It has been more than one month since key requirements for company law were amended in the Civil and Commercial Code on 7 February 2023.
As the amendment eases certain requirement relating to an e-meeting, minimum number of the promoters and shareholders, the process for summoning the shareholders’ meeting and determining new scheme of merger and amalgamation, many companies is seeking to revise its Articles of Association to enjoy more relaxed requirement under the new amendment.
The amendments related to the limited companies are as follows:
In this circumstance, it is now the time for you to review the Articles of Association (“AoA”) of your company whether the provisions set out in the AoA are aligned with the above key areas of amendment.
Mazars’ legal team can help your business with a reviewing of the Company’s AoA and giving a legal advice on implementing the amendment of AoA where are required in accordance with the amendment of the CCC. Contact us to see how we can help you.