Notices

Dubai International Financial Centre

Pursuant to Article 32(1)&(2) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777 Dubai, UAE

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Dubai International Financial Centre

Pursuant to Article 32(1)&(2) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk,
the Gate Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No: Sass Cafe Ltd. (CL# 1377)

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Dubai International Financial Centre

Pursuant to Article 32(1)&(2) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk,
the Gate Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No: Ebooc Fintech & Loyalty Labs Ltd. (CL# 2890)

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Dubai International Financial Centre

Pursuant to Article 32(1)&(2) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk,
the Gate Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No: Aroob Fintech Ltd. (CL# 2963)

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Dubai International Financial Centre

Pursuant to Article 32(1)&(2) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk,
the Gate Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No: Ahlan Investment Holding Limited (CL# 2113)

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Dubai International Financial Centre

Pursuant to Article 32(1)&(2) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.

Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk,
the Gate Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No: Gold Reserve Sukuk Limited (CL#1463) Nathiva Capital Holding Ltd (CL#1985)

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Pursuant to Article 128(2) of the DIFC Companies Law 2009, the DIFC Registrar of  Companies  hereby gives notice that at the expiration of three (3)  months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.

Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:
Novaar Limited CL- 0790 

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Pursuant to Article 128(2) of the DIFC Companies Law 2009, the DIFC Registrar of  Companies  hereby gives notice that at the expiration of three (3)  months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.
Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:
DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE
List of Companies & License No:
Global Capital (DIFC) Limited  CL- 0496 

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Pursuant to Article 128(2) of the DIFC Companies Law 2009, the DIFC Registrar of  Companies  hereby gives notice that at the expiration of three (3)  months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.
Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:
DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE
List of Companies & License No:
Devi Jewels LLC (CL#1374

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Pursuant to Article 128(2) of the DIFC Companies Law 2009, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.

Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, The Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

LIST OF COMPANIES AND LICENSE NUMBER:

• Abdulla (Holdings) Limited (1772)

• Khalifa (Holdings) Limited (1865)

Pursuant to Article 128(2) of the DIFC Companies Law 2009 & Article 43(1) of the Limited Liability Partnership Law, DIFC Law No. 5 of 2004, that at the expiration of three (3) months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.

Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, The Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

LIST OF COMPANIES AND LICENSE NUMBER:

• La Cloche Wealth Management (Dubai] Ltd (14381)
• MENA FINANCIAL GROUP LIMITED (411) 
• GC INVESTMENTS IMENAI LIMITED (13821)
• Renewable Energy Investment Company Ltd (12371)
• Lynchpin Financial Training LLC (1210) 
• Farabi International Holding Group Ltd (645)
• JAFFEN INVESTMENT LLC (1573) 
• KRU Capital Partners Limited (1405) 
• CITI BANK NA (ATM) (0649) 
• CapitalStone Capital Limited (1059) 
• YUSR Investment Bank Limited (829)
• UAE Pavillion Venice Biennale LLC (720)
• Barclays ATM (1092)
• SCAPA NAVY LLC (1324) 
• Delma Investments LLC (1040)
• Matrix Ventures (1194)
• EastNets Holding Ltd (704) 
• HSBC Bank Middle East Ltd (ATM) (304) 
• KIPC Middle East Limited (700) 
• Vegie Bar LLC (907) 
• Independent Surveyors & Consultants Ltd. (1484)
• First Counsel Limited (63)
• B.I.G. (Services] Limited (311)
• Cerberus Middle East Capital Advisors Limited (701)
• Gide Loyrette Nouel (600) 
• Kollektion General Trading LLC (809) 
• ILS Daman Limited (548) 
• Morison Menon Limited (174)
• Joslin Rowe Associates Limited (832)
• M Communications (London] Limited (651)
• ZED COMMUNICATIONS LLC (345) 
• ADIB Real Estate SPC l Limited (1597)
• ADIB Real Estate SPC ll Limited (1598) 
• ADIB Real Estate SPC lll Limited (1599) 
• ADIB Real Estate SPC lV Limited (1600) 
• Catalyst Limited (1768) 
• Fountain Enterprises Limited (1887) 
• Catalyst 1 Limited (1788) 
• Catalyst 2 Limited (1790)

List of Struck Off Companies

Pursuant to Article 128(2) of the DIFC Companies Law 2009 & Article 43(1) of the Limited Liability Partnership Law, DIFC Law No. 5 of 2004, that at the expiration of three (3) months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.

