| 2.
Legislative System
The
Constitutional Monarch in Jordan, in accordance with the provisions
of the Jordanian Constitution of 1952, enjoys wide powers
such as the appointment and dismissal of the Prime Minister.
In
accordance with the provisions of the Constitution, laws are
proposed by the Council of Minister for the approval of Parliament
who also has the right to propose the promulgation of laws.
All laws have to be approved ultimately by the king.
Main
corporate and commercial laws:
The Civil Code law No. 43 of 1976.
Companies law No. 22 of 1997.
Financial Papers law No. 23 of 1997.
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