Commercial Companies Law

Commercial Companies Law — Article 111

The constitutive general meeting shall have the following functions: 1. making sure that the conditions necessary for establishment of the company have been observed. 2. ratification of the amendments made to the articles of association of the company, if required. 3. approval of the procedures, expenses and actions provided for in Article 110 of this Law. 4. election of the members of the first board of directors. 5. appointment of an auditor or auditors. 6. any other functions contained in the articles of association of the company.

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