Regulatory Alerts2025-03-21
Added · Updated
Circular 7 of 2025 – Holding of Election of Directors
Companies are permitted to hold the election of directors in the annual general meeting if the election is due within fifteen days after the date of that meeting. This provision suppresses Circular No. 03/2006 and allows companies to avoid holding a separate extraordinary general meeting for director elections. The effective date for the appointment of directors remains the actual date on which the previous board's term expires.
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