House economy committee approves amendments to 2022 Companies Law

Lower House  Parliament
(File photo: Jordan News)
AMMAN — The Lower House Economy and Investment Committee approved a number of amendments to the 2022 Companies Law, the Jordan News Agency, Petra, reported.اضافة اعلان

During the meeting on Sunday, chairman, the committee's head MP Omar Naber, in the presence of the Minister of State for Legal Affairs Nancy Namrouqa and stakeholders, said lawmakers continued to debate the draft law and approved the necessary amendments in this regard.

Streamline procedures
Naber said the draft aims to facilitate and streamline procedures related to corporate businesses. It also aims to save time, effort, and costs for company shareholders and contribute to enhancing competitiveness of the Kingdom's business environment.

Additionally, Naber added that the bill helps attract foreign investments and ensure stability of legislation for venture capital companies, which would advance Jordan's economic development, support small and medium companies and startups and achieve legislative harmony for doing business, including insolvency and securities laws.

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