Qatar's MOCI Urges Companies to Hold Ordinary General Assembly Meeting During Period Specified by Law

Doha, March 29 (QNA) - The Ministry of Commerce and Industry (MOCI) called on all public and private joint stock companies to adhere to holding the ordinary general assembly meeting during the four months following the end of the company's financial year, in accordance with the law. This came in a statement issued by the ministry today, in which it outlined the legal text related to holding the ordinary general assembly meeting of public and private shareholding companies. The commercial companies law stipulates that the general assembly shall be convened at the invitation of the board of directors at least once a year, and at the place and time determined by the board after approval by the management. The meeting must be within four months following the end of the company's financial year, and the board of directors may call the assembly whenever the need arises. (QNA)