His Majesty the Sultan issues four Royal Decrees

February 14, 2019

Royal Decree 18/2019 promulgates the Commercial Companies Law after presenting the same before Oman Council.

Article 1  states that the Commercial Companies Law attached to this Decree will be enforced.

Article 2  stipulates that the Minister of Commerce and Industry and the Chairman of Capital Market Authority, each according to his powers and prerogatives, will issue regulations for implementing the provisions of this law within a period not more than one year from its date of enforcement, and that they will also issue the decisions necessary for the implementation of the provisions of this law. Till such decisions are issued, the current regulations and decisions will continue to be applied without prejudice to the provisions of this (new) law.

Article 3  states that existing commercial companies, as of the date of enforcement of this law, will rectify their status within one year from the date of implementation of this law.

Article 4  states that the Commercial Companies Law promulgated under Royal Decree 4/74 will be cancelled, and so will all that contravenes this (new) law or contradicts with its provisions.

Article 5  states that this Decree will be published in the official gazette and enforced after 60 days from the date of its publishing.

 

 

Royal Decree 19/2019 promulgates the Minerals (wealth/resources) Law, after presenting the same before Oman Council.

Article 1  states that the Minerals Law attached to this Decree will be enforced.

Article 2  stipulates that the Council will issue the Executive Regulation (bylaw) of this law within a period of not more than one year from the date of its issuance.

The Council will also issue the decisions necessary for the implementation of its provisions. Till then, the current regulations and decision will continue to be enforced without prejudice to the provisions of this law.

Article 3  states that exploitation (utilisation) agreements and licences signed before the enforcement of this law will continue to be implemented and that they (agreements and licences) will be renewed in accordance with the provisions stated in this law. The adjudication of licence applications presented before the enforcement of this law will be in accordance with the procedures stated in this law.

Article 4  states that the Mining Law promulgated under Royal Decree 27/2003 will be cancelled, and all that contravenes this law or contradicts with its provisions.

Article 5 states that this Decree will be published in the official gazette and enforced on the day following the passing of 30 days after its date of publishing.

 

 

Royal Decree 20/2019 promulgates the Marine Life (wealth/resources) Law.

Article 1  states that the Marine Life Law attached to this Decree will be enforced.

Article 2  stipulates that the Minister of Agriculture and Fisheries will issue the Executive Regulation (bylaw) for implementing the provisions of this law within a period not more than one year from its date of issuance. The minister will also issue the decisions necessary for the enforcement of provisions of this law. Till then, the current regulations and decisions will continue to be implemented without prejudice to the provisions of this law.

Article 3  cancels the Law on Maritime Fishing and Marine Life Protection promulgated under Royal Decree 53/81, and all that contravenes this law or contradicts with its provisions.

Article 4  states that this Decree will be published in the official gazette and enforced after 90 days from its date of publishing.

 

 

Royal Decree 21/2019 amends some of the provisions of Royal Decree 2/93 on the establishment of the Royal Omani Amateur Radio Society.

Article 1  replaces the text of Article 6 of Royal Decree 2/93 with the following text:

“The Minister of Transport and Communications will issue the Articles of Association of the Royal Omani Amateur Radio Society, as well as the decisions necessary for implementation of this Decree. Till such a time, the current regulations and decisions will continue to be enforced without prejudice to the provisions of this Decree.”

Article 2  cancels the text of Article 4 of Royal Decree 2/93 and the Articles of Association attached to Royal Decree 2/93, as well as all that contravenes this (new) Decree or contradicts with its provisions.

Article 3  states that this Decree will be published in the official gazette and enforced on its date of issue.