The Procedure Of Company Registration

1. The memorandum of the association is very important for company formation in Oman because it defines the roots, structure, identity, objects of the company. The company registration is not easy task to do there are also many promoters who provides their services for the purpose of company incorporation with simple fees or become a partner or shareholder in the company. The memorandum must be strong the notice of alteration of the memorandum may be issued against the company, the name of the company must be unique and new there are no other firm present to use the same name and operating their businesses. The document for company formation is the AOA; article of association is a document regulating the rights of the member of company among themselves and the manner in which the business of the firm shall be conducted. The whole management is dealt with in article. The articles contain provisions of the internal management of the company. The law requires that a company can exercise certain powers only when it is authorized to do so by article. The company formation is possible when the article of association is fully complete with the information of members of the firm and the nature of the business. The Procedure Of Company Registration

2. The company registration needs the prospectus which is issued by the firm, the prospectus is very essential for setting up a company in Oman; the copy of each prospectus must be signed by every director of the firm for registration purposes with the registrar or according to the company's law. • A company which does not issue the prospectus on its formation shall not allow any shares or debentures unless before the first allotment of first either shares or debentures there has been filled with the registrar a statement in lieu of prospectus signed by every person who is named there in as a director of the firm.