Register of Shareholders (Corporate)

Document Summary

This document records the details of each corporate partner or shareholder. Any change or update to the register of corporate shareholders must be communicated to the competent authority and the company’s registrar within 15 days from such change or update.

However, the 15 days may vary depending on the relevant authority.

Description

According to clause 1 of article 10 of the Cabinet Decision No. 109 of 2023 On the Regulation of the Real Beneficiary Procedures:

A legal person shall keep the details of data of each partner or shareholder in the Register of Partners or Shareholders, and shall update this Register and include any change that occurs to it within (15) fifteen days from the date of its knowledge of it,provided that it includes the following data:

• The number of shares or stocks owned by each of them, their categories, and the voting rights related to them.
• The date of acquiring capacity as a partner or shareholder.
• For partners or shareholders from among legal persons: Providing the data mentioned in Clause (1) of Article (4) of this Decision.

The corporate partner/shareholder must provide the following additional information in accordance with clause 1 of article 4 of the Cabinet Decision No. 109 of 2023 On the Regulation of the Real Beneficiary Procedures:

• Name, legal form and articles of association.
• Address of the headquarters or the main workplace. In case the legal person is a foreigner, the name and address of their legal representative in the State shall be mentioned, and supporting documents shall be submitted as evidence to prove the aforementioned matter.
• The Statute or any other similar documents approved by the Concerned Entity in the State.
• The names of the relevant persons who hold senior management positions or managers at the legal person, who have the authority to issue decisions and their data is recorded based on the travel document or the civil card, its number, issuer and the date of its issuance and expiry.

Jurisdiction

This document is intended for use in the United Arab Emirates.

Disclaimer

This document is provided for reference only and is not intended to be, and should not be considered, legal advice. Determinations about whether this document will be appropriate in your particular situation or jurisdiction should be made after consultation with a legal counsel. Kanoony will not assume any legal liability that may arise from the use of this document.

Before Execution

• The information on this front page or contained in the headers and footers of this instrument are for guidance purposes only.
• Please delete this front page together with the information contained in the headers, footers and the endnotes prior to circulating this letter. Where square brackets […] and highlights are used in the document, it indicates that there is missing or incomplete information which will need to be incorporated prior to signature.
• Please remove the square brackets and all highlighting prior to signature.