Ministerial Decisions
Ministry of Commerce & Industry
Ministerial Decision No. 201/2016
Amending certain provisions of the rules and conditions for the election of members of boards of directors of public joint stock companies, and the provisions relating to their responsibilities (issued by MD 137/2002).
This decision aligns the rules with the Code of Corporate Governance issued by the Capital Market Authority in 2015. The amendments require (amongst other things) that all board members be non-executive and at least one third of them be independent (a minimum of 2 members). The amendments also list the criteria of an independent member and require the board to establish a 'Nomination and Remuneration Committee'.
Issued on 31 August 2016. Effective from the day after the date of publication.
Ministry of Agriculture & Fisheries
Decision No. 243/2016
Regulating the Sultanate's fish exports and specifying the varieties thereof.
Issued on 28 August 2016. Effective from 1/9/2016.
Decision No. 245/2016
Issuing the regulations on the use of beach surface fishing nets (seines).
Issued on 29 August 2016. Effective 30 days after the date of publication.
Official Announcements
Ministry of Commerce & Industry
Announcements concerning the publication of trademak registration applications
Correction: - Noting that there was a material error in the details published for Trademark No. 92900 in Official Gazette No. 1149, issued on 5 June 2016.
Tender Board
Tender No. 8/2016
For a project to supply, develop, implement and support an Electronic Documents and Records Management System for the National Records and Archives Authority and 14 Government bodies.
Commercial Announcements
The commencement of liquidation proceedings in respect of the following businesses is announced:
- Al Alama Maintenance & Engineering Solutions LLC.
- Wadi Al Sukhoor LLC.
- Muscat Centre for Services and Talent Development LLC.
- Said Al Ghaithy & Son Trading & Contracting – Limited Partnership.
- Amjad Majzi Trading – General Partnership.
Dentons is the world's first polycentric global law firm. A top 20 firm on the Acritas 2015 Global Elite Brand Index, the Firm is committed to challenging the status quo in delivering consistent and uncompromising quality and value in new and inventive ways. Driven to provide clients a competitive edge, and connected to the communities where its clients want to do business, Dentons knows that understanding local cultures is crucial to successfully completing a deal, resolving a dispute or solving a business challenge. Now the world's largest law firm, Dentons' global team builds agile, tailored solutions to meet the local, national and global needs of private and public clients of any size in more than 125 locations serving 50-plus countries. www.dentons.com.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.