Commercial Code of Iran
The Commercial Code of Iran is the most significant law of the country in connection to the commercial affairs. This is also one of the oldest legislation which has not radically modified from May 3, 1932.
Commercial Code of Iran
The Commercial Code of Iran is mainly formed from the Commercial Code of France 1807. Recently and due to the new changes in the international commercial environment, the need for some modifications has been recognized by the Iranian jurists. The draft of the new Commercial Code of Iran has been prepared few years ago although it is not ratified yet by the Parliament.
In 1968, the chapter of Joint-stock companies has been modified completely in 300 articles. In addition to the provisions of the Joint-stock companies, two other chapters have been practically annulled through new legislation. These two chapters are about brokerage and bankruptcy.
Click on the link below to read more:
Comments
Post a Comment