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Liquidation for Merger
First Stage:
- Merge Agreement (between both companies and truly authenticated by the Notary Public)
- Minute of the General Assembly from the merged company, and appointing a liquidator stating the name, provided that it is authenticated by the Notary Public.
- Bringing the liquidator's documents (copy of license, certificate of the accountant registration, a signature specimen authenticated by the Notary Public.
- Payment of Dhs 2010 to obtain the merger certificate and appoint a liquidator, after getting the approval of the legal adviser.
- Announcement in two Arabic newspapers for one day, however the ad must include the statement of (liquidation for merger) and creditors shall be given 60 days as of the date of the declaration to file their claims.
Second Stage:
- A resolution from the General Assembly of the merging company to increase its capital based on an assessment of the merged company, and the distribution of the increase in capital on partners in the merged company.
- Attachment to the MOA to increase capital and add partners (authenticated by the Notary Public)
- Bringing the original newspapers in which the announcement was made and the company's final report.
- A declaration from the liquidator and partners stating that there is no objection from any other authority in 60 days after the announcement was published.
- A copy of the minute of the General Assembly meeting and a copy of the merge certificate.
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