The Iran Project
: An official with Iran's Securities and Exchange Organization declared that If the situation of Iran Khodro (IKCO and Saipa is not revised by the end of July this year, they will be subject to the provisions of Article 141 (liquidation or reduction of capital).
Tuesday 27 February 2024 - 20:17
Story Code : 416274
Source : ايسنا
Liquidation or capital reduction awaiting Iran Khodro & Saipa
The aforementioned companies have been subject to Article 141 of the Trade Law Amendment Bill in four of the last five years, he said.
Jafari went on to note that, "Therefore, the registration board of the Tehran Stock Exchange allowed automobile companies until the end of July to withdraw from the inclusion of Article 141 of the Trade Law."
In this end, the registration board once every three months holds a meeting with Iran Khodro and Saipa companies and reviews their plans for withdrawal from Article 141 of the Trade Law Amendment Bill, he stated.
The detailed plans of automobile companies are also published by the Tehran Stock Exchange on Codal.ir, he added.
In separate letters to Iran Khodro and Saipa companies, they were informed about the need to submit their plan to transfer the shares of the companies by the end of the set deadline, the official underlined.
Reporter : Editorial of The Iran Project
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