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Law No: 10/96 (An Unofficial Translation)
Annual general meeting
54. Every company shall in each year hold a general meeting as its annual general meeting. Not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next.
55. The following shall be carried out at the annual general meeting:
(a) Presentation and passing of the audited balance sheet, profit and loss account and the Directors report of the company.
(b) Election and appointment of directors, if any.
(c) Declaration of dividends.
Extraordinary general meeting
56. (a) A company may hold an extraordinary general meeting if its directors feel necessary to hold such a meeting.
(b) The Board of Directors shall hold an extraordinary general meeting if shareholders representing not less than 10% of the capital of the company request for such a meeting.
(c) Requisition made by the shareholders for the meeting stated in sub-section (b) shall be in writing and must state the objects of the meeting.
