Book traversal links for Article (77) Amendment of the Memorandum & Articles of Association
Article (77) Amendment of the Memorandum & Articles of Association
Fed Law 14/2018 Issued on 1/10/20181) Licensed Financial Institutions shall seek Central Bank approval for amendments to their memorandum or articles of association. Such amendments shall only take effect after they were entered into the register.
2) The Central Bank shall decide on the application. Should the Central Bank decided to reject the application to enter the amendment, the matter shall be presented to the Board of Directors whose decision in that respect shall be final.