The issue of re-registration of companies is now very relevant in Georgia, the purpose of which is to bring the company's documentation into compliance with the "Entrepreneurs' Law".
Special difficulties are related to the issue of holding an extraordinary meeting in relation to a joint-stock company and providing the founding documentation in the correct form to the registering authority.
With recommendation #1, we offer a step-by-step procedure for preparing registration documents for joint-stock companies for re-registration:
1. It is necessary to hold a meeting of the Supervisory Board, where it will be indicated that the Supervisory Board will issue a recommendation to convene an extraordinary general meeting and determine the agenda;
2. In the agenda, it is necessary to define the following issues
- convening an extraordinary general meeting;
- Approving the founding agreement and amending/approving the charter to bring it into compliance with the new "Entrepreneurs' Law".
- On increasing and approving the number of members of the Supervisory Board (referring to this point is necessary if the Supervisory Board has not been elected for a specified period of time in recent years, in the case of a joint-stock company, the law indicates that the chairman and deputy of the Supervisory Board (if any) must be elected and appointed The members of the Supervisory Board must be elected for a term of 3 years.
3. In the minutes of the Supervisory Board, we must specify who is responsible for submitting the minutes of the meeting, the minutes of the Supervisory Board and the founding documents to the registering body (director, lawyer or others)
Recommendation #2 will discuss in detail the application form for the invitation to the general meeting of shareholders, which is the second step for re-registration of the company.
