State Administration for Industry and Commerce, The Question Concerning the Validity of the Resolutions of Shareholders' Meetings of Companies Limited by Shares Reply

国家工商行政管理总局关于股份有限公司股东大会决议有效性问题的答复

October 02, 2001 | BY

clpstaff &clp articles &

Issued: August 6 2001Main contents: The Reply clarifies that whether a resolution of a shareholders' meeting of a company limited by shares is effective…

Clp Reference: 2330/01.08.06 Promulgated: 2001-08-06

Issued: August 6 2001

Main contents: The Reply clarifies that whether a resolution of a shareholders' meeting of a company limited by shares is effective depends firstly on whether the meeting was held according to the law and secondly whether the resolution complies with Articles 106 and 107 of the Company Law. The Reply also states that the percentage of shares held by the shareholders attending the meeting does not affect the lawful holding of the shareholders' meeting or the lawful adoption of the resolutions thereby.
Related legislation: PRC, Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p21

clp reference:2330/01.08.06promulgated:2001-08-06

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