What is an extraordinary general meeting of shareholders?
The extraordinary general meeting of shareholders is relative to the general meeting of shareholders. According to China's Company Law, the legal reasons for holding an extraordinary general meeting of shareholders of a limited liability company are: the proposal of shareholders representing110 or above; 1/3 or more directors' proposals; The board of supervisors or the supervisors of a company without a board of supervisors propose to make decisions on the company's operating conditions and the formation of shareholders.
I. Extraordinary General Meeting of Shareholders
1. The extraordinary shareholders' meeting is referred to as the extraordinary shareholders' meeting, also known as the extraordinary shareholders' meeting. Refers to the shareholders' meeting held between two regular shareholders' meetings in order to solve the urgent problems encountered by the company according to the provisions of the Company Law or the Articles of Association.
Two. Convene an extraordinary general meeting of shareholders
When the number of directors is less than the required number or two-thirds of the number stipulated in the articles of association. According to the Company Law, a joint stock limited company shall have a board of directors with 5 to 19 members. Therefore, once the number of members of the board of directors is less than 5, the company shall convene an extraordinary general meeting to elect directors.
Notice Time of Extraordinary General Meeting of Shareholders
Extraordinary shareholders' meeting refers to an extraordinary shareholders' meeting convened temporarily between the two annual shareholders' meetings according to legal reasons to decide on major issues that the company needs shareholders to vote temporarily. The purpose of holding a meeting can be adjusted and changed according to the company's operating conditions. Let's take a look at the notice time of the extraordinary shareholders' meeting.
I. Extraordinary General Meeting of Shareholders
According to China's Company Law, the convening of an extraordinary shareholders' meeting by a limited liability company must be proposed by shareholders with voting rights of over 65,438+0/65,438+00, directors with voting rights of over 65,438+0/3 or supervisors of a company without a board of supervisors.
Two. Convene an extraordinary general meeting of shareholders
1. When the number of directors is less than the required number or two thirds of the number stipulated in the Articles of Association. According to the Company Law, a joint stock limited company shall have a board of directors with 5 to 19 members.
Legal basis: People's Republic of China (PRC) Company Law.
Article 101 The shareholders' meeting shall hold an annual meeting every year. In any of the following circumstances, an extraordinary general meeting of shareholders shall be held within two months:
(1) When the number of directors is less than two thirds of the number stipulated in this Law or the articles of association.
(2) When the company's uncompensated losses reach one third of the total paid-in share capital;
(3) The request of shareholders who individually or collectively hold more than 0/0% of the shares of the company/KLOC.
(4) When the board of directors deems it necessary;
(5) The time proposed by the board of supervisors.
(6) Other circumstances stipulated in the Articles of Association.