Post by account_disabled on Mar 12, 2024 3:53:53 GMT
The regulation in order for the holders of both registered and bearer shares in nonpublic companies to be represented at the general assembly meetings through their proxies the power of attorney has been required to be prepared in a notarized manner and the practice of adding a signature statement prepared in the presence of a notary in powers of attorney that are not notarized has been abolished. Obligation to Have a Ministry Representative It is mandatory for the Ministry representative to be present at the general assembly meetings listed below and in the second meetings to be held in case they are postponed.
Establishment and articles of association amendment procedures are included in the agenda of all general assembly meetings of companies subject to the permission of the Ministry and in other companies on the agenda of increasing or decreasing the capital switching to the registered capital system and exiting the registered capital system increasing the Ecuador Mobile Number List registered capital ceiling or changing the field of activity and merger with the amendment of the articles of association. in general assembly meetings with division or type change issues of companies that implement the electronic participation system in the general assembly. At all general assembly meetings to be held abroad.
At special board meetings of privileged shareholders to be held abroad. In accordance with the amendment made by this Regulation the obligation to have a Ministry representative present in general assembly meetings other than those listed above in general assembly meetings of singleshareholder companies and in special assemblies of privileged shareholders except for companies whose establishment and articles of association amendment procedures are subject to Ministry permission has been abolished. Requesting a Ministry Representative In the previous regulation a petition was required to have a Ministry representative present in the general assembly meetings in a physical environment. In accordance with the amendment made by this Regulation it is possible.
Establishment and articles of association amendment procedures are included in the agenda of all general assembly meetings of companies subject to the permission of the Ministry and in other companies on the agenda of increasing or decreasing the capital switching to the registered capital system and exiting the registered capital system increasing the Ecuador Mobile Number List registered capital ceiling or changing the field of activity and merger with the amendment of the articles of association. in general assembly meetings with division or type change issues of companies that implement the electronic participation system in the general assembly. At all general assembly meetings to be held abroad.
At special board meetings of privileged shareholders to be held abroad. In accordance with the amendment made by this Regulation the obligation to have a Ministry representative present in general assembly meetings other than those listed above in general assembly meetings of singleshareholder companies and in special assemblies of privileged shareholders except for companies whose establishment and articles of association amendment procedures are subject to Ministry permission has been abolished. Requesting a Ministry Representative In the previous regulation a petition was required to have a Ministry representative present in the general assembly meetings in a physical environment. In accordance with the amendment made by this Regulation it is possible.