Cairo – Eco – Fady Labib : The
Minister of Investment and International Cooperation Dr. Sahar Nasr issued a
decision to form a grievance committee against GAFI's administrative decisions,
in the implementation of the provisions of the Law on joint-stock companies,
private limited companies, limited liability companies, and one-person company ...
The Minister pointed out that the
decision came to facilitate for investors and eliminate any obstacles facing
them. The decision provided for that the committee shall be headed by one of
the deputy-heads of the State Council, with two members from the State Council
who hold the rank of counselors at least, an experienced member and
representative from GAFI's supreme administration. The committee shall be
entitled appoint whoever deemed experienced from various administrative
authorities. The committee shall also be affiliated by a grievance office
provided with GAFI's several administrative employees to carry out all the work
requested by the committee.
Moreover, the decision provided
that the committee shall be held twice a month at GAFI's headquarter or one of
its branches to consider grievances submitted to it against the administrative
decisions issued by MIIC or GAFI in accordance with the provisions of the law.
The head of the committee shall be entitled to invite the committee to meet
whenever deemed necessary.
The committee shall issue its
reasoned decision by the majority of its members within 60 days of submitting
the grievance or from the date of fulfilling required clarifications. The
grievance office shall notify the complainant with a registered letter with a
certified copy of the committee's decision stating the grounds thereof. The
committee's decision shall be final and binding upon GAFI.
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