Co-op investors given three months to ‘renew’ licenses

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Co-op investors given three months to ‘renew’ licenses

Posted on : Monday 23rd of April 2018

KUWAIT CITY: The cooperative sector in Ministry of Social Affairs and Labor gave investors in the cooperative societies a grace period of three months for renewing their expired licenses at Ministry of Commerce and Industry, prior to registering violations on the files of investors not under the name of the cooperative society, reports Al-Rai daily.

The move was based on a request presented to the ministry by Public Authority for Manpower to study and register the employments in the invested shops under the license issued by Ministry of Commerce and Industry, and to separate the files of branches and shops from the cooperative societies.

According to a reliable source, the legal sector of Public Authority for Manpower and Ministry of Social Affairs and Labor are currently working on a legal formula to register employments in the invested shops.

Courtesy : Arab Times

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