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Who invites the ordinary General Assembly to convene?

• By mmadmin
• 22 Feb 2024
• 0

The ordinary General Assembly shall be held at least once a year within three months of the end of the financial year or whenever necessary that it is invited to meet by: 1 – The Chairman of the Board of Directors of the Shareholding Company or the Director of the Liability Company Limited may invite […]

One Person’s Company Capital

• By mmadmin
• 21 Feb 2024
• 0

The minimum capital of one person’s company is 1,000 pounds and must be paid in full upon incorporation. The company’s capital may include a material or moral share of the capital of the company. The price of the company must be paid in full and assessed in the manner of the experts. In the case […]

What is one person’s company?

• By mmadmin
• 18 Feb 2024
• 0

A company consisting of one person whether that person is a natural or legal person and whether he is an Egyptian national or a foreigner with a legal personality separate from its founder and has a separate trade name and financial edifice. Its founder does not ask in the debts of the company more than […]

What is a joint stock company ?

• By mmadmin
• 18 Feb 2024
• 0

Many clients always ask this question and answer it as follows: JSC is one of the strongest types of companies in Egypt and has been singled out by law to make its money in the rule of public money and has two types of subscription: The IPO is on the stock exchange and we see […]

What are the jurisdictions of extraordinary General Assembly ?

• By mmadmin
• 15 Feb 2024
• 0

The extraordinary General Assembly is competent to the following : 1 – Modify the Company’s system provided that this does not entail an increase in shareholders’ obligations unless all shareholders agree to the amendment. Any decision of the extraordinary. 2 -General Assembly that would prejudice the fundamental rights of shareholders shall be invalid Increase licensed […]

Formation of the Board of Directors

• By mmadmin
• 14 Feb 2024
• 0

First: JSC’s Board of Directors consists of at least three members and has no maximum limit . Second: The Chairman of the Board of Directors, a member or a Managing Director may be a non-contributor and appoint the General Assembly . Third : the General Assembly shall be selected for a period of three years. […]

What are the jurisdictions of extraordinary General Assembly ?

• By Eslam
• 19 Jun 2023
• 0

The extraordinary General Assembly is competent to the following : 1 – Modify the Company’s system provided that this does not entail an increase in shareholders’ obligations unless all shareholders agree to the amendment. Any decision of the extraordinary. 2 – General Assembly that would prejudice the fundamental rights of shareholders shall be invalid Increase […]

What are the jurisdictions of regular General Assembly?

• By Eslam
• 13 Jun 2023
• 0

The regular General Assembly shall have the following competence : 1 – Consideration and approval of the Comptroller’s report . 2 – Consideration and approval of the Governing Council’s report .  3 – Approval of the budget and calculation of profits and profits . 4 -Approve the distribution of profits to shareholders and employees. 5 […]

How to remove a manager in a limited liability company if he is appointed for an indefinite period?

• By Eslam
• 10 Jun 2023
• 0

The extraordinary General Assembly shall at any time be competent to isolate and replace the Director by a reasoned decision and subject to the approval of the numerical majority of three quarters of the capital shares and shall be entitled to isolate and replace the Director in the same Assembly. For more in-depth details refer […]

How to isolate a manager in a limited liability company if he is appointed for a fixed period ?

• By Eslam
• 5 Jun 2023
• 0

Removing the manager and replacing him if he is appointed for a fixed period in the company’s incorporation contract : The Ordinary General Assembly shall have the competence, in the event that the Director is appointed for a fixed period, to consider at its annual meeting for the discussion of the annual budget, whether to […]