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Law No: 10/96 (An Unofficial Translation)
No share at a discount
31. No shares in a company shall be issued at less than its nominal value.
Shares jointly owned
32. Two or more persons may jointly own a share, provided only one of them shall represent the share for the purpose of the company.
Financial assistance for the purchase of company shares
33. No company shall give financial assistance for the purchase or subscription of its shares.
Share certificate
34. (a) Every company shall issue to its members a share certificate. The share certificate is evidence of the shareholder’s title to the share specified in the certificate.
(b) Every share certificate shall specify the class and the value of the share.
Considerations
35. A company may issue shares for considerations other than money, even in such instance, they shall not be issued at less than their nominal value.
