Constitutional documents and governance framework of Maldives Industrial Development Free Zone plc
Access to MIDFZ's foundational legal documents and governance structure
The Memorandum and Articles of Association form the constitutional foundation of MIDFZ, establishing the company's legal framework, objectives, and internal governance structure. These documents were adopted upon incorporation on January 4, 2024, and comply with all applicable laws of the Republic of Maldives.
Access the complete constitutional documents of MIDFZ
Fundamental charter defining the company's constitution, objectives, and scope of operations
Internal regulations governing the management and administration of the company
Highlights from the Memorandum and Articles of Association
To establish and operate a Special Economic Zone for industrial development, trade facilitation, and investment attraction
Authorized capital of MVR 1,542,000,000 (USD 100 million) divided into ordinary shares
Board of Directors with clearly defined roles, responsibilities, and decision-making processes
Comprehensive protection of shareholder rights including voting, dividend, and information access rights
Key governance principles and structures outlined in our constitutional documents
Regulatory framework and compliance status
| Legislation | Description | Compliance Status |
|---|---|---|
| Companies Act of Maldives | Primary legislation governing company formation and operations | Full Compliance |
| Special Economic Zone Act (24/2014) | Regulatory framework for SEZ establishment and operations | Applicable |
| Corporate Governance Guidelines | Best practices for corporate governance and transparency | Adopted |
| Securities Regulations | Rules governing securities issuance and trading | Compliant |
Record of changes and updates to constitutional documents
Original Memorandum and Articles of Association adopted upon incorporation
Any future amendments to the Memorandum and Articles of Association will require appropriate shareholder approval and will be documented here. Shareholders will be notified of any proposed changes through official communications.
Contact our corporate secretary for questions about governance documents