Commercial Companies Law 2001: Contents

Commercial Companies Law 2001
Commercial Companies Law
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Article (218)

a— The auditor shall have at any time the right of access to the company's books, registers and documents, and of requesting any details he deems necessary. He shall also have the right to verify the company's assets and liabilities.
b— The board of directors shall enable the auditor to carry out his duties specified in the foregoing paragraph. If the auditor is unable to exercise such rights, he shall report this in writing to the board of directors, and if the board does not facilitate his task, the board shall invite the ordinary general assembly to consider the matter.
c— In all cases the auditor shall provide the Ministry of Commerce and Industry with copies of his reports and remarks whatsoever, whether they are financial or administrative and whether they are presented to the company's general assembly or to the board of directors.
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