Any objections to the striking off of the undermentioned companies should be sent to the
following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, The Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:

• Allied Gulf Lawyers Limited Liability Partnership (CL#418)
• Al-Ajneha Holding (Dubai) Limited (CL#842)
• BBY (DUBAI) LIMITED (CL#705)
• Bin Hendi Enterprises Limited (CL#77)
• Bin Hendi Hospitality Limited (CL#212)
• Convergence Capital Limited (CL#327)
• Fairfax Middle East Limited (CL#509)
• Jasper Corporate Finance Limited (CL#679)
• LUMIDIEM Limited (CL#183)
• Lutfi,Harjeet & Nikpour, Advocates & Legal Consultants L.L.P. (CL#876)
• Makaseb Islamic Capital Limited (CL#379)
• M2Global Limited (CL#1310)
• Options Group (Middle East) Ltd (CL#348)
• Paladin Capital (Middle East) Limited (CL#1074)
• Thames River Capital LLP (CL#532)
• Zaid Ibrahim & Co Limited Partnership (CL#657)
• Kilpatrick Stockton LLP (CL#698)
• Paradigm Investment Banking Company Limited (CL#596)
• Tanager Holdings Limited (CL#883)
• Wenham Major Limited (CL#326)
• Financial Services Association (UAE) LLC (CL#980)
• HPF Private Investment Fund Company Limited (CL#1322)
• RENPROM Renewable Energy Project Management Holding LLC (CL#1343)
• SENSO ITALIA LLC (CL#1247)

List of Struck Off Companies

Pursuant to Article 128(2) of the DIFC Companies Law 2009, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.

Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

LIST OF COMPANIES AND LICENSE NUMBER

As per notice posted on Gulf News, Classified of 2nd March 2014

Global Economics Research LLP (CL#423)
KEDU IT INFRASTRUCTURE L.L.C. (CL#1079)
Dubai Financial Group (L L C) (CL#173)
Samama TR FZCO (CL#248)
Shariah Capital Inc. (CL#354)
Global Leaders Limited (CL#500)
AL GHURAIR DONNELLEY (L.L.C) (CL#460)
Elysian Investments LLC (CL#1112)
Islamic Business School LLC (CL#471)
Denex Energy Trading Limited (CL#486)
Drayton Finch International Limited (CL#523)
Emirates Property Partners Limited (CL#699)
Energya Cables Limited (CL#709)
Energya Electrical Industries Limited (CL#707)
Energya Engineering & Distribution Limited (CL#708)
Energya Holding LLC (CL#670)
Energya Industries Limited (CL#671)
SHOORA - Family Business Advisors LLC (CL#540)
Patmos (DIFC) Limited (CL#1479)
Dubai Capital Group (DIFC) limited (CL#581)
Duke Equity Limited (CL#284)
Rashid Investment Bank Limited (CL#766)
Gottex Fund Management (Middle East) (CL#882)

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Gulf News Ad 02 March 2014

EMIRATES ADVOCATES & LEGAL CONSULTANTS LIMITED LIABILITY PARTNERSHIP AS OF 12 JUNE 2013

Pursuant to Article 43(1) of the DIFC Limited Liability Partnership Law No. 5 of 2004, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from 12th June 2013, Emirates Advocates & Legal Consultants Limited Liability Partnership “the Company” will, unless cause is shown to the contrary, be struck off the register, and the company will be struck off.

Any objections to the striking off of the Company, should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

Pursuant to Article 128(2) of the DIFC Companies Law 2009, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the names of the undermentioned companies will, unless cause is shown to the contrary, be struck off the register, and the companies will be struck off.

Any objections to the striking off of the undermentioned companies should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

LIST OF COMPANIES & LICENSE NO

As per notice posted on Gulf News, Classifieds of 13 February 2013

Al Khamsa Limited (CL#0751)
Dubai Islamic Investment Group LLC (CL#0480)
Dubai Junior Football League LLC (CL#0737)
MEYMAH LIMITED (CL#0254)
Nu Concepts General Trading LLC (CL#0733)
Phillips De Pury & Company LLC (CL#0771)
CAFÉ BARBERA (CL#0091)
Correlate Search-Dubai-Limited (CL#0462)
Droege & Comp. Middle East Limited (CL#0758)
Dubai Energy Limited (CL#0404)
Kuwait Art Foundation LLC (CL#0545)
Nuevo Limited (CL#0044)
PARIS GROUP INTERNATIONAL LLC (CL#0448)
Randstad Middle East Limited (CL#0362)
RISC MENA LLC (CL#0662)
Thomson Financial Limited (CL#0199)
Twenty Four Seven LLC (CL#0845)
Uni Holding Limited (CL#0061)
Villa Moda International LLC (CL#0541)
Villa Moda Management & Marketing LLC (CL#0570)
Yasaar Limited (CL#0165)
Dominion Group Limited (CL#0346)
ANTA Travel & Tours LLC (CL#0963)
Business Solutions LLC (CL#0359)
Tamweel Residential RMBS (DIFC) IV Ltd (RN#1195)
ReputationInc Limited (CL#0142)

