According to the Companies Act, close corporations and joint stock companies (by supplementary application of the Companies Act) must hold their annual ordinary shareholders’ meeting during the first four months of each year. Therefore, this year’s shareholders’ meeting must be held no later than Sunday, 30 April 2023 (unless the company’s articles of association provide for another period for holding the meeting or in other exceptional cases).
- The examination of the company’s situation and the reports of the auditors and external auditors and the approval or rejection of the annual report, balance sheet, statements and financial statements presented by the company’s directors or liquidators.
- The distribution of profits for the financial year, and in particular, the distribution of dividends.
- The election or revocation of the members and alternate members of the board of directors, liquidators and supervisors of the administration.
- Any matter of corporate interest that does not fall within the scope of an extraordinary shareholders’ meeting.
Notices of summons must be published within 20 days prior to the date of the meeting and the first notice cannot be published less than 15 days before the meeting.
If you require support in holding this meeting and preparing the relevant minutes, we can assist you in complying with the legal requirements.
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