Shareholders' Resolution – Appointment of Auditors

Document Summary

Through this shareholder’s resolution, a new auditing company is appointed.

The auditing company’s duties include but are not limited to inspecting the balance sheet and the profits and losses accounts and review transactions of the company with related parties.

Description

As per article 27 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, every joint stock company or limited liability company shall have one or more auditors to audit the accounts of the company on a yearly basis.

According to article 102 of Federal Decree-Law No. 32 of 2021 on Commercial Companies, a Limited Liability Company shall have one or more auditors to be elected by the general assembly of the partners every year.

Jurisdiction

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

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.

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.