First general meeting requirement: promoter members must convene to elect the board; interim board serves until election. The rule mandates that the first general meeting be convened by promoter members within a prescribed post registration period to elect the board of ... Summary
First general meeting requirement: promoter members must convene to elect the board; interim board serves until election.
The rule mandates that the first general meeting be convened by promoter members within a prescribed post registration period to elect the board of directors; the interim board chosen by the registration applicants remains in office only until the regular board is elected at that meeting.
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