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Ministerial Decision

Capital Market Authority: Decision 132/2021 Issuing the Principles of Corporate Governance for Companies in Which the Government Owns Shares

Arabic

Based on the Commercial Companies Law promulgated by Royal Decree 18/2019,

 and the approval of the Board of Directors of the Capital Market Authority,

 and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached principles hereby apply in regard to the governance of companies in which the government owns shares.

Article II

Companies addressed by the provisions of the attached principles shall rectify their status in accordance with their provisions within a period not exceeding 12 (twelve) months from the date of their entry into force. The current boards of directors of companies continue until the end of their term, after which they must be reformed in accordance with the provisions of the attached principles.

Article III

All that is contrary to this decision and the attached principles, or in conflict with their provisions, is hereby repealed.

Article IV

This decision must be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 30 Safar 1443
Corresponding to: 6 October 2021

Sultan bin Salim bin Said Al-Habsi
Minister of Finance
Chairman of the Board of Directors of the Capital Market Authority

Published in Official Gazette 1412 issued on 17 October 2021.


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Categories
Ministerial Decision

Ministry of Higher Education, Research, and Innovation: Ministerial Decision 86/2021 Establishing Duqm University College

Arabic Auto Translate

Published in Official Gazette 1412 issued on 17 October 2021.

Categories
Ministerial Decision

Ministry of Heritage and Tourism: Ministerial Decision 136/2021 Forming the Government Committee for Licensing Integrated Tourism Complexes and Its Working System

Arabic Consolidated Text

Based on the System for the Ownership of Real Estate in Integrated Tourism Complexes promulgated by Royal Decree 12/2006,

Royal Decree 91/2020 Amending the Name of the Ministry of Heritage and Culture to the Ministry of Heritage and Tourism, Determining Its Competences, and Adopting Its Organisational Structure,

Ministerial Decision 43/2007 Forming the Government Committee for Licensing Integrated Tourism Complexes and Its Working System,

and the Executive Regulation of the System of the Ownership of Real Estate in Integrated Tourism Complexes issued by Ministerial Decision 191/2007,

and in pursuance of public interest,

it is hereby decided

Article I

A government committee for licensing integrated tourism complexes is hereby formed under the chairmanship of the Minister of Heritage and Tourism and the membership of:

1. The Undersecretary of the Ministry of Heritage and Tourism for Tourism           Deputy

Chairman

2. The Undersecretary of the Ministry of Housing and Urban Planning for Urban Planning

Member

3. The Undersecretary of the Ministry of Commerce, Industry, and Investment Promotion for Investment Promotion

Member

4. The Director General of Criminal Inquiries and Investigations in Royal Oman Police

Member

5. The Director General of Planning in the Ministry of Heritage and Tourism

Member

6. The Assistant Director General of Environmental Affairs in the Environment Authority

Member

The committee may seek the assistance of whomever it deems appropriate from consultants, experts, and specialists to attend its sessions in order to be guided by their opinions, without having a counted vote in the decisions issued by the committee.

Article II

The committee is competent with the following functions:

1. Examining licence applications to grant the status of integrated tourism complexes.

2. Proposing amendments to the licensing rules and controls for the establishment of integrated tourism complexes.

3. Any other matters referred by the chairman of the committee that are relevant to licences for integrated tourism complexes.

Article III

The committee shall have a secretariat, which shall be competent with the administrative functions of the committee, the preparation and coordination of its meetings, and the archiving of its documents and the decisions adopted by the committee.

Article IV

The application for obtaining a licence for an integrated tourism complex shall be submitted to the secretariat of the committee on the form prepared for this purpose, provided that 8 (eight) copies of the following documents are attached to it:

1. Preliminary development plan.

2. A statement by the consultant on the percentage of the land area used for construction, distributed according to the type of use.

3. The title deed or the real estate right in rem.

4. The commercial register, passport, or identity card of the developer.

5. A preliminary statement of the number of shareholders (if any) and their shares in the project.

Article V

The licence application must meet all the conditions and requirements stipulated in this decision. In the event that any of them is not met, the secretariat of the committee shall notify the licence applicant of the deficiencies in his application, and shall grant him a grace period not exceeding 60 (sixty) days from the date of his notification to complete the required documents, otherwise, the application is considered rejected.

Article VI

The committee shall meet upon the call of the chairman or his deputy within 30 (thirty) days from the date of submitting the application, fulfilling all the prescribed conditions and requirements. The meeting of the committee shall be valid if attended by the majority of its members, provided that the chairman or his deputy is among them. The committee issues its decisions by a majority of the votes of the attending members, and in the case of a tie vote, the side that includes the chairman of the meeting prevails.

The chairman may call the committee to convene whenever necessary.

Article VII

The committee shall examine the application and decide on it within a period not exceeding 30 (thirty) days from the date of its presentation before it. In the event of rejection, the decision must be reasoned.

Article VIII

The licence applicant may, in the event that his application is rejected, file a grievance against the decision of the committee to the Minister of Heritage and Tourism within 60 (sixty) days from the date of his notification of the rejection. The minister shall decide on the grievance within 30 (thirty) days, and the lapse of the period without a response is deemed a rejection of the application.

Article IX

The licensing fees for integrated tourism complexes are hereby determined in accordance with the attached annex.

Article X

The aforementioned Ministerial Decision 43/2007 is hereby repealed, as well as all that is contrary to this decision or in conflict with its provisions.

Article XI

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 5 Safar 1443
Corresponding to: 12 September 2021

Salim bin Mohammed Al-Mahruqi
Minister of Heritage and Tourism

Published in Official Gazette 1409 issued on 26 September 2021.


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Categories
Ministerial Decision

Ministry of Economy: Ministerial Decision 123/2021 Making an Amendment to the Organisational Structure of the Ministry of Economy

Arabic Auto Translate

Published in Official Gazette 1407 issued on 12 September 2021.

Categories
Ministerial Decision

Ministry of Education: Ministerial Decision 190/2021 Amending Some Provisions of the Regulation Governing School Modes of Transportation

Arabic Auto Translate

Published in Official Gazette 1407 issued on 12 September 2021.

Categories
Ministerial Decision

Ministry of Justice and Legal Affairs: Ministerial Decision 76/2021 Issuing the Regulation Governing Expert Undertakings before the Courts

Arabic Auto Translate

Published in Official Gazette 1407 issued on 12 September 2021.

Categories
Ministerial Decision

Consumer Protection Authority: Decision 2/2021 Issuing the Executive Regulation of the Unified Law (System) for Combating Commercial Fraud of the States of the Cooperation Council for the Arab States of the Gulf

Arabic Auto Translate

Published in Official Gazette 1406 issued on 5 September 2021.

Categories
Ministerial Decision

Council of the Administrative Affairs of the Judiciary: Decision 426/2021 Issuing the Regulation of Judicial Inspection

Arabic Auto Translate

Published in Official Gazette 1406 issued on 5 September 2021.

Categories
Ministerial Decision

Higher Judicial Institute: Decision 24/2021 Issuing the Regulation of Study and Training in the Higher Judicial Institute

Arabic Auto Translate

Published in Official Gazette 1406 issued on 5 September 2021.

Categories
Ministerial Decision

Ministry of Finance: Ministerial Decision 113/2021 Publishing the Final Account of the State for the Fiscal Year 2020

Arabic Auto Translate

Published in Official Gazette 1407 issued on 12 September 2021.