Parliament completes reading of my draft legal fund for the recovery of Iraq’s funds and amending the Companies Law
[Ayna-Baghdad] The House of Representatives in its 26th session, held under the chairmanship of Mohammed al-Halbusi, President of the Council, on Wednesday, in the presence of 196 deputies, the first reading of the draft laws.
“At the beginning of the session, President Halabousi decided to postpone the consideration of the appeals filed on the validity of the membership of some members of the House of Representatives because of the availability of a quorum of two-thirds of the number of deputies,” a statement by the Information Department of the House of Representatives.
Then Attwan al-Atwani was sworn in as a deputy in the House of Representatives.
The Council ended the first reading of the draft law of the first amendment to the law of the Fund for the recovery of Iraq’s money No. 9 of 2012, submitted by the committees of integrity and finance for the purpose of determining the link of the fund to recover the money of Iraq and the addition of members of its Board of Directors and grant authority to the Board of Directors to grant bonuses to informants and according to the role of each.
The Presidency of the Council decided to postpone the first reading of each of the draft law of the first amendment of the Integrity Commission Law No. 30 of 2011, submitted by the Integrity and Legal Commissions, civil society institutions, parliamentary development and the draft law on illegal gain submitted by the Legal and Financial Committees.
The Council completed the first reading of the draft law amending the Companies Law No. 21 of 1997 submitted by the Economic and Investment Committee because there is a need to establish holding companies in order to support the national economy and to regulate their legal provisions and facilitate the procedures for applying for the establishment of companies and to enable the Council of Ministers to establish holding companies in ministries And the entities not affiliated with the Ministry or the conversion of public companies to holding companies or the exclusion of some companies from the provisions of the law and to regulate the contribution of foreign capital in joint stock companies and limited and to increase the amounts collected under the law and enable the Minister of Trade – Look at it.