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NameProhibited Acts and Business Transactions within a Partnership Enterprise
DescriptionPartners are prohibited from carrying out any acts or business transactions that compete with their own general partnership enterprise including: Engaging on his own behalf in a business transaction that is similar to the purpose of the general partnership enterprise;
Engaging on his behalf of another person, such as being a manager or director of another enterprise, in a business transaction that is similar to the purpose of the general partnership enterprise; and Being a partner in another general partnership enterprise or being a general partner in a limited partnership enterprise.
Comments-
Validity From26-12-2013
Validity To31-12-9999
ReferenceArticle 51
StatusActive
Measure TypeProhibition
Agency NameEnterprise Management and Inspection Authority
Legal DocumentLaw on Enterprises No. 46/NA, dated 23 December 2013
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