Thursday, 28 February 2013

Cabinet okays draft law on trading firms


DOHA THE Cabinet approved a host of draft laws, the most important of which is the one on trading companies and their general provisions, their constitution and functioning.

Prime Minister and Minister of Foreign Affairs HE Sheikh Hamad bin Jassim bin Jabor al Thani presided over the weekly Cabinet meeting on Wednesday, where it approved a draft law on trading companies, their forms, transition, integration, division, expiry and control, establishment, subscription of shares, their board of directors and setting the bonus of the board members, their general assembly and its functions and the capital concerned.

The Cabinet also approved the civil defence draft law, the draft law of the ministry of interior relating to the procedures necessary for issuing a licence for establishing a centre for educating and training, one relating to defining equipment, tools and materials of the civil defence.

The civil defence draft law includes provisions for setting up a higher council for civil defence, which will be responsible for declaring a state of emergency, emergency provisions, the measures and procedures aimed at protecting life and property, and the authority or power of closing establishments which abstain from implementing safety measures.

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