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Chapters on nominate contracts (endowment, sales, options, barter/ mu‘āwaḍa, hire and lease, partnerships -shirka, muzāra‘a, musāqāt, muḍāraba-, reward/ju‘āla, deposit, fungible and non-fungible loan, agency, financial and personal guaranty, assignment, settlement, pledge, gift), shuf‘a, wills, inheritance, marriage and divorce, mahr, and alimony took almost all of its substance from prominent Shi’i fiqh treatises. Other chapters (classification of properties, easement, usufruct, general rules of obligations and contracts, nationality, registration of civil status, domicile, engagement, guardianship, and evidence) are mainly influenced by Swiss and French Civil Codes and Swiss Code of Obligations.

Chapters on nominate contracts (endowment, sales, options, barter/ mu‘āwaḍa, hire and lease, partnerships -shirka, muzāra‘a, musāqāt, muḍāraba-, reward/ju‘āla, deposit, fungible and non-fungible loan, agency, financial and personal guaranty, assignment, settlement, pledge, gift), shuf‘a, wills, inheritance, marriage and divorce, mahr, and alimony took almost all of its substance from prominent Shi’i fiqh treatises. Other chapters (classification of properties, easement, usufruct, general rules of obligations and contracts, nationality, registration of civil status, domicile, engagement, guardianship, and evidence) are mainly influenced by Swiss and French Civil Codes and Swiss Code of Obligations.

َMain chapters include: 1- Merchant and Commercial Transaction Defined, 2- Commercial Register Books and Commercial Registration Offices, 3- Commercial Companies, 4- Bills of Exchange, Promissory Notes, Checks, 5- Bearer Instruments, 6- Brokerage, 7- Commission Agency, 8- Transportation Contract, 9- Commercial Deputy and Commercial Agents, 10- guaranty, 11- Bankruptcy, 12- Criminal Bankruptcy, 13- Reorganization, 14- Trade Name, 15- Legal Entities, 16- Other Provisions.

Articles 21-93 of this Code, regarding joint stock companies, was repealed and replaced by the Joint Stock Companies Act (1969).

This 'ratified bill' replaced articles 21 to 93 of the Commercial Code pursuant to the legislation enacted on December 10, 1964.

Some significant changes hereby made in the law of joint-stock companies are:

1- Public and private joint-stock companies are distinguished;

2- All directors may, under specified circumstances, be held jointly liable for the acts of any one of them;

3- The fact that directors, in transactions they made with third parties on behalf of the company, have been in breach of the trust or duties delegated to them does not generally excuse the company against third parties from performing those transactions

4- Directors cannot make transactions on their owns’ behalf which involve competition with the company

5- Shares cannot be issued before the company is registered, and bearer shares cannot be issued until all their nominal value be paid by the shareholder.

6- Provisions are introduced on subjects not previously dealt with: executive officer, capital increase and reduction, liquidation, and savings bonds.

A procedural law, containing provisions governing the organization of registry system, the processes of delimitation and registration of real properties, registration of deeds, notary services, administrative enforcement of official deeds, offenses and penalties and the service fees. It, nonetheless, includes one important modification in substantive contract law as well, which is one of the first socially-motivated deviations from the system of ‘freedom of contracts’ as conceived in Shi’i fiqh:

Sale had long been used as a fictional guise for the unlawful intention of the parties to make an interest-bearing loan. This gave the buyer/borrower the additional advantage of appropriating the item of sale/collateral in case of seller/lender’s default, even if the value of collateral be much higher than the price/ loan sum. The Registry Act changed this situation: Regardless of the title the parties give to their contract, whenever the real function of the transaction is to provide security for a debt, the creditor can take only a portion of the collateral equal to the value of the debt, and needs to do this always through judicial or administrative enforcement procedure.