1. Subject to the provisions of Article 143 of this Decree Law, if the General Assembly of the Company fails to pass a resolution on the election of Directors at two consecutive meetings where the quorum is fulfilled, the SCA shall refer the matter to the chairman of its board of directors, after consulting the Competent Authority and the entities responsible for supervising the Company's activities in the State, for an interim board of directors to be appointed for the Company for a term not exceeding one fiscal year. At the end of the fiscal year, the interim board of directors shall call the General Assembly of the Company to elect Directors. If the General Assembly fails to elect Directors, the SCA shall refer the matter to the chairman of its board of directors, after consulting the Competent Authority and the entities responsible for supervising the Company's activities in the State, for an appropriate resolution to be passed for, inter alia, the dissolution of the Company. 2. If the General Assembly of the Company fails to pass a resolution on the appointment of its auditor at its annual meeting in accordance with the provisions of Articles [246] and [245] of this Decree Law despite the presence of a quorum, the SCA may appoint an auditor for the Company for one fiscal year and determine his fees.
Interpretation and application must be checked against the official text and current version.