Question

The Gulf Medical Investment Company has established a "public joint stock company" that consists of a number of founders and the Ministry of Health is a party to it at a rate of 20%, which has an issued capital of BD five million, the value of the share per share of BD, as the company's system provides for installments Shares, where subscribers must pay half the value of the shares and the remainder not for a period not exceeding three years, according to the rates determined by the company’s system and after two years of the company’s life, the board of directors submit a proposal suggesting the extent of the company's need to borrow and the conditions for issuing Loan bonds in the amount of 7 million Bahraini dinars, where bonds were issued giving the holder the right to convert them into shares, on the due date or to keep the bonds to obtain his debt in addition to a fixed monthly interest in the amount of one thousand dinars and a share of the profits at the end of each fiscal year.

Required:

a. In light of the establishment of the public shareholding company, he explained in detail the jurisprudence views that determine the legal status of the founders and the company under incorporation, provided that the number of jurisprudence opinions is not less than 5 opinions, and on the other hand, indicate your personal opinion regarding the legal status of the founders?

b. Explaining the legal effect in the event of a ruling violating the conditions and procedures for issuing bonds.

c. As a legal advisor, discuss the extent of the company’s legality and the bonds that have been proposed by the company’s board of directors, with a specific statement of the association responsible for approving the board’s proposal.

d. The student's ability to write legal drafting, and to reinforce your answer to realistic issues.

all details are present its regarding companys law