The primary objective of any administrative regulation within state institutions is to simplify procedures and ensure a smooth workflow that serves the public interest and facilitates the movement of the business sector. However, the current mechanisms adopted by the Companies Registration Department, specifically regarding the review process and access to the Companies Registrar on Thursdays, reflect a contrary approach that obstructs the processing of transactions rather than organizing them, necessitating a serious critical pause and an urgent review of these procedures.
The core of this organizational flaw lies in the decision to prohibit lawyers from entering the Registrar on Thursdays, with the sole exception of "share selling" cases. What makes this measure even more bizarre and contradictory is allowing the company owner to enter and freely follow up on all their company's affairs and complete their transactions, while the lawyer—who is the specialized legal agent and the authorized representative of the company—is prevented from performing the same role or following up on any other procedure. This restriction imposes a freeze on the rest of the legal and administrative transactions of utmost importance, as the lawyer is deprived of pursuing vital procedures, including but not limited to, changing the managing director or authenticating official company documents. This unjustified prohibition not only disrupts the work of the lawyer, who is governed by professional obligations and strict schedules, but also inflicts direct harm on the interests of companies whose legal amendments require swift execution to ensure the stability of their legal standing and the uninterrupted continuation of their commercial activities.
On the other hand, confining the execution of share selling transactions to a single day indicates a disregard for the fast-paced nature of commercial business. The market and the movement of capital are not subject to a rigid weekly schedule, and emergencies often arise for shareholders that necessitate completing the transfer of ownership and the sale of shares on other days to avoid potential losses or to respond to urgent commercial necessities. Here, a question arises regarding the logical and practical ruling in such emergency cases, and how a department concerned with regulating and stimulating the corporate sector can place such a narrow and disruptive time constraint on one of the most critical commercial operations.
Based on the aforementioned, it has become imperative for the Companies Registration Department to radically reconsider this mechanism. Building a successful business environment requires high administrative flexibility, which cannot be achieved except through thoughtful regulation that allows for the completion of all legal transactions—whether related to selling shares or other administrative amendments—throughout the week in a balanced manner for all stakeholders and their legal representatives. Rectifying this course is an inevitable step to respect the nature of the legal work of lawyers and to ensure the continuous turning of the economic wheel, far removed from futile complications.
