1. Except for the meeting of the General Assembly being postponed due to the lack of quorum, in accordance with the provisions of Article [185] of this Decree Law, the call to General Assembly Meeting shall be served based upon the approval of the SCA to all shareholders according to the controls and conditions to be included in a resolution of the SCA, subject to the following: a. The notice of General Assembly Meeting shall be sent at least twenty-one [21] days prior to the scheduled date of meeting. b. The notice of meeting shall be sent in accordance with the notification method issued by a resolution of the SCA. c. The shareholders shall be notified by registered letter or through the modern means of technology as stipulated in the AOA of the company. d. The company shall serve upon both the SCA and the Competent Authority a copy of the notice of meeting on the date of the notification of the call for meeting. 2. The notice of meeting shall include the agenda, venue, date and time of the first meeting and the second meeting [in the event of the lack of quorum for the first meeting]. In addition, it shall also indicate the persons eligible to attend the General Assembly and their right to delegate whoever they select from outside the directors under a special written power of attorney as determined by the SCA in this regard, the shareholder's eligibility to discuss the matters listed in the General Assembly's agenda, and to pose questions to the board of directors, the auditor, the quorum required for the meetings of the General Assembly and the resolutions issued thereat. It shall also indicate the names of persons eligible to the receive dividends, if any. 3. It shall be permissible for meetings of the General Assembly to be held and for the shareholder to participate in their deliberations and vote on their resolutions through modern means of technology of telepresence according to the controls set forth by the SCA in this regard.
Interpretation and application must be checked against the official text and current version.
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