The liquidator may be one of the shareholders or an individual separate from the corporate. During the liquidation, the liquidator shall settle all claims for and against third events, Iranian authorities such as Tax Bureau and Social Security Organization. Limited Liability Company relies upon the direct contributions of the companions to the partnership and not by share subscription. After the dissolution of a joint stock company via the CNCIRB or the court, the resolution or the courtroom verdict appoints and determines a celebration that enacts because the liquidator, in addition to the place of liquidation. It takes normally 9 months to 1 yr for the issuance of a verdict on dissolution of a joint inventory company by the courtroom.
An agreement on standing change enters into drive when the overall conferences of all the companies participating in the status change undertake a call referred to in Article 498 of this Act approving it, i.e. on the day of conclusion of that contract, if that date comes later, until the settlement envisages that it enters into pressure on a later date. If the recipient firm is a sole member of the transferring company, the settlement on status change does not contain the data listed in Article 491, paragraph 2, merchandise 4) of this Act. Exceptionally, the financial statements referred to in paragraph 1, item 2) of this Article usually are not needed if all the members of the company involved in status change agree that these stories should not be prepared. stocks acquired by the members of the transferring firm, and if such shares have no par value, 10% of the total book worth of these shares. Chairman of the board of administrators, i.e. supervisory board if the corporate has a two- tier management system, shall problem a written assertion verifying that the duty to send the notification from paragraph 1 hereof was fulfilled. A money payment can also be made to a member of the transferring company on the basis of a status change, however to whole amount of such funds to all members of the transferring company might not exceed 10% of the whole par worth of the shares, i.e.
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The listing of individuals who participated within the work of the overall assembly, in addition to evidence that the session was convened in a correct method represent an integral a part of the minutes. If the by-laws referred to in paragraph 2 of this Article don’t prescribe the style of voting, choices are adopted by open voting. A failure to act within the method prescribed by this Article has no influence on the validity of the resolutions adopted at the session of the final assembly, if the voting outcome and the content of such choices could also be established otherwise. The request referred to in paragraph 1 merchandise 2) of this Article shall embody the particulars of each applicant in accordance with Article 265 of this Act and a reasoned proposal of the agenda for the session. The articles of association might exclude the potential for holding a particular session of the general meeting.
Labour Regulation
A public joint inventory firm shall publish the invitation for session also on the internet web page of the regulated market, i.e. on the multilateral buying and selling facility the place its stocks are traded, and at all times publishes it on its internet web page. A joint stock firm is also obliged to publish the invitation for the session on the internet web page of the register of enterprise entities and on the web page of the Central Registry. At its first session, the overall assembly adopts, on the proposal of the chairman of the general meeting or the stockholders holding or representing a minimal of 10% of the votes of the present stockholders, by a majority vote of the stockholders present, the rules of procedure of the general meeting , unless a unique majority is envisaged by the articles of affiliation. 2) Right to take part in the debate in regards to the issues on the agenda of the overall meeting, which incorporates the proper to file motions, ask questions associated to the agenda of the general meeting, and receive answers, in compliance with the corporate’s articles of affiliation and the principles of procedure. After completed inscription of the changes arisen from reduction of share capital within the Central Registry, the company shall perform the registration of the discount of share capital in compliance with the registration act. In case from paragraph 1 of this Article, if the corporate fails to concurrently move a choice on increase of share capital in accordance with that paragraph, and fails to carry out such enhance, the decision on reduction of share capital is null and void.