Author: admin

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the Commercial Companies Law 4/74 and its amendments,

and in pursuance of public interest,

have decreed as follows

Article I

The text of article 13bis(8) of the mentioned Commercial Companies Law is hereby replaced with the following text:

The merger must be announced by publication in two daily newspapers for two consecutive times and registered in the Commercial Register. The implementation of the merger decision must be after the lapse of three months from the date of its publication in the Commercial Register. The Minister of Commerce and Industry may, by a decision published in two daily newspapers for two consecutive times, reduce this period if the public interest so requires. The creditors of the merged company may, within the prescribed time limit, object to the merger with the company by a registered letter. The merger shall remain suspended unless the creditor waives his objection or the competent court decides to reject it by a final judgment or the company fulfils the debt if it is immediate or provides sufficient guarantees to fulfil it if it is deferred. and if no objection is submitted within the deadline, the merger must be considered effective.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 24 Rabi Al-Awwal 1426
Corresponding to: 3 May 2005

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 791 issued on 15 May 2005.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

the Oil and Minerals Law issued by Royal Decree 42/74,

and the petroleum agreement between the Minister of Oil and Gas on behalf of the Government of the Sultanate of Oman and Reliance Industries Limited signed on 12 March 2005,

and in pursuance of public interest,

have decreed as follows

Article I

The petroleum agreement signed on 12 March 2005 between the Government of the Sultanate and Reliance Industries Limited is hereby approved.

Article II

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 3 Rabi Al-Awwal 1426
Corresponding to: 12 April 2005

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 789 issued on 16 April 2005.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

and the United Nations Convention Against Transnational Organized Crime adopted by United Nations General Assembly resolution 55/25 of 15 November 2000 and the protocols attached to it,

and in pursuance of public interest,

have decreed as follows

Article I

The accession of the Sultanate of Oman to the mentioned United Nations Convention Against Transnational Organized Crime and the protocols attached to it is hereby approved.

Article II

Competent entities must undertake the procedures for acceding to the mentioned convention and the protocols attached to it in accordance with their provisions.

Article III

This decree must be published in the Official Gazette, and comes into force on the date of its issuance.

Issued on: 3 Rabi Al-Awwal 1426
Corresponding to: 12 April 2005

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 789 issued on 16 April 2005.

Arabic

We, Qaboos bin Said, the Sultan of Oman

after perusal of the Basic Statute of the State issued by Royal Decree 101/96,

the Commercial Companies Law 4/1974 and its amendments,

and the Law on Pensions and End of Service Gratuity for Omani Government Officers issued by Royal Decree 26/86 and its amendments,

the Social Insurance Law issued by Royal Decree 72/91 and its amendments,

the Capital Market Law issued by Royal Decree 80/98 and its amendments,

Royal Decree 46/99 Transforming the Public Authority for Telecommunications Into an Omani Closed Joint Stock Company (SAOC),

and the Privatisation Law issued by Royal Decree 77/2004,

and in pursuance of public interest,

have decreed as follows

Article I

The issued capital of Oman Telecommunications SAOC is hereby increased to seventy-five million Rial Omani from 31 December 2003.

The company may amend its issued or authorised capital in accordance with the procedures prescribed in the mentioned Commercial Companies Law.

Article II

The company may be converted into a public joint stock company by following the procedures stipulated in the mentioned Commercial Companies Law.

Article III

The amendment of the duration of the company, the rules and procedures for forming its board of directors, or other provisions contained in its articles of association must be by a decision of the general meeting of the company.

The general meeting and the board of directors of the company may exercise the powers and authorities prescribed for each of them in the mentioned Commercial Companies Law.

Article IV

The Council of Ministers shall issue the rules governing the following:

1. Determining the percentage, procedures, and conditions for selling any part of the capital of the company owned by the government, or offering it for public subscription.

2. Determining the nominal value of the shares of the capital of the company and the entities and persons who may purchase or subscribe to them.

3. Determining the period during which it is not permitted for purchasers of the shares of the capital of the company to dispose of them to others, or during which it is not permitted for subscribers to trade the subscribed shares to other than Omani individuals.

The determination of the mentioned rules must be an exception to the provisions of the mentioned Commercial Companies Law, the Capital Market Law, and the Privatisation Law.

Article V

The provisions of the mentioned Law on Pensions and End of Service Gratuity for Omani Government Officers must apply to employees transferred and appointed to the company until 30 June 2003.

These provisions must continue to apply to the mentioned employees if they are appointed after this date in one of the subsidiaries established by Oman Telecommunications Company.

The provisions of the mentioned Social Insurance Law must apply to employees appointed after this date.

Article VI

Article XI of the mentioned Royal Decree 46/99 is hereby repealed, as well as all that is contrary to this decree or in conflict with its provisions.

Article VII

This decree must be published in the Official Gazette, and comes into force on the date of its publication, with the exception of article IV, which comes into force on 18 January 2005.

Issued on: 3 Rabi Al-Awwal 1426
Corresponding to: 12 April 2005

Qaboos bin Said
Sultan of Oman

Published in Official Gazette 789 issued on 16 April 2005.