Commercial Title
What type of company’s title must end with "BSC"?
Bahrain Shareholding Company
Name one function of the Commercial Registration
Reliable Source of Information
Effective Statistical Tool
Economic Planning Base
Legal Promulgation Institution
Name the two compulsory commercial book required by Bahraini law.
Basic Journal Book
General Ledger
BHD 500
What are the two types of elements of a business premises?
Material and non-material.
The three requirements for a commercial title are: (1) consistency; (2) not misleading; and (3) ____________.
Not harmful to the public interest
In Bahrain, registering in the commercial register is sufficient to become a Trader.
No, the trader must fulfill the 4 criterions.
What is the penalty for failing to keep commercial books?
BHD 100 to 1,000
What does "instigating workers to leave" mean?
This type of competition involves persuading a competitor’s employees to leave their jobs and join another business.
Are Commercial Books a material or non-material elements?
Neither - it falls outside the classification
In a limited partnership, why can’t the sleeping partner’s name be part of the commercial title?
Because they would be considered general partners with unlimited liability.
Can a person lease his CR to a foreigner? If not, why?
The CR itself is not a financial right. Meaning, the owner of a CR does not have the right to sell/lease his CR to foreigners.
Give me three examples of Optional Commercial Books
Draft Commercial Books
Cash Books
Commercial Papers Book
Store Books
What are the two conditions for contractually avoided competition?
1) The agreement must be for a limited time.
2) The agreement must be specific to the activity.
Name three material element of a business premises.
Industrial Equipment
Business furniture
Goods
Give an example of a misleading commercial title.
"Sarah’s Bakery" for a car rental business.
What happens if the MOIC rejects the application to register in the Commercial Registration?
Applicants can appeal to the “High Court” within 30 days from the rejection or from the date of notification.
Can commercial books be used against non-traders?
General Rule: Commercial books cannot be used as evidence against non-traders.
Exception: However, there are special situations where the information in the commercial books might be considered by the judge
What is tort liability?
The general legal principle that holds someone liable for harm caused to another person with no contract in place.
Why is real estate not considered a material or non-material element of a business premises?
Because transferring ownership has formalities that differ from other elements.