Question 4 350 words Mr. Ibrahim and his friends started working towards forming anLLC and submitted their application for

October 20, 2020

Question 4 (( 350 words ))
Mr. Ibrahim and his friends started working towards forming anLLC
and submitted their application for the formation.
They decided to have a total Share Capital contribution to RO. 15,000 and also had intentions to have additional RO. 6,000 raised by public subscription; but maintained all details confidential. The application
was analyzed carefully
by the team involved in registration and rejected the same on the grounds of
incompleteness.
The committee further added that norms are not met and hence asked Mr. Ibrahim to comply with
all requirements with a time period of 6 months or to bear the after effects.
Answer the following:
a) Analyse the facts related to the case.
u200b
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u200b
u200b
u200b
(4 Marks)
b) Discuss the reasons for rejection of the application
by the Authorities with reference to Oman Commercial Company Law
u200b
u200b
u200b
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u200b
u200b
u200b
(4 Marks)
c) Discuss the after effects of non-compliance with the rules
of formation.
(2 Marks)

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Question 4 350 words Mr. Ibrahim and his friends started working towards forming anLLC and submitted their application for

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