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Section 28
General Assembly
: (1) After the sale of shares worth at least ten percent of the total issued share capital of the authority to the general public, the annual general assembly shall be held at the head office of the authority within three months from the date of completion of the audit and receipt of the audit report.
(2) A special general meeting of the authority will be held at any time if the shareholders who have received shares worth at least ten percent of the total paid-up share capital of the authority make a written request or if the committee deems it necessary.
(3) If twenty-five percent of the total number of shareholders registered as shareholders in the register of shareholders are present in person or by their representatives, the quorum of the general meeting will be considered to have been reached.
(4) In the annual general meeting, the authority's profit and loss account and balance sheet, the auditor's report and the committee's report on the authority's work throughout the year will be discussed.
(5) A shareholder whose name is registered as a shareholder in the register of shareholders shall be entitled to vote in the general meeting by himself or by duly appointing another shareholder as his representative. But the shareholders who do not pay the outstanding amount of shares demanded by the authority will not be allowed to vote in that way.
(6) The chairmanship of the general meeting will be held by the chairman of the committee or, in his absence, by a person chosen from among themselves by the shareholders present at the general meeting.
(2) A special general meeting of the authority will be held at any time if the shareholders who have received shares worth at least ten percent of the total paid-up share capital of the authority make a written request or if the committee deems it necessary.
(3) If twenty-five percent of the total number of shareholders registered as shareholders in the register of shareholders are present in person or by their representatives, the quorum of the general meeting will be considered to have been reached.
(4) In the annual general meeting, the authority's profit and loss account and balance sheet, the auditor's report and the committee's report on the authority's work throughout the year will be discussed.
(5) A shareholder whose name is registered as a shareholder in the register of shareholders shall be entitled to vote in the general meeting by himself or by duly appointing another shareholder as his representative. But the shareholders who do not pay the outstanding amount of shares demanded by the authority will not be allowed to vote in that way.
(6) The chairmanship of the general meeting will be held by the chairman of the committee or, in his absence, by a person chosen from among themselves by the shareholders present at the general meeting.