[ESTABLISHING A BUSINESS ENTITY IN BELGIUM] 61
loyalty shares (double voting right).
Loyalty shares NOT possible.
For listed companies, possibility to issue loyalty shares (double voting right).
Minority shareholders’ rights
Shareholders holding at least 10% of the shares have the right to:
Shareholders holding at least 10% of the shares have the right to:
Shareholders holding at least 1% of the voting securities or holding at least €1,25 million of the company's capital on the date the shareholders’ meeting voted to discharge the directors, have the right to
ask a court to appoint experts to inspect the books and accounts of the company; lodge a minority claim against one or more directors.
ask a court to appoint experts to inspect the books and accounts of the company; lodge a minority claim against one or more directors.
-
-
-
-
ask a court to appoint experts to inspect the books and accounts of the company; lodge a minority claim against one or more directors
-
-
SHARE TRANSFER
Unless otherwise provided for in the articles of association, shares are NOT freely transferable. Shares may only be transferred to another shareholder or to a direct ascendant or descendant of the shareholder. If the articles of association do not provide that the shares are freely transferable, any transfer of shares to a person or company other than the abovementioned must be approved by at least half of the shareholders representing at least 3/4th of the total shares, excluding the shares whose transfer is proposed.
Shares are transferable to other shareholders unless the articles of association provide otherwise.
Shares are transferable unless the articles of association, the issuance conditions or shareholders’ agreements provide otherwise.
Shares may only be transferred to third parties, if they meet the requirements for becoming a shareholder as set out in the articles of association.
ILN Corporate Group – Establishing a Business Entity Series
Made with FlippingBook Ebook Creator