DOHA: The private sector has objected to a draft commercial companies’ law the Ministry of Business and Trade has recently released for public review and claimed that it has been framed without their consultation.
The sector has, thus, demanded that a committee be set up afresh with their representatives on it to overhaul the draft completely.
A symposium was held yesterday at Qatar Chamber, representative body of the private sector, to discuss the articles of the draft where several speakers described it as vague.
A prominent Qatari businessman, Sherida Al Kaabi, told the symposium he felt that the draft had been framed to encourage foreign companies.
“The trade ministry doesn’t seem to be aware of the negative consequences of having such a legislation in place,” Al Kaabi, who represents the Qatari Businessmen’s Association, said thundering.
http://thepeninsulaqatar.com/business/223823-private-sector-objects-to-draft-companies-law.html
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