Assemblies on the Change

Name the different types of an assembly

Statutory general assembly, extraordinary general assembly and general assembly.

What are the tasks of the statutory general assembly

To examin founders’ applications and it’s approval and also to subscribe capital of the company and pay for the required values
To approve the company articles of association and its correction if required.
To elect the first directors or inspectors of the company.
To designate a mass-circulation newspaper in which all subsequent notices and calls for the shareholders will be published until the convening of the first general assembly.

Who is responsible for the assessment of the non-cash contributions at a extraordinary general assembly

Licensed Justice Ministry Professional

what are the jurisdiction of extraordinary general assembly

Any change in the articles of association or in the company capital or in the dissolution of the company shall fall under the jurisdiction of the extraordinary general assembly.

What is the process of establishing an extraordinary general assembly

In the first call, attendance of more than half of the shares holding a right to vote and observing clause 101 of the amendment bill, in the second call, attendance of one-third of the shares holding a right to vote and observing clause 101 of the amendment bill.

How is the validity period of resolutions of an extraordinary general assembly

Resolutions passed at an extraordinary general assembly are valid when they are passed by the affirmative vote of two-thirds of those present at the assembly.

What are the authorities of a general assembly

An ordinary general meeting shall have the authority to make decisions about any affairs of the company with the exception of such affairs falling under the jurisdiction of the statutory and extraordinary general meeting of the company.

How is the order of general assembly establishment

The first call with the attendance of more than half of the shares possessing the right to vote and observing clause 101 of amendment bill. The second call with the attendance of all of the shareholders possessing the right to vote and observing clause 101 of amendment bill.

How is the credibility of resolutions at a general assembly

At a general assembly, all resolutions consistently shall be creditable with the vote of half of the members present plus one at an official assembly; otherwise, the plurality would be sufficient for the election of the managers and inspectors.

What is the goal of establishing a general assembly and what is the time for establishing such an assembly

The general assembly must be established annually, in times where predicted at the articles of association, for examining balance sheet, the income statement of the past fiscal year, statement of company asset and claim, annual periodic statement of company performance and the accounts of managers, inspectors, and all the affairs related to the fiscal year accounts.

Who gives authorization for dividing the profits and losses

General Assembly

Is it possible for the inspector to call the annual general assembly

If the board of directors does not call the annual general meeting of the company within the appointed time, then it shall be the obligation of the inspector to make such a call.

What changes in the articles of association can be addressed at the board of directors’ assembly

To change the address and branch, transfer the stock and establish a branch if it was predicted at the articles of association.

What is task of board of directors’ assembly

To designate managers’ post, determine status of the right to sign; the managers shall have all the authorities required for performing company affairs if they are in the subject scope of the company, except for subjects in the common assembly jurisdiction; the determination and limitation of managers’ authorities is possible in accordance with their authorities in the articles of association