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Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:

B&F Sport Investments Limited (CL# 2006)

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Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:

Brownbook Publishing FZ-Ltd. (CL# 1199)

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Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:

YVC MEA LTD. (CL# 3561)

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Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:

Polaris Foundation. (CL# 3434)

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Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:

Phoenix Education Holding Limited. (CL# 2984)

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Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777 Dubai, UAE

List of Companies & License No:

MyWayDress Fashion Design and Trading Ltd. (CL# 3043)

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Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off. Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation: DIFC Registrar of Companies Marble Walk, the Gate Dubai International Financial Centre P. O. Box 74777 Dubai, UAE List of Companies & License No: Phoenix NgageU Holding Limited. (CL# 3079) Download

Pursuant to Article 32(5)&(6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777 Dubai, UAE

List of Companies & License No:
PITCH TECHNOLOGIES LTD (CL# 3528)

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Pursuant to Article 32(5) & (6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless a cause is shown to the contrary, be struck off the register, and the company will be Voluntary Struck off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777 Dubai, UAE

List of Companies & License No:
Cadence Theory Fitness Centre Ltd. (CL# 2230)

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Pursuant to Article 32(5) & (6) of the DIFC Operating Law 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three (3) months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be voluntary Struck off.

 

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

 

DIFC Registrar of Companies Marble Walk, the Gate

Dubai International Financial Centre

P. O. Box 74777 Dubai, UAE

 

List of Companies & License No:

SAGEConsult Ltd (CL# 3256)

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Pursuant to Article 32(5)&(6) of the DIFC OperatingLaw 2018, the DIFC Registrar of Companies hereby gives notice that at the expiration of three(3)months from the date of this notice, the name of the undermentioned company will, unless cause is shown to the contrary, be struck off the register, and the company will be voluntary Strike off.

Any objections to the striking off of the undermentioned company should be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:
Amal AI LTD(CL# 3572)

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ursuant to Article 32(5)&(6) of the DIFC OperatingLaw 2018, the DIFC Registrar of Companies hereby givesnoticethatattheexpirationofthree(3)months from the date of this notice, the name of the undermentioned companywill, unless cause is shown to the contrary, be struck off the register, and thecompanywillbeVoluntary Struck off.

Any objections to the striking off of the undermentioned companyshould be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:
IMM Group Limited(CL# 1711)

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Pursuant to Article 32(5)&(6) of the DIFC OperatingLaw 2018, the DIFC Registrar of Companies hereby givesnoticethatattheexpirationofthree(3)months from the date of this notice, the name of the undermentioned companywill, unless cause is shown to the contrary, be struck off the register, and thecompanywillbeVoluntary Struck off.

Any objections to the striking off of the undermentioned companyshould be sent to the following address within three (3) months from the date of this notice, providing detailed particulars and supporting documentation:

DIFC Registrar of Companies
Marble Walk, the Gate
Dubai International Financial Centre
P. O. Box 74777
Dubai, UAE

List of Companies & License No:
Alpha FPO Global Tech LTDLimited(CL# 3571)

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DIFC Registrar of Companies Role Regarding Foreign Account Tax Compliance Act (FATCA)

Dubai, UAE, 17 November, 2014

Background:

FATCA is a legislation enacted by the United States which imposes obligations on Foreign Financial Institutions (FFIs) to identify and report certain information regarding accounts held by US Persons, including individuals, partnerships, corporations and trusts. The Dubai Financial Services Authority previously issued an SEO letter on 01 May 2014 that outlined the obligations of DIFC entities.

The UAE and the US have agreed in principle regarding the terms of a FATCA intergovernmental agreement, pending execution. In anticipation that it will be signed in the near future, this communiqué is intended to provide further clarity regarding the reporting procedures and the obligations of DIFC entities regarding the collection, consolidation and dissemination of the information that will be required pursuant to FATCA regulations.

Financial institutions normally have a duty to maintain the confidentiality of account holders' information. Therefore, while FFIs should be rightly concerned about sending such information directly to the US Treasury Department, a process has been created to enable such reporting in compliance with UAE and DIFC laws, as described below.

