The most important legal news in local newspapers
We in Ben Arafa Law Group Consulting & Legal Legitimacy L.L.C likes to provide you of the most important legal news in the local newspapers for this week, which related to your business and commercial, labor and procedural activities, and accordingly we provide you with the most important news as follows:
Saudi Bar Association in cooperation with the ministry of justice launches “The Unified Attorney Fees Contract” the new charter for attorney contracts
Unified attorney fees contract: is an electronic contract that regulates the contracting relationship between the legal establishment and the client that acquires the position of the executive deed. It is treated through the enforcement courts in the ministry of justice.
It aims at preserving the rights and reinforcing reliability between the legal establishment and its clients.
Raising the organization level of professional practices.
Facilitating contracting process and automation of its procedures.
Decreasing disputes and acceleration of procedures through the enforcement justice.
Scope of services:
Representation and pleading.
Providing legal consultations.
Other legal services.
Approving the amendments of the executive bylaw for VAT Law
Zakat, Taxes and Customs Authority announces issuing its board of directors decree number (01-06-24), dated to 17th Gmady Awla, 1446H, for approving material amendments of the executive bylaw for VAT. The decree is published in number (5082) of the official journal in the KSA, to be enforceable from the date of publishing.
Those amendments came in the authority efforts to apply the best international practices in the tax filed, to reinforce the optional compliance and upgrading the related organizational procedures for applying VAT in the KSA.
The amendments include a number of basic elements including registration of tax groups, where the conditions for joining the group are pointed out and updated, including the necessity that at least 50% of the identities should be owned be the same legal identity, while no one of its members participates in another tax group or a special zones which are governed by the customs suspension.
Also, the procedures for appointing the tax representative for the group and allocating his legal responsibility towards the authority, were regulated.
Legal Information
Article number forty four of the companies’ law allocated shares of shareholders and their transfer.
Shares of shareholders shouldn’t be represented in current instruments.
A shareholder shouldn’t transfer his shares whether entirely or partly unless through considering the limitations mentioned at the company articles of association or through the approval of other shareholders. Each agreement for shares transfer without considering the limitations or the shareholders’ approval shall be null. That transfer shall be registered at commercial register.
The shareholder may transfer the financial rights related to his share in the company to others, while that transfer shall not has any influence except between its parties.
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