1. Subject to the provisions of Articles 342 and 341 of this Decree Law, the inspectors shall, after completing their inspection, submit a final report to the Minister [Private Joint Stock Companies] or to the chairman of the SCA [Public Joint Stock Companies] 2. If the Ministry or, as applicable, the SCA establishes any violations that would constitute a criminal offense involving Directors or auditors, it shall call the General Assembly to convene. In such case, the meeting shall be chaired by a representative of the Ministry or the SCA, as the case may be, holding the office of CEO or comparable office, to consider the following: a. The removal of Directors and filing of a liability lawsuit against them; and b. The dismissal of auditors and filing of a liability lawsuit against them. 3. The resolution of the General Assembly shall be valid in the circumstances described in Clause [2] of this Article if approved by a majority of those present after excluding the share of the Director whose removal is under consideration or the share of the corporate entity he represents.
Interpretation and application must be checked against the official text and current version.