The Board of Directors of the DIFCA, in the exercise of the powers conferred on them by Article 151 of the Companies Law, hereby make these Regulations.
1.1.1 These Regulations apply to:
a. Companies incorporated under the Law;
b. Recognized Companies;
c. Incorporators applying for a certificate of incorporation of a company under the Law;
d. Foreign Companies applying to become Recognized Companies or to transfer their incorporation to DIFC;
e. officers and employees of companies incorporated, registered or continued under the Law;
f. auditors under the Law;
g. the Registrar;
h. persons applying for, or holding, a Commercial Licence; and
i. any other person to whom the Law applies.
1.1.2 Defined terms are identified throughout these Regulations by the capitalisation of the initial letter of a word or phrase. Where capitalisation of the initial letter is not used, an expression has its natural meaning.
1.1.3 The following defined terms have the meaning given below:
1.1.4 All...