COMMITTEE OPERATION definition

COMMITTEE OPERATION. The supervisory committee shall meet as many times as necessary for the correct fulfilment of its duties and may be called upon by any of the Syndics at least three days in advance. It shall validly meet with the necessary attendance of its three members. Its decisions shall be taken pursuant to the favourable vote of at least two Syndics, without prejudice to the rights which may individually correspond to every Syndic pursuant to law and in accordance with the provisions of the last part of section 290 of Law 19,550. The supervisory committee shall choose among its members a chairman who shall preside the meetings of the body and shall be in charge of the execution of the actions and resolutions taken by the former. The chairman of the Supervisory Committee shall be appointed alternatively, always for a one year's term. For the first fiscal year, the Chairman shall be elected between the Syndics chosen by Class A Shareholders. For the second fiscal year, the Syndic appointed by Class B shareholders shall be chosen and so on. Their compensation shall be fixed by the Regular Shareholders' Meeting pursuant to the provisions of the legislation in effect.----------------------------------------------- SECTION TWENTY. SHAREHOLDERS' MEETING. Regular and Special shareholders' meetings shall be called by the Board of Directors or the 13 supervisory committee to deal with the subjects contemplated under sections 234 and 235 of Law 19,550 respectively, during FIVE days' publication at least TEN and not more than THIRTY days in advance in the official Gazette and in one of the general leading newspapers of the Republic of Argentina. Shareholders shall be also given written notice in connection therewith when they were domiciled or had established domicile in the Republic of Argentina, being the same registered on corporate records. Notices related to Regular or Special Shareholders' Meetings shall comply with the requirements porvided for under section 237 of Law 19,550.------------------------------------------ SECTION TWENTY-ONE. REGULAR SHAREHOLDERS' MEETING: Regular Shareholders' Meetings shall be deemed constituted on first call with the attendance of shareholders representing the majority of shareholders entitled to voting. If such quorum is not reached, they shall be called for the second time within the thirty following days. There shall be notices published at least three and no more than eight days in advance to the date of the meeting. The Regular shareho...
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Examples of COMMITTEE OPERATION in a sentence

  • SUPERVISORY COMMITTEE OPERATION: The supervisory committee shall meet as many times as necessary for the correct fulfilment of its duties and may be called upon by any of the Syndics at least three days in advance.

Related to COMMITTEE OPERATION

  • Network Operating Committee means a group made up of representatives from the Network Customer(s) and the Transmission Provider established to coordinate operating criteria and other technical considerations required for implementation of Network Integration Transmission Service under Tariff, Part III.

  • Operating Committee means the Operating Committee of Epoch which meets frequently and is responsible for implementing the Company’s strategy, making operational decisions and overseeing the day-to-day running of the Company.

  • Management Committee means in the case of a Competition which is an unincorporated association, the management committee elected to manage the running of the Competition and where the Competition is incorporated it means the Board of Directors appointed in accordance with the articles of association of that company.

  • Development Committee has the meaning set forth in Article 3 of the Amended and Restated Research and Development Agreement.

  • Project Steering Committee means the committee referred to in Section I.A.1 of Schedule 2 to this Agreement.