Subscription Details
The Subscription Agreement defines the terms under which a member subscribes to shares in MAXIMUS Investment Business Club. It confirms membership class, annual contributions, share issuance rights, and associated privileges. All participants are required to acknowledge and sign this agreement before gaining full membership rights. The subscription process is governed by UAE Federal Law No. 2 of 2015 on Commercial Companies, which establishes the legal framework for share subscriptions in the UAE. The agreement incorporates provisions from Dubai's business licensing regulations, ensuring compliance with local commercial requirements. Share subscription procedures follow UAE Securities and Commodities Authority (SCA) guidelines where applicable, providing additional regulatory oversight for investment activities. The subscription mechanism complies with UAE Federal Law No. 20 of 2018 on Anti-Money Laundering and Counter-Terrorism Financing, requiring comprehensive due diligence and regulatory reporting for all subscribers. The agreement maintains compliance with Dubai's corporate governance standards and DIFC regulations where applicable. All subscription documentation must comply with UAE Federal Law No. 5 of 2020 on Civil Transactions and Dubai's notarization requirements. The club operates under Dubai's regulatory framework, including periodic reporting to the Dubai Department of Economic Development (DED) for all subscription activities.
Representations and Warranties
By signing this Subscription Agreement, the subscriber makes certain representations and warranties regarding their eligibility, financial capacity, and understanding of the club's operations. These assurances are crucial for maintaining the integrity and high standards of the MAXIMUS Investment Business Club. Any misrepresentation may lead to the termination of membership. Representations and warranties are governed by UAE Federal Law No. 2 of 2015 on Commercial Companies, which establishes the legal framework for shareholder representations in the UAE. The agreement incorporates provisions from UAE Federal Law No. 45 of 2021 on Personal Data Protection, ensuring proper handling and protection of subscriber information. All representations must comply with UAE Federal Law No. 20 of 2018 on Anti-Money Laundering and Counter-Terrorism Financing, requiring comprehensive disclosure of beneficial ownership and source of funds. The warranty provisions align with Dubai's corporate governance standards and DIFC regulations where applicable. The agreement maintains compliance with UAE Federal Law No. 5 of 2020 on Civil Transactions, ensuring all representations are legally enforceable under UAE law. Subscriber eligibility criteria are established in accordance with Dubai's business regulations and UAE Federal Law No. 32 of 2021 on Commercial Companies. The club operates under Dubai's regulatory oversight, including compliance with the Dubai Financial Services Authority (DFSA) regulations for financial services activities.
Governing Law
This Subscription Agreement shall be governed by and construed in accordance with the laws of the Dubai International Financial Centre (DIFC). Any disputes arising from or in connection with this agreement shall be subject to the exclusive jurisdiction of the DIFC courts. This ensures a clear legal framework for all club operations and member engagements. The governing law provisions are established under UAE Federal Law No. 2 of 2015 on Commercial Companies, which provides the legal foundation for commercial agreements in the UAE. The agreement incorporates provisions from DIFC Companies Law, ensuring compliance with the latest corporate governance standards in the Dubai International Financial Centre. Dispute resolution mechanisms align with UAE Federal Law No. 5 of 2020 on Civil Transactions, providing clear procedures for legal proceedings and enforcement. The jurisdiction provisions comply with Dubai's regulatory framework, including the Dubai Financial Services Authority (DFSA) regulations for financial services activities. The agreement maintains compliance with UAE Federal Law No. 20 of 2018 on Anti-Money Laundering and Counter-Terrorism Financing, ensuring all legal proceedings meet regulatory standards. The governing law framework incorporates provisions from UAE Federal Law No. 45 of 2021 on Personal Data Protection, ensuring proper legal handling of member information. The club operates under Dubai's comprehensive regulatory oversight, including periodic reporting to the Dubai Department of Economic Development (DED) and compliance with UAE Federal Law No. 4 of 2020 on Securitization of Sukuk and Bonds.