Legal imperatives regarding on Single Member Company (Legal Field Required for Adoption of Single Member Company in Iranian Law)
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Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
Analysis the legal nature of Company as an entity composed of contractual and institutional components, lead to the view that at least two persons are required to form any company in Iranian law. This approach was reflected in ‘definition of company’ too. Such an legal approach resulted in legal attitude that formation of a “single member company” is not permitted in current commercial law, While this type of company was operating for many years in America and European Union. The “single member company” could attract small capitals and investors and business men who for whatever reason are not ready to share a business with others. This article regarding to ‘Directive 89/667/EEC’ and its amendment ‘Directive 2009/102/EC’ of European Union analyzes the legal imperatives for adoption of ‘single member company’ in Iranian Legal system. Moreover, as we believe there are no theoretical or legal barriers to adoption of the company in Iranian legal system, we studied the legal field required for adoption of the company.The legal capacity of ‘maintenance of capital theory’ in this purpose and its relation with ‘limited liability theory’ and ‘piercing of the veil doctrine’ is to be considered.
Language:
Persian
Published:
Pages:
43 to 65
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