Violations and crimes stipulat...

Corporate laws and regulations are the foundation that maintains business order and ensures transparency and integrity in corporate management. Company liquidators must adhere to these laws and regulations, and if they are violated, the liquidator may be exposed to several violations and crimes, leading to serious legal consequences. In this article, we will review some of the violations that a company liquidator may fall into and which he must avoid.

1 - Failure to prepare the company’s financial statements within the statutory period

2- Displaying the company’s financial position in a way that is contrary to the truth

3 - Failure to deposit a copy of the financial statements with the Qawaem platform during the statutory period

4 - Recording false or misleading data or information in the financial statements

5 - Not calling for the annual general assembly of partners and shareholders within the period specified by law

6 - Preventing the shareholder or partner from enjoying the voting rights associated with his shares or shares

7 - Exploiting funds and authorities against the company’s interests to achieve direct or indirect benefit

8 - Exploiting funds and authorities against the interests of the company to favor another person or company