Answered step by step
Verified Expert Solution
Question
1 Approved Answer
TRUE OR FALSE QUESTION: Within sixty days after the election of directors, any officer of the corporation shall submit to SEC the names, nationalities, shareholdings
TRUE OR FALSE QUESTION:
- Within sixty days after the election of directors, any officer of the corporation shall submit to SEC the names, nationalities, shareholdings and residence addresses of the directors elected.
- The non-holding of elections shall be reported to SEC within sixty days from the date of the scheduled election and specify a new date for the election which shall not be later than sixty days from the scheduled date.
- The treasurer may concurrently sit as vice president of the corporation.
- Any person who has been convicted by final judgement of an offense punishable by imprisonment of six years and one day shall be disqualified from being a director.
- A special meeting may be called upon written demand of the stockholders representing or holding at least a majority of the outstanding capital stock for the removal of any director.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started