On 15 May 2012, UAE Cabinet Resolution No. 17 of 2012 Concerning Gathering and Exchanging Information in Execution for the Purposes of International Tax Agreements was signed by His Highness Sheikh Mohammed bin Rashid Al Maktoum as UAE Prime Minister. The Resolution authorises the UAE Ministry of Finance to gather and exchange information, including information from free zones, in execution of international tax agreements. Using the terminology of FATCA, the Resolution designates the Ministry of Finance as the UAE's Competent Authority to gather information from FFIs in the UAE.

Registrar's Role:

The DIFC is both required and empowered to collect information needed to fulfil the intergovernmental obligations of FATCA. Article 5 of UAE Federal Law No. 8 of 2004 requires the DIFC to cooperate with international agreements to which the UAE is a party. Article 8(3) of the DIFC Companies Law requires the Registrar to assist the UAE in complying with any international treaty or other agreement. Article 127A of the DIFC Companies law empowers the Registrar to require any person incorporated or registered by the Registrar to produce information needed to, among other things, comply with an international agreement.

In addition, on 3 June 2013, the Governor of the DIFC signed a Memorandum of Understanding with the UAE Ministry of Finance which named the DIFC Registrar of Companies as the DIFC's contact point for any international tax agreement entered into between the UAE and another country. FATCA is an example of such an agreement.

The FATCA reporting process will flow from FFIs to the Registrar on a form prescribed by the US government. The Registrar will then forward the data to the Ministry of Finance, who will consolidate it with data from federally-regulated FFIs and send it on to the US Treasury. The DIFC's IT personnel have been working with their counterparts at the federal financial regulators and the Ministry of Finance to ensure that each of them will be providing the same form and format. The reporting form will be available on the Registrar's website at a time agreed and instructed by federal officials.

The Ministry of Finance is expected to issue additional guidance that will be applicable to all FFIs in the UAE, including those regulated by the Central Bank, Securities and Commodities Authority, Insurance Authority, the DIFC and any other free zone. However, FFIs should keep in mind that the obligations created by FATCA are imposed on FFIs by US Federal Law, and the Registrar is not authorised or qualified to interpret or give private legal advice regarding a foreign law. If you have questions regarding whether or how FATCA applies to you, you are encouraged to seek advice from counsel or others who are qualified to give such advice.

Further instructions will be circulated as soon as the reporting framework is in place, and the guidance will be made available to DIFC entities as soon as it is finalised by the Ministry of Finance.

ROC Answers queries on the regulatory status of Star Capital (DIFC) Limited

Dubai, UAE, 05 February 2014:

The Registrar of Companies office (ROC) has recently received enquiries concerning the regulatory status of Star Capital (DIFC) Limited.

Star Capital (DIFC) Limited was licensed by the ROC on 2 January 2014 as a non-regulated entity to undertake proprietary investments utilizing its own funds (as opposed to utilizing third party’s funds) in or from Dubai International Financial Centre (DIFC).

Star Capital (DIFC) Limited was previously known as MAC Capital Limited was incorporated by the ROC on 7 November 2007 under registration and commercial licence number CL0496. It was also licensed by the DFSA on 27 November 2007 to provide the following financial services: Dealing in Investments as Principal; Dealing in Investments as Agent; Arranging Custody; Arranging Credit or Deals in Investments and Advising on Financial Products or Credit (“DFSA Licence”).

On 27 October 2013, the DFSA withdrew the DFSA Licence of MAC Capital at MAC Capital’s request, and from that date, MAC Capital was no longer licensed to provide financial services in or from the DIFC. The status of the commercial licence for MAC Capital Limited issued by the ROC was inactive until 2 January 2014 when MAC Capital changed its name to Star Capital (DIFC) Limited, and also changed its shareholding and its activities to the non-regulated activity of proprietary investments.

Please refer to the Alert issued by DFSA on the following link regarding Star Capital and MAC Capital:

http://www.dfsa.ae/Alerts/DispForm.aspx?ID=91

If you have any queries about the type of activities that DIFC-incorporated firms carry out in or form the DIFC, you should direct your enquiry to the DIFC Authority on +971 4 362 2222.

If your enquiry is about the status of a regulated entity and about the type of activities that DFSA licensed firms can carry out in or from the DIFC, then you should direct your enquiry to email – info@dfsa.ae.

If you have a complaint about a firm in relation to financial services activities being conducted in or from the DIFC then you may direct your complaint to the DFSA Complaints function by http://www.dfsa.ae/Pages/Complaints/Complaints.aspx