Notice period for companies’ EGMs to be cut to 7days

2 weeks ago

The government has submitted an amendment to the Companies Act to shorten the notice period for Extraordinary General Assembly (EGMs) of companies to seven days. The bill is sponsored by Feydhoo MP Ismail Nizar. The Parliament, which is currently in recess, held an extraordinary sitting last week to hear the bill. It was sent to the Economic Committee for review in another