Steps to amend the articles of incorporation
The Ministry urged companies to visit the “Business Platform”: business.sa and access the “Amendment of the Memorandum of Association / Articles of Association” service, choose the reason for the amendment “Harmonization” and submit the request electronically, to take advantage of (no financial charge for publication fees) at the present time, and to enable companies to take maximum advantage of the electronic services provided to companies from all government agencies.The Ministry urged companies to visit the "Business Platform": business.sa and access the "Amendment of the Memorandum of Association / Articles of Association" service.
Benefits of the Articles of Incorporation
The main advantages of amending the Memorandum of Association are: A small and micro company that meets the criteria can benefit from the requirement to exempt the appointment of an auditor according to the law, the data of the memorandum of association / articles of association can be verified electronically by the public and private sectors, the company can amend all articles of the current memorandum of association / articles of association by requesting the amendment of the memorandum of association, companies with manual and electronic contracts, and companies issued with a license from the Ministry of Investment can amend the memorandum of association.
Most of the advantages of amending the memorandum of association are.
Request to amend the Memorandum of Association
The Ministry of Commerce Ministry of Commerce explained that the request to amend the memorandum of association is submitted by: (Partner/Director/Authorizer), and requires the existence of an extraordinary general assembly resolution for joint stock companies, and simplified shareholding, and the request is submitted for the main records of companies only.Ministry of Commerce <A request to amend the Memorandum of Association cannot be submitted in the following cases: There are existing applications for renewal or amendment of the commercial register under processing, there is an existing application to amend the memorandum of association for the same company, and when the status of the company's commercial register has been terminated.
About the main highlights of the application. <Regarding the most important articles that are amended in the Memorandum of Association / Articles of Association, depending on the type of the company's entity, some articles are subject to total or partial amendment or remain the same, the most prominent articles are: Partners, company name, company purposes, capital, management of the company.
