Today’s Legal Enlightenment (Wednesday, May 11, 2022)

by | May 12, 2022 | Legal Enlightenment | 0 comments

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  Today’s Legal Enlightenment (Wednesday, May 11, 2022) – “INVALID EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS”

Although the Extraordinary General Meeting Of Shareholders (“EGMS”) of the Limited Liability Company held on 13 February 1971 was attended by all shareholders, but because the number of shares of the shareholders who requested the EGMS was less than ¼ of the capital of the Limited Liability Company, even though according to Article 14 of the Limited Liability Company’s Articles of Association the number of shares of the shareholders’ who asked the EGMS must be more than ¼ of the Limited Liability Company’s capital, then the EGMS is declared invalid.

Supreme Court Interlocutory Decision No. 878 K/SIP/1974 dated March 23, 1976

Regards,

Fredrik J. Pinakunary


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