Is the submission of certified financial statements required for the commencement of Financial Reorganization proceedings?
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Radiif AI Legal Assistant
⚡ Quick Answer:
Yes, the submission of financial statements certified by a licensed auditor for the last two financial years is an essential condition for the acceptance of the application for the commencement of Financial Reorganization proceedings.
Legal References & Citations
لائحة المعلومات والوثائق الصادرة بقرار لجنة الإفلاس رقم (١٧/٠٢١٨) وتاريخ ١٣/٣/١٤٤٠هـ، والمعدلة بقرار لجنة الإفلاس رقم (٩٩/٠٢٢٠) وتاريخ ٨/٥/١٤٤٢هـ
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