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Article 1
Article (1) Article (5) of the Original Law is hereby superseded by the following:
Dubai Law·13 of 2010
Law ID
dubai-law-2010-13
Plain-language summary
Amends Article 5 of the original law to establish the capital of the DAC at five hundred million Dirhams, fully paid by the Government.
Synced from the official UAE Legislation portal · Plain-language summary by the LEXAI editorial team
Article-level text
3 articles
1
Article (1) Article (5) of the Original Law is hereby superseded by the following:
2
Article (2) This Law comes into force on the day on which it is issued, and will be published in the Official Gazette. Mohammed bin Rashid Al Maktoum Ruler of Dubai Issued in Dubai on 7 June 2010 Corresponding to 24 Jumada al-Thaniyah 1431 A.H. ©2018 The Supreme Legislation Committee in the Emirate of Dubai 1Every effort has been made to produce an accurate and complete English version of this legislation. However, for the purpose of its interpretation and application, reference must be made to the original Arabic text. In case of conflict, the Arabic text will prevail.
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5
Article (5) The capital of the DAC will be five hundred million Dirhams (AED 500,000,000.00) and will be fully paid by the Government.
Note: This legislation is sourced from the Dubai Legislation Portal (dlp.dubai.gov.ae). The original Arabic text is the authoritative version.
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