We, Qaboos bin Said, the Sultan of Oman
after perusal of Royal Decree 26/75 Issuing the Law Governing the Administrative Apparatus of the State and its amendments,
the Commercial Companies Law 4/1974,
and in pursuance of public interest,
have decreed as follows
Article 1
The following text is hereby added to the text of article I(b) of the mentioned Royal Decree 2/1977:
Provided that the mentioned minimum paid-up capital may be reduced to thirty thousand Rial Omani in cases recommended by the Foreign Capital Investment Committee and based on reasonable economic reasons submitted by the committee and approved by the Minister of Commerce and Industry and after the approval of the Development Council.
Article 2
This decree must be published in the Official Gazette, and comes into force on the date of its publication.
Issued on: 5 Jumada Al-Awwal 1398
Corresponding to: 12 April 1978
Qaboos bin Said
Sultan of Oman
Published in Official Gazette 145 issued on 15 April 1978.