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JLCC
- March 14, 2024
Trade Law No. 17 of 1999 established several procedures and conditions for issuing the commercial register and registering in it, as Article 31 of it stipulates that a register shall be prepared in the competent administrative authority in which the names of merchants, whether individuals or companies, are recorded, and they apply with regard to the designation of those subject to registration in the commercial register and the dates of registration. The data required to be registered, the registration to be deleted, the penalties prescribed for violating these provisions, and the laws and decisions related to that.
According to the law, everyone who is registered in the commercial registry must indicate on the front of his shop and in all correspondence and publications related to his trade his commercial name, the commercial registry office where he is registered, and the registration number. Every person may obtain from the commercial registry office a copy extracted from the registration page, and in the case of non-registration, a The office has a negative certificate, and the copy extracted from the registration page may not include:
(a) Provisions for declaring bankruptcy if a ruling is given for rehabilitation.
(b) Provisions of interdiction if it is ruled to be lifted.
The law stipulates that the data registered in the commercial register shall be evidence against others from the date of its registration in the register unless the law stipulates otherwise. It is not permissible to invoke against third parties any statement that must be registered in the commercial register and has not been registered unless it is proven that the third party is aware of the content of the statement. The merchant may not insist on not being registered in the commercial register in order to escape from the obligations imposed on him by the law or that arise from his transactions with others in his capacity as a merchant.