The process of increasing the capital of companies is shortened

According to Tejarat News, Vahid Roshanghalb, the head of the primary market supervision department of the Stock Exchange and Securities Organization, has announced that due to the obsolete laws related to the process of increasing companies’ capital in the commercial law, as well as the failure of some companies to perform their duties in a timely manner. Capital is, in some cases, a time-consuming process of raising capital, and this sometimes leads to dissatisfaction among the shareholders of companies registered with the Exchange and Securities Organization.

He added: “Currently, measures are being taken to improve the above procedures.” These include negotiations to amend the old rules, as well as designing a mechanism to raise capital from receivables and bring in cash electronically to eliminate time-consuming and costly activities.

Source: سنا

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