Task:                     

[07.029-ADGM] - CORP SUPPORT # ADD/REMOVE/MAINTAIN CELLS

Purpose:             

To be used by cell companies to add/remove or maintain an existing cell.

Legal Entities:    

This service is only available for cell companies with cells

Questions:         

1) Do we have access to the client’s entity on the KOUNTED dashboard? If not, an ORS form needs to be filed first to gain access because only users with authority over the entity can file this request.


2) Is the company a cell company?


3) Are there any existing cells?


4) Does the company wish to add/remove or maintain an existing cell as this will determine the resolution to be drafted?

Pay Attention:   

This service is only available for cell companies with cells and not for any other legal entity types.

Submission:       

Online via the ADGM RA portal https://newreg.adgm.com/

Timeline:             

This application must be submitted by a cell company as soon as practicable

Timeframe:        

KOUNTED 2-3 working days for drafting including drafting the online application


ADGM: 3 -5 working days, but the ADGM RA reserves the right to return the application for revision/further clarification, which would increase the review timeline.

Supporting documents:

                                                Depending on the purpose, one or more of the below:

a)       Shareholders Resolution approving the addition of cell.

b)      Shareholders Resolution confirming the winding up and dissolution of the cell

c)       Shareholders Resolution approving the change of name of the cell

Applicable Legislation:   

                               

ADGM Commercial Licensing Regulations https://en.adgm.thomsonreuters.com/sites/default/files/net_file_store/ADGM1547_16481_VER20240401.pdf                               

KOUNTED Fees:

Please add the KOUNTED fees

ADGM Fees:      

USD 0/-

Fines:                   

None.