Home News H.H. Sheikh Mohammed issues public-interest entity decree

H.H. Sheikh Mohammed issues public-interest entity decree

by Dubai Forum
0 comment


His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has issued a decree subjecting public-interest entities to the regulatory supervision and control of Dubai’s Community Development Authority.

According to the Decree, the Director General of the Community Development Authority (CDA) will issue a decision about the scope of the Authority’s regulatory oversight of the entities, which includes sources of the entity’s funding and income and the nature of their expenditure.

Public-interest entities will required to maintain up-to-date financial and administrative records so that the Authority can review them when needed. The entity should adhere to transparency standards and appoint an external auditor to audit its finances.

Public-interest entities should adhere to the provisions of the Decree and cooperate with the CDA to enable it to perform its regulatory functions.

If any entity fails to adhere to the provisions, the Director General of the CDA is authorised to take action which may include disciplinary procedures as per the Law Regulating Civil Society Organisations in Dubai. The Authority can also issue recommendations to relevant authorities to dissolve the entity.

According to the Decree, all government entities must cooperate with the Community Development Authority in Dubai and provide the information and documents necessary for the Authority to perform its duties, as per the Law Regulating Civil Society Organisations in Dubai, and the new Decree and decisions issued upon it.

More from Business News


You may also like

Leave a Comment

About Us

Dubai Forum your daily news roundup covering news from Dubai, the United Arab Emirates and the Middle East region in general.

We share news about #people, #travel, #fashion, #startups and #Dubai #communities #DubaiForum