Verified Legal Answer Saudi Law 🇸🇦 العربية

What are the legal obligations incumbent upon the management of a limited liability company when its losses reach half of its capital?

2 views · 1 day ago

Legal Answer

Radiif AI Legal Assistant

⚡ Quick Answer:

When the losses of a limited liability company reach half of its capital, its management must register this fact in the Commercial Register and invite the partners to a meeting within a period not exceeding ninety days from the date they become aware that the losses have reached this amount,...

When the losses of a limited liability company reach half of its capital, its management must register this fact in the Commercial Register and invite the partners to a meeting within a period not exceeding ninety days from the date they become aware that the losses have reached this amount, to consider the continuation of the entity or its dissolution.
Source: Radiif.com (رديف) · Saudi Legal AI Platform

Legal References & Citations

1
نظام الشركات - Article 181

Share this answer:

About Radiif

Radiif is an AI legal platform specialized in Saudi Arabian law, providing answers verified by legal references and articles.

This answer is for general legal education and is not legal advice. Please consult a licensed attorney for your specific case.

Page Stats

Views 2
Citations 1
Language English 🇺🇸

Do you have specific details about your case?

Ask Radiif AI Legal Assistant now and get verified answers with exact citations from Saudi law.

Direct Legal Consultation

Do you want to consult a certified lawyer for this case?

We can suggest a list of certified lawyers with extensive expertise specifically in this domain.