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Structural division: BOOK TWO › party › CHAPTER ONE
Article 247 — Minimum Capital and par value of Shares
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Without prejudice to a contrary stipulation by any other law, the capital of the company may not be less than 50,000 (Fifty Thousand) Ethiopian Birr.
2/ The amount of the par value of each share may not be less than 100 (hundred) Ethiopian Birr.
