RegAlert

Rule · PMA · 19 Mar 2014

Circular No. 38 Ordinary General Assembly Meetings

governance

The Palestine Monetary Authority issued Circular No. 38/2014 mandating that all local banks operating in Palestine convene their annual ordinary general assembly meetings within four months of their financial year-end. This directive enforces Article 149 of Companies Law No. 12 of 1964 to guarantee timely corporate governance and shareholder accountability. Compliance is overseen by the Authority's Supervision and Inspection Department, with non-adherence constituting a regulatory violation.

PalestinePalestine Monetary Authority

Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (38/2014)

To all local banks operating in Palestine

Date: Wednesday, March 19, 2014

Subject: Ordinary General Assembly Meetings

Pursuant to the provisions of Article (149) of Companies Law No. (12) of 1964, we wish to inform you of the requirement to hold the bank's annual ordinary general assembly meeting within a period not exceeding four months following the end of the bank's financial year.

Supervision and Inspection Department Palestine Monetary Authority

Copy to: Company Auditor

Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 Email: info@pma.ps www.pma.ps

Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 Email: info@pma.ps

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Lineage: No known changes

RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.

Companies Law No. (12) of 1964Not in RegAlertCompanies Law No. (12) of 1964 — Not in RegAlertCircular No. 38 OrdinaryGeneral Assembly Meetings2014-03-19 · this documentCircular No. 38 Ordinary General Assembly Meetings (2014-03-19)
amendssupersedesissued underrefers todashed card: not in RegAlert (or proposed)arrows run from the older text to the one that changes it
The links and the sentences they come from (1)
Issued under
  • Companies Law No. (12) of 1964Not in RegAlert

    “Pursuant to the provisions of Article (149) of Companies Law No. (12) of 1964”

More like this from PMA

PMA published 4 documents in the last 30 days. We email you each new one the day it's published.

Source: Palestine Monetary Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

In RegAlert: added · updated