The Business Regulation Certificate Program allows college students planning a career in enterprise or business law to receive specialised training in a set of core areas: publicly traded corporations, closely-held enterprise entities, company finance, regulation and economics, and taxation. The directors shall bear liability for the resolutions of the board of administrators. Article a hundred and fifteen: A company shall indirectly or by a subsidiary present any loan to its administrators, supervisors or senior officers. The opposite shareholders as at the time of the company’s institution shall bear joint and several other legal responsibility for such distinction.
Article sixty one: A one-person limited legal responsibility company shall not have a board of shareholders. When a restricted liability firm that is transformed into a company limited by shares provides shares to the public in order to increase its capital, such problem shall be carried out in keeping with the law.
If the board of supervisors or the supervisors do not convene and preside over the meeting, the meeting could also be convened and presided by the shareholders representing one-tenth or extra of the voting rights. Article 95: When a restricted legal responsibility firm is converted into an organization limited by shares, the full amount of paid-up share capital converted shall not exceed the quantity of net assets of the company.
However, resolutions of a basic assembly to amend the corporate’s articles of affiliation, to extend or scale back the registered capital, or on merger, division, dissolution or change of the corporate form of the company shall be adopted by two thirds or extra of the voting rights held by the shareholders present at the assembly.