September 2021
General meeting of a not-for-profit association (ASBL)
The competences of the general assembly are those vested in it by the law and those expressly attributed to it by the articles of association. The law confers on it the following competences: the amendment of the articles of association; the appointment and dismissal of directors and the determination of their remuneration in cases where remuneration is granted to them; the appointment and dismissal of the auditor and the determination of his remuneration; the discharge to be granted to the directors and the auditor and, if necessary, the institution of proceedings by the association against the directors and the auditors; the approval of [...]
April 2021
the Powers of the General Meeting of the SRL
Powers reserved by law to the General Assembly The powers reserved by law are as follows: with a simple majority rule the approval of the accounts; the appointment, remuneration, dismissal and discharge of the director(s); the exclusion of a shareholder (5:155, §1, par. 2 SHA) the social action (however, the shareholders possessing (all together) a minimum of 10% of the issued shares can initiate this legal action). the distribution of profits (even though the statutes can delegate this prerogative to the board) the appointment of the statutory auditor With special majority rule subject to compliance with the rules applicable to the amendment of the [...]