Get The Companies Law, 5759 - 1999 A Private Company Limited By ... - Mayafiles Tase Co

However, section 77(7) provides that proceedings to recover any loss suffered by a company for which a director may be held liable may not commence more than three years after the act or omission that gave rise to that liability.

Provided that the issue of debentures with an option to convert such debentures into shares, wholly or partly, shall be approved by a special resolution passed at a general meeting. (2) No company shall issue any debentures carrying any voting rights.

Act One: The definition of a director. Section 76(1) states that for the purposes of this section the term director includes an alternate director, a prescribed officer and members of board committees including an audit committee.

71(11) If any default is made in complying with the order of the Tribunal under this section, every officer of the company who is in default shall be punishable with imprisonment for a term which may extend to three years or with fine which shall not be less than two lakh rupees but which may extend to five lakh rupees ...

71Procedural rules (1)The Secretary of State may make rules about proceedings before a company names adjudicator. (ii)for failure to comply with the requirements of the rules; (i)conferring power to order security for costs (in Scotland, caution for expenses);

(1) Despite anything to the contrary in a company's Memorandum of Incorporation or rules, or any agreement between a company and a director, or between any shareholders and a director, a director may be removed by an ordinary resolution adopted at a shareholders meeting by the persons entitled to exercise voting rights ...

(1) Shares may be paid up in money or money's worth (including goodwill and expertise). (2) Shares of a company shall not be allotted at a discount to their nominal value.

Section 19. all of the bylaws. Because of this rule, Israeli companies might have bylaw provisions that are subject to different voting requirements. Provisions that are so defined are protected from subsequent amendments unless the shareholder vote musters the 'super majority'.