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Qatar Commercial Law

Qatar Commercial Law

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Published by Vivekanand
Qatar Commercial law
Qatar Commercial law

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Published by: Vivekanand on Jun 20, 2009
Copyright:Attribution Non-commercial

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10/18/2011

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If the State or a public authority or corporation becomes a
shareholder in a shareholding company, each may depute two
representatives in the board in proportion to the shares owned by
it. Their number will be deducted from the total number of members
in the board of directors. They will have the exclusive right to
dismiss these representatives and appoint other at any time.

Law No. (5) of 2002

(32)

The representatives of the State of authority or corporation
appointed in the board of directors will have all the rights and
liabilities of the elected members. Each party will be responsible for
the acts of its representatives against company, its creditors and
shareholders.

The representatives of the State of authority or corporation in the
board of directors will be exempted from submitting the guarantee
shares for their membership.

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