Section 136 amendment: tightened document circulation rules and mandatory website disclosure of subsidiary financials. Amendment to section 136 revises provisos: documents sent less than twenty-one days before a meeting are deemed duly sent if agreed by members representing at least ninety-five percent voting power; listed companies must place separate audited accounts of each subsidiary on their website; for foreign subsidiaries, consolidated financials prepared under foreign law suffice, or unaudited foreign statements (with English translation if needed) may be placed on the website; every company with a subsidiary must provide copies of each subsidiary's separate audited or unaudited financial statements to any requesting member.
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Provisions expressly mentioned in the judgment/order text.
Section 136 amendment: tightened document circulation rules and mandatory website disclosure of subsidiary financials.
Amendment to section 136 revises provisos: documents sent less than twenty-one days before a meeting are deemed duly sent if agreed by members representing at least ninety-five percent voting power; listed companies must place separate audited accounts of each subsidiary on their website; for foreign subsidiaries, consolidated financials prepared under foreign law suffice, or unaudited foreign statements (with English translation if needed) may be placed on the website; every company with a subsidiary must provide copies of each subsidiary's separate audited or unaudited financial statements to any requesting member.
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