},"excerpt":{"rendered":"

Listed companies will now have to issue their first call for a general assembly at least 21 days in advance rather than 15, as was the case before new amendments to the Companies Act issued yesterdayby Investment and International Cooperation Minister Sahar Nasr. Don\u2019t have quorum after your first call? You\u2019ll need to give seven […]<\/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-648015","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"16a23e58-061f-46f5-af79-f595eef5b340","order":"0","is_powered_by":true,"section_story_id":"5cb6f9c4-5f2f-46f0-b4b7-0fca903b05dd","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648002],"teaser":"","voice_url":""},"yoast_head":"\nInvestment Minister issues amendments to Companies Law - 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\/05\/25\/investment-minister-issues-amendments-to-companies-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Minister issues amendments to Companies Law\" \/>\n<meta property=\"og:description\" content=\"Listed companies will now have to issue their first call for a general assembly at least 21 days in advance rather than 15, as was the case before new amendments to the Companies Act issued yesterdayby Investment and International Cooperation Minister Sahar Nasr. 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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 "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":644808,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/04\/efsa-implements-changes-to-companies-act\/","url_meta":{"origin":648015,"position":1},"title":"EFSA implements changes to Companies Act","author":"enterpriseam admin","date":"4 July 2017","format":false,"excerpt":"EFSA implements amendments to general assembly provisions Companies Law amendments: The Egyptian Financial Supervisory Authority (EFSA) began enforcing on Monday amendments to the Companies Act mandating that listed companies issue their first call for a general assembly at least 21 days in advance rather than 15 previously, Al Borsa reports.","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":646136,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/06\/amended-companies-act-final-draft-to-be-discussed-in-cabinet-next-meeting\/","url_meta":{"origin":648015,"position":2},"title":"Amended Companies Act final draft to be discussed in Cabinet next meeting","author":"enterpriseam admin","date":"6 June 2017","format":false,"excerpt":"The government is preparing to discuss the final draft of the amended Companies Act at the next cabinet meeting, Al Masry Al Youm reports. The draft is expected to be delivered to the Cabinet for a discussion in the next meeting, according to an official release from the Investment and\u2026","rel":"","context":"In "Legislation + Policy"","block_context":{"text":"Legislation + Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":632408,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/11\/investment-ministry-issues-amendments-to-companies-act-regs\/","url_meta":{"origin":648015,"position":3},"title":"Investment Ministry issues amendments to Companies Act regs","author":"enterpriseam admin","date":"11 February 2018","format":false,"excerpt":"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\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":605238,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/26\/amendments-to-egypts-companies-act-scrap-mailed-invite-requirements-make-managers-subject-to-good-conduct-test\/","url_meta":{"origin":648015,"position":4},"title":"Amendments to Egypt\u2019s Companies Act scrap mailed invite requirements, make managers subject to good-conduct test","author":"enterpriseam admin","date":"26 December 2018","format":false,"excerpt":"LEGISLATION WATCH- You no longer need to invite shareholders by post: Investment Minister Sahar Nasr has amended the executive regulations of the Companies Act, according to a ministry statement (pdf). 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