Business Law Deneme Sınavı Sorusu #983824
One of the limitations on the decisions of the General Assembly is:
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It cannot authorize the Board of Directors to take decisions on the acquisition of the Company’s own shares. |
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It cannot take a decision on the rights of a third party. |
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It cannot appoint and terminate the Board of Directors. |
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It cannot decide on the termination of the Company. |
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It cannot sell significant portions of the property of the Company. |
Yanıt Açıklaması:
There are certain limitations on the decisions of the General Assembly, one of which is Third Parties’ Rights: The General Assembly of a joint stock company cannot take a decision on the rights of a third party. Thus a contract made between the Company and a third party cannot be declared void by the General Assembly.
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