2021, Vol. 3, Issue 3, Part A

Author(s): Bashir Ahmad Naseri, Wahid Ahmad Wahab Zadeh and Dr. Vishal Vinayak

Abstract: One of the prominent features of economic development in all countries is the existence of commercial companies that have been established within the legal system of each country. These institutions are called commercial companies and often are established for economic and commercial activities. This will cause the growth of domestic production, entrepreneurship, income generation, and increase of national income. One of the important issues of the law is monitoring the performance of companies; because in addition to the period of registration and operation of a commercial company, the period of the company's activity must be influenced by the laws governing commercial companies and if there is no monitoring of commercial companies, this phase will be far more destructive than the previous phase (formation of the company). In fact, the adverse effects of a commercial company’s activity due to the inefficiency of laws or non-compliance with business laws and regulations will be a major problem for society. This will have negative consequences and other negative effects on individuals and on society and makes they suffer losses.

DOI: 10.33545/27068919.2021.v3.i3a.569

Pages: 27-31 | Views: 1042 | Downloads: 364

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