Cabinet agrees to amend Commercial Register Law

TDT | Manama

The Cabinet agreed yesterday to amend the Commercial Register Law and decided to refer it to the Council of Representatives in a matter of urgency, in accordance with constitutional and legal procedures in force.

This was among the other issues tackled during yesterday’s weekly Cabinet session, which was chaired by His Royal Highness the Prime Minister Prince Khalifa bin Salman Al Khalifa and attended by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier.

The amendment allows the Minister of Industry, Commerce and Tourism to transfer the central commercial registration services of closed joint-stock companies from the competent directorate at the Ministry to Bahrain Clear Company, owned by the Bahrain Bourse.

This aims to ensure more transparency and flexibility in managing closed joint-stock companies and providing additional services without prejudice to the specificity of those companies, as recommended by the Ministerial Committee for Legal and Legislative Affairs and presented by the Deputy Premier and committee chairman.

Meanwhile, the Cabinet welcomed the ceasefire announced by the Joint Command of the Arab Coalition to Restore Legitimacy in Yemen, lauding the humanitarian reason behind this initiative amid the conditions Yemen and the world are going through because of the COVID-19 pandemic.

The session also welcomed the outcomes of the extraordinary OPEC and non-OPEC Ministerial Meeting, under the chairmanship of Saudi Arabia, noting that the agreement will contribute to restoring balance to oil markets.

The Cabinet discussed a new decree stipulating the addition of a new article to Decree 54/2019 on the establishment of the Mohammed bin Mubarak Al Khalifa Academy for Diplomatic Studies.

The Cabinet agreed to transfer the affiliation of the Al-Oruba Club, the Alumni Club, and the Aviation and Travel Club from the Ministry of Youth and Sports Affairs to the Ministry of Labour and Social Development.

The Labour Ministry would be the competent administrative authority to which they report, in light of the recommendation submitted for this purpose by the Ministerial Committee for Legal and Legislative Affairs.

The Cabinet agreed to update the Bahrain terror list by adding more individuals and entities related to terrorism financing, in light of the memorandum submitted in this regard by the Minister of Foreign Affairs.

The session also approved a proposal submitted by the Council of Representatives to re-plan and revamp the Riffa Central Market, in addition to another on allowing the admission of graduates of the technical and vocational education programme at the University of Bahrain.

The Cabinet endorsed the government’s response to a proposal regarding a specialised hospital in the Southern Governorate.