2020-06-08 18:22:20

According to the Company Act Article 356-8, a close company may state in its Articles of Incorporation that its shareholders meeting can be held by means of visual communication network or other methods promulgated by the central competent authority. In case a shareholders meeting is to take place via such methods, then the shareholders taking part shall be deemed to have attended the meeting in person. A close company may also state in its Articles of Incorporation that if it is agreed by all its shareholders, any action to be taken at a shareholders meeting may be taken, without an actual meeting, by written consents to exercise their voting power. In this case, a shareholders meeting held in accordance as mentioned above shall be deemed to have been convened, and the shareholders who exercise their voting power by written consents shall be deemed to have attend the meeting in person.