In compliance with commercial companies’ law, the licensee must submit financial records including accounts, sources of income, expenditure and supporting .documents Article 48 Every newspaper must have an editor-in-chief who supervises all content directly. The paper may also have an editor-in-charge and editors who are responsible for its .sections The legal representative of the licensee or one of the partners may be the editor-in.chief or editor-in-charge if he meets the requirements of this law Article 49 The editor-in-chief should be a Bahraini national, the editor-in-chief or the editor-in:charge must fulfill the following qualifications .Hold a university degree and has the appropriate practical experience .a .Not be under the age of thirty .b Be of good character and reputation and has never been convicted of a .c felony or a misdemeanor involving moral turpitude or dishonesty, unless he .has been rehabilitated .Not hold any public office whether appointed or elected .d .Be fluent of the language of the newspaper in reading and writing .e Article 50 The company seeking license to issue a newspaper must have a minimum capital of BD 1,000,000 for a daily newspaper, BD 250,000 for a non-daily newspaper and BD 50,000 for a specialized newspaper. The paid-up capital must not be less than BD .50,000 Article 51 An application for licensure shall be considered within sixty days from the date of its satisfactory submission and the elapse of this period without its consideration shall .be deemed as an implicit rejection Official Gazette – Issue No.: 2554 – Wednesday 30 October 2002ADP a g e | 12