455
[ESTABLISHING A BUSINESS ENTITY IN SPAIN]
SA
SL
BRANCH
meeting to deliberate and decide on the following matters:
meeting to deliberate and decide on the following matters:
- Approval of annual financial statements, distribution of earnings and the approval of corporate governance. - Appointment and dismissal of directors, liquidators and, when necessary, account auditors and the institution of liability action against any of these persons. - Amendments to by-laws. - Capital increase and reduction. - Removal or limitation of pre- emptive or preferential subscription rights. - Acquisition, disposal or transfer to another company, of any essential assets. Assets are considered essential when the sum of the transaction exceeds twenty-five percent of the share value shown in the latest approved balance sheet. - Conversion, merger, spin-off or global assignment of assets and liabilities. - Dissolving the company. - Approval of the final liquidation balance sheet. - Any other matters stipulated by the law or the by-laws.
- Approval of annual financial statements, distribution of earnings and the approval of corporate governance. - Appointment and dismissal of directors, liquidators and, when necessary, account auditors and the institution of liability action against any of these persons. - Amendments to by-laws. - Capital increase and reduction. - Removal or limitation of pre- emptive or preferential subscription rights. - Acquisition, disposal or transfer to another company, of any essential assets. Assets are considered essential when the sum of the transaction exceeds twenty-five percent of the share value shown in the latest approved balance sheet. - Conversion, merger, spin-off or global assignment of assets and liabilities. - Dissolving the company. - Approval of the final liquidation balance sheet. - Any other matters stipulated by the law or the by-laws.
ILN Corporate Group – Establishing a Business Entity Series
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