Stock Corporation Act (Laws / Regulations of Germany) Chapter 2 Audit of the annual accounts Subchapter 1 Audit by auditors of the annual accounts Sections 162 to 169 (repealed) Subchapter 2 Audit by the supervisory board Section 170 Submission to…
Annual accounts and management report. Accounting. Appropriation of profits
Stock Corporation Act (Laws / Regulations of Germany) Part 5 Accounting. Appropriation of profits Chapter 1 Annual accounts and management report Section 150 Statutory reserves. Capital reserves (1) Statutory reserves are to be formed on the balance sheet of the…
Special audit. Assertion of claims to compensation
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 7 Special audit. Assertion of claims to compensation Section 142 Appointment of special auditors (1) The general meeting may appoint auditors (special auditors) by a simple majority of the votes cast…
Separate resolution
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 5 Separate resolution Section 138 Separate meeting. Separate vote Any separate resolutions to be adopted by certain stockholders as prescribed by the present Act or in the by-laws are to be…
Voting right
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 4 Voting right Section 133 Principle of the simple majority of the votes cast (1) The resolutions adopted by the general meeting shall require the majority of the votes cast (simple…
Minutes of the deliberations. Right to demand information
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 3 Minutes of the deliberations. Right to demand information Section 129 Rules of procedure, list of attendees (1) The general meeting may adopt rules of procedure, with a majority comprising at…
Convening the general meeting
Stock Corporation Act (Laws / Regulations of Germany) Subchapter 2 Convening the general meeting Section 121 General provisions (1) The general meeting is to be convened in the cases determined by law and in the by-laws, as well as whenever…
Rights of the general meeting. Constitution of the stock corporation
Stock Corporation Act (Laws / Regulations of Germany) Chapter 4 General meeting Subchapter 1 Rights of the general meeting Section 118 General provisions (1) Unless stipulated otherwise by the law, the stockholders shall exercise their rights in matters pertaining to…
Exploitation of influence over the company. Constitution of the stock corporation
Stock Corporation Act (Laws / Regulations of Germany) Chapter 3 Exploitation of influence over the company Section 117 Obligation to provide compensation for damages (1) Anyone who intentionally compels, by exploiting his influence on the company, a member of the…
Supervisory board. Constitution of the stock corporation
Stock Corporation Act (Laws / Regulations of Germany) Chapter 2 Supervisory board Section 95 Number of members of the supervisory board The supervisory board shall consist of three (3) members. The by-laws may specify a certain higher number. Where necessary…