Tag: Companies Act

Apex Law LLP > Blog > Companies Act

The Continued Demand for Company Seals in the Maldives: Legal or Legacy?

In the evolving legal landscape of corporate regulation in the Maldives, a notable inconsistency has emerged: many government authorities, financial institutions, and private entities continue to request company seals on applications and official documents — despite the fact that the legal requirement to maintain and use a company seal was repealed under the new Companies […]

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Maldives Enacts New Companies Act to Modernize Corporate Governance Framework

On 27 December 2023, President Dr Mohamed Muizzu ratified the Companies Act 2023 (Law No: 07/2023), ushering in a new era of corporate regulation in the Maldives. The Act officially came into force on 1 January 2024, repealing the long-standing Companies Act of 1996, which had governed company operations in the country since its implementation […]

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