Cabinet Decision No. 102/2022 On the Issuance of the Regulation on the Administrative Penalties for Acts Committed in Violation of the Provisions of Federal Decree-Law No. 32/2021 on the Commercial Companies

Abrogating

Cabinet Decision No. 78/2022.

The Council of Ministers

Pursuant to the perusal of the Constitution,

Federal Law No. 1/1972 on the Competencies of Ministries and the Powers of Ministers, and its amendments,

Federal Law No. 14/2016 on Violations and Administrative Penalties in the Federal Government,

Federal Decree-Law No. 26/2019 on the Public Finance,

Federal Decree-Law No. 32/2021 on the Commercial Companies,

Cabinet Decision No. 78/2022 on the Issuance of the Regulation on the Administrative

Penalties for Acts Committed in Violation of the Provisions of Federal Decree-Law No. 32/2021 on the Commercial Companies,

Acting upon the proposal of the Minister of Finance, and the approval of the Council of Ministers,

Has decided the following:

Article 1 - Definitions

In application of the provisions of the present Decision, the following terms and expressions shall have the meanings assigned against each of them, unless the context requires otherwise:

State: The United Arab Emirates.