Can the articles of association stipulate that the company does not need a resolution of the shareholders' meeting or the board of directors to provide guarantees for wholly-owned subsidiaries or holding subsidiaries?
1. If the parent company wholly buys the subsidiary, the subsidiary will have no shareholders' meeting. 2. A subsidiary is a subordinate unit of the parent company. The board of directors is the executive body of the parent company, and the acquisition of subsidiaries must also be carried out through the board of directors. Therefore, any personnel of the subsidiary shall be appointed by the board of directors. It can be nominated by the chairman and decided by the board of directors. 4. At the beginning of the establishment of the shareholders' meeting, if the articles of association have no relevant provisions on the acquisition of subsidiaries, the shareholders' meeting may be convened to make a resolution to supplement the articles of association.
Further reading: How to buy insurance, which is good, and teach you how to avoid these "pits" of insurance.