عنوان مقاله [English]
نویسنده [English]چکیده [English]
The rules governing the formation of public joint-stock companies have been transformed fundamentally after the approval of Securities Market Act of The Islamic Republic of Iran. Before the approval of this Act and under the Amendments of Commercial Act, public joint- stock companies, which are distinguished from other types of companies by the characteristic of issuing prospectus and gathering the capital from the public, were not required to obtain any specific license for the formation, other than registration at the Companies Registration Office. But, according to the regulations of the Securities Market Act, any establishment of public joint-stock company is conditional on the previous license provided by the Securities and Exchanges Organization. In reality, the Company Registration Office permits the issue of prospectus just after the consent of the Organization and meeting other requirements. In addition, Securities and Exchange Organization controls the mannere of offering the securities and the use of funds paid, and the Company is registered just after the confirmation of the Organization. These arrangements are made for the purpose of ensuring transparency and accuracy of information provided to the public and providing an accurate and clear assessment of economic efficiency of subject matter of Company.