By Financial Executives Research Foundation
This file analyzes present advertisement coverage marketplace stipulations and gives suggestions for renewing advertisement policies.
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Extra resources for Commercial Insurance: Strategies for Renewal
Must certify that all books, documents, invoices and necessary items of information were made ava ilable to them and that the profit and loss account and balance sheet prepared by the board of directors reflect the financial position of the company in a correct and clear manner. NOTE: By the term "official accountants" used in this article, it is meant the official accountants who are the subject matter of Chapter 7 of the Direct Taxation Act approved in Esfand 1345. If the manner of appointment of the official accountants is changed or if they are called by another name or title by a new enactment, suc h variations shall be applicable to the accountants mentioned in this article.
B) The objectives of the company and the type of activities pursued by the company. (c) The address of the principal office of the company and the addresses of its branch offices, if any. (d) The date of expiry of the duration of the company if the company has been formed for a limited period of time. (e) The authorized and paid-up capital. (f) If preferred shares have been issued, an indication of the number of such shares and the privileges attached thereto. (g) The full identity of the chairman, directors and the director of the company.
ARTICLE 250. The chairman and the members of the board of directors of any public joint stock company who, prior to the payment of the share capital in its entirety and before the lapse of two full years from the registration of the company and the approval of two balance sheets in general meetings, issue debentures shall be liable to cash penalty ranging from twenty thousand Rials up to two hundred thousand Rials. ARTICLE 251. The chairman and the members of the board of directors of a public joint stock company who issue debentures without having observed the provisions of Article 56 of this Act shall be condemned to simple imprisonment for a period ranging from three months up a two years and a cash penalty ranging from twenty thousand Rials up to two hundred thousand Rials.
Commercial Insurance: Strategies for Renewal by Financial Executives Research Foundation