MANAMA: Bahrain has done away with single person companies and has introduced ‘not for profit’ companies in key amendments to the Bahrain Commercial Companies Law promulgated through Legislative Decree No (28) of 2020.
These amendments cover a range of matters including convertible debt securities, mergers and acquisitions, elimination of single person companies, introduction of ‘not for profit’ companies and increased disclosure requirements, a leading audit and advisory firm told the GDN